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Taxpayers likely to face initial loss on GM IPO The U.S. government is likely to take a loss on General Motors Co. in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

Former GM CEO Henderson to head SunCoke after spinoff from Sunoco Former GM CEO Fritz Henderson has been tapped to become CEO of SunCoke Energy following its separation from Sunoco Inc. next year.

Ford settles Explorer suit after losing $131 million verdict Ford settled a lawsuit over the death of a New York Mets minor league baseball player in an Explorer accident after a jury ordered the company to pay his estate $131 million. A Jasper County, Miss.

Lincoln future product and branding tops Ford's to-do list Ford plans to further differentiate the Lincoln and Ford division product lineups, while giving the luxury Lincoln brand a 'point of view,' company leaders promise. Ford is also planning for fewer Lincoln dealerships in major metro areas.

Tim Allen to be new voice of Chevy starting with Cruze ads Chevrolet has tapped actor and comedian Tim Allen to be its voice, beginning with TV advertising for the new Cruze compact. The first ads for the Cruze will air Tuesday, Sept. 7, Chevrolet said today.

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