Chysler

The U.S. Department of the Treasury announced Thursday that it reached an agreement to sell to Fiat Treasury's 6% stake in Chrysler Group LLC and Treasury's interest in an agreement with the UAW retiree trust. The expected proceeds from the sale are $560 million, and Fiat agreed to pay $500...

General Motors reported this morning that its Q2 net earnings came in at $1.3 billion, which compares to a profit of $865 million in the first quarter of the year. This release comes, not coincidentally, the day before GM is expected to file for its IPO. GM’s results represented a 47% rise in...