TALKING POINT: Should Congress approve a Big Three bailout?
Should Congress approve a Big Three bailout? No, it’ll be painful, but the US automakers must be left to their…
Washington to Detroit: let's see a plan
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US: That B-word arises in DC and Wall Street
US lawmakers have begun talking to Wall Street financial experts to see if there are ways to speed Chapter 11…
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US: November sales fall 36.7%
Optimistic suggestions US light vehicle sales might have bottomed out after October's 34.5% plunge were dispelled last night after November's…
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US: GM asks Congress for $12bn
General Motors has asked Congress for term loans of up to $12bn to provide adequate liquidity levels through to 31…
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US: Chrysler needs $7bn by year’s end
Chrysler needs a $7bn secured working capital bridge loan by 31 December or it may run out of cash and…
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SWEDEN: Automaker eyes are on Saab – CEO
Several as yet unnamed companies are interested in snapping up Saab if General Motors decides to sell. "There are many…
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US [updated 16:15GMT]: Ford bets the farm and sells the company jets
A US$14bn investment in fuel saving technology, including electric commercial and passenger vehicles due out by 2011, should boost Ford's…
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US [updated 16:30GMT]: Crunch time: Speculation rife as Big Three ready for hearings
Today is D-Day for the Detroit-based 'Big Three' as they submit their detailed restructuring plans to US lawmakers ahead of…
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US: Congressman says Detroit CEOs should go
Detroit's Big Three automakers should quit rather than just making pay concessions in return for a US$25bn taxpayer loan, a…
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US: Chrysler chief rallies port worker support
Chrysler president and vice chairman Jim Press is scheduled later today (2 December) to meet Maryland Port Authority employees and…