The “cash for clunkers” bill, which passed the House 298 to 119, would give consumers instant vouchers of up to $4,500 when they turn in older, gas guzzling vehicles and buy new, more fuel-efficient ones.

There are signs that car sales are bouncing back but not for new cars.

Car shoppers are finding good deals at Chrysler, Jeep, and Dodge dealerships. NBC’s Kevin Riggs reports. 

NEW YORK (AP) - General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, both companies said Friday.

WASHINGTON (AP) - The chiefs of General Motors and Chrysler told Congress on Wednesday they have too many dealers to support their slimmed down operations and sacrifices must be shared as they fight to overcome bankruptcy and survive. They acknowledged that slashing dealerships is causing pain in communities around the U.S.

NEW YORK (AP) - Chrysler on Thursday launched into its second day of testimony in its bid to convince a bankruptcy judge that a deal with Italian automaker Fiat is the best way to save itself from liquidation.

DETROIT (AP) - General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker’s unsecured debt in exchange for company stock.

NEW YORK (AP) - Chrysler LLC wants to eliminate roughly a quarter of its 3,200 U.S. dealerships by early next month, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.

Claxton Chrysler-Dodge-Jeep also on closing list.

Shares will be used to pay health care obligations to retired autoworkers

On May 16th the Vaden Lowcountry in Beaufort is proudly unveiling the highly anticipated debut of the next generation 2010 Chevrolet Camaro.

NEW YORK (AP) - Chrysler’s bankruptcy is testing Wall Street’s resilience. After rising sharply in early trading Thursday, the Dow Jones industrial average pared its gains and traded flat after President Barack Obama confirmed that Chrysler LLC will be going through bankruptcy. The proceedings will last up to 60 days.

General Motors Corp. says it will force 1,000 to 1,200 underperforming dealerships to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets stronger.

NEW YORK (AP) — The federal government is pushing for tougher concessions from the creditors of General Motors Corp. and Chrysler LLC, according to a published report, as the troubled automakers face looming deadlines to restructure or seek bankruptcy protection.

The key phrase of the day for Bill Daniel with Vaden Automotive Group is “think positive” even though Monday started with bad news about General Motors.