GM Share Prices Go Retro In Search Of Better Times, Wagoner Hits…

Ford's trading at a price lower than a gallon of gas today » 10/09/08 3:40pm 10/09/08 3:40pm, but how's their publicly-traded Detroit-based buddy doing on Wall Street this week? The reports in the past five days of stock trading, General Motors has lost more than a quarter of its value, closing at $6.91 Wednesday (and dropping below $5 a share…

Motorsports Race Tracks Make Out Big In $700 Billion Bailout

One of the so-called "sweeteners" added to the financial markets bailout bill that passed the Senate Tuesday night was an obscure provision allowing motorsports race track owners to write off the cost of their facilities over seven years. Apparently the IRS has been trying to extend the track write-off period to 15… » 10/03/08 9:40am 10/03/08 9:40am

Sky Falls, Takes Auto Stocks With It

Automaker stock values plummeted along with the Dow yesterday, with most closing down at least seven percent, reports Automotive News » 9/30/08 9:30am 9/30/08 9:30am. General Motors dropped $1.25 to $8.51, while Ford dropped 64 cents to close at $4.17. Suppliers were hit equally hard, while dealership groups like AutoNation and Penske saw declines…