Standard and Poor’s has downgraded American Axle and Manufacturing Holdings Inc.’s corporate bond rating from BB to BB-. But other opinions on American Axle in recent days have been more positive.

Standard and Poor's has downgraded American Axle and Manufacturing Holdings Inc.'s corporate bond rating from BB to BB-. But other opinions on American Axle in recent days have been more positive.

General Motors has only promised production until 2009 at an assembly plant in northeast Ohio where local UAW officials planned today to discuss a new labor agreement they’ve reached with management.

General Motors has only promised production until 2009 at an assembly plant in northeast Ohio where local UAW officials planned today to discuss a new labor agreement they've reached with management.

Billionaire investor Kirk Kerkorian today said he would would move ahead with a tender offer for Ford Motor Co. shares, signaling a bigger bet on the automaker’s turnaround despite the recent slump in its stock and lowered financial outlook.

Billionaire investor Kirk Kerkorian today said he would would move ahead with a tender offer for Ford Motor Co. shares, signaling a bigger bet on the automaker's turnaround despite the recent slump in its stock and lowered financial outlook.

Specs Drop on Subaru’s Impreza WRC2008 Rally Car

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Specs Drop on Subaru's Impreza WRC2008 Rally Car

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Billionaire investor Kirk Kerkorian’s Tracinda investment company said on Friday it will waive a condition tied to a tender offer for Ford Motor Co. shares, keeping his option open to add to his stake in the No. 2 U.S. automaker.

Billionaire investor Kirk Kerkorian's Tracinda investment company said on Friday it will waive a condition tied to a tender offer for Ford Motor Co. shares, keeping his option open to add to his stake in the No. 2 U.S. automaker.