Detroit’s big three automakers are doing everything possible to return into profit foray. After losing their pioneer position to Asian automakers, General Motor, Ford and DaimlerChrysler have introduced reconstruction plans, in which they...

Desperate Detroit-based automakers are moving to lessen the labor cost roughly by $25-an-hour and are trying to cut it down to the level paid by Asian rivals Toyota Motor Corp. and Honda Motor Co. Battling with the increasing losses,...

Although, U.S. automakers have lost their market to Asian rivals, they plan to confer compensation packages to its executives averaged $4.2 million for the previous year. In the last financial year, most of the companies failed to post...