DETROIT (Reuters) – Chrysler, the No. 3 U.S. automaker, would be profitable on a net basis if it were not for the interest costs of loans remaining from its bailout, the automaker's chief executive said on Friday. Sergio Marchionne, who heads both Chrysler and its controlling par...

President Barack Obama, on his first presidential visit to the heart of the auto industry, is likely to avoid a subject that's high on Detroit's list of concerns—the South Korea free-trade accord.

WASHINGTON -- President Barack Obama will tout today the prospects of General Motors and Chrysler adding jobs and repaying much of the aid they received last year during his first visit to Detroit since taking office.

Barack Obama -- in his first visit to Michigan as president -- had a message Tuesday for the invited crowd of 2,000 at the Warren campus of Macomb Community College: Don't count on auto industry jobs that have been lost in the state -- 165,000 since 2001 -- coming back.

WASHINGTON (Reuters) - Barack Obama this week makes his first trip to Asia as president, leaving behind a host of domestic problems with a visit that recognizes the region's economic and diplomatic importance