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The name "Detroit" is still synonymous with auto manufacturing in the U.S., but the strong revival in the auto industry in the past four years, after decades of globalization, has done little to lift the beleaguered city's economy or reputation.
The Treasury Department said Monday that it was preparing the ground to sell the rest of its stock in General Motors Co., but taxpayers could take a hefty loss.
It's not wise to Google the nearest gas station, compose email, or use your smartphone to check the latest sports scores while driving. But many Americans do.
Googling the nearest gas station, sending email from your smartphone, or booking a table at a restaurant: Those are all things you shouldn't do while driving. But so many drivers have grown accustomed to their on-the-go tasks that automakers are increasingly trying to make those things easier to pull off with both hands on the wheel and both eyes on the road.
A timeline of key events in the fall and revival of General Motors Co.
Superstorm Sandy gave an extra boost to already strong U.S. auto sales last month, although carmakers warned that uncertainty over the "fiscal cliff" could undo some of those gains.
General Motors is boosting its cash with $11 billion in new credit lines, a move that could mean the automaker is preparing to buy back its shares from the federal government dating back to the 2009 bailout.
Panama's government has repealed a measure to sell state-owned land in a duty-free zone along the Panama Canal after a week of sometimes violent protests.
The Obama campaign is counting on the auto-industry bailout to carry the president to a victory in Ohio, but it ultimately may hold little sway with voters across the state who are still out of work and struggling to stay solvent.