GM plans to cut models, dealers

General Motors Corp.’s strategy to survive and slim down by 2012 includes fewer dealers, fewer models and as a result, fewer sales and service workers.
In its recovery plan delivered last week, GM — the largest of the Detroit Three and arguably the least financially healthy — told Congress that it planned to have […]

Automakers face skeptical Congress on cash plea

The top executives of the major U.S. automakers faced skeptical questioning on Capitol Hill as they pleaded for $34 billion in federal aid and warned of a possible collapse that would jeopardize millions of jobs.
In a critical moment for America’s storied auto industry, the chief executives of General Motors Corp, Ford Motor Co and […]

St. Louis banks suffer in slowdown

Banks in the St. Louis area are taking a beating in the recession, federal regulatory filings show. Profits are down as bad loans pile up, and a handful of banks are losing money.
Of the top 25 banks in the St. Louis market, at least five are in the red for the first nine […]

Gas above $2 a gallon in only 4 states

Remember $4 gasoline? Remember $3 gasoline? And now, most of the nation can be asked, remember $2 gasoline?
The average price of gasoline is below $2 a gallon in 46 states, according to a survey compiled for motorist group AAA and reported on its Web site. It is lowest in Missouri, at $1.541 a gallon, […]