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Nine years after acquiring Chrysler, Daimler is spending $650 million just to get somebody to take the car company off its hands. Kai Ryssdal totals it up.

UAW chief Ron Gettelfinger originally opposed the Daimler-Cerberus deal for Chrysler, but he had a striking change of heart. Amy Scott reports.

What does Cerberus Capital Management see in Chrysler? Kai Ryssdal talks with The New York Times' Micheline Maynard about where profits may lie.

Daimler is handing over the Chrysler keys. Private equity firm Cerberus will buy an 80.1% stake in the struggling automaker for $7.4 billion. The deal was applauded by European shareholders, but not everyone's convinced it'll pay off, Stephen Beard reports.

Toyota reported another year of record profits. But those profits weren't quite as much as everybody had expected. And the company says things are going to be even slower next year. Alisa Roth reports.

General Motors has made money for the second straight quarter, though the $62 million profit reported today is down sharply from last year's thanks to fallout from the subprime housing market. Ashley Milne-Tyte explains.

Ford reported today a better-than-expected first quarter loss of about $282 million. But Micheline Maynard at the New York Times says there's less to that than meets the eye.

Toyota bumped GM off its perch last quarter as the world's biggest car maker. And all signs are that Toyota's going to be number one for a while. Jeff Tyler reports.

It's been blamed for killing the electric EV1 back in the '90s, but now GM has turned out a prototype for the Volt — an electric car that runs on such advanced clean technology, it won't hit production until the end of the decade.

GM is streamlining production of its popular Astra model in Europe, and the 1,400 jobs cut are all coming out of Belgium. And if plants there don't bring costs down, GM indicated it may shift that production work to Asia.