US Treasury finalizes 4-billion-dollar loan for GM
The US Treasury said it had finalized a 4-billion-dollar emergency loan for troubled General Motors, the biggest US automaker. The department "today finalized the loan...
GM, GMAC seek to jump-start car loans after bailout
Auto finance giant GMAC and its former parent General Motors unveiled plans Tuesday to expand lending to jump-start the sputtering auto sector a day...
Canada unveils $3.3bln rescue plan for auto sector
Canadian Prime Minister Stephen Harper on Saturday announced a 3.3-billion-dollar rescue package for US automakers based in Ontario. The package loans three billion Canadian dollars...
Bush defends plan to rescue US automakers
President George W. Bush on Saturday defended his decision to give financial aid to struggling US automakers, arguing that their uncontrolled bankruptcy could plunge...
Jaguar Land Rover bailout may be imminent
The government could arrange loans to help luxury carmaker Jaguar Land Rover within days, the Financial Times said on Saturday, as a top Labour...
Carmakers eye reforms after $13.4bln lifeline
US automakers mulled painful reforms on Saturday after President George W. Bush unveiled a 13.4 billion dollar rescue loan for the struggling industry, but...
GM 'highly confident' it can meet government bailout terms
General Motors is "highly confident" it can meet the financial viability test set forth in a government bailout package, the automaker's chief executive officer...
Russia unveils package for crisis-hit auto industry
Prime Minister Vladimir Putin unveiled a lavish package on Friday to encourage Russians to buy only Russian-made vehicles, in a bid to help struggling...
EU proposes 5-billion-euro drive for green cars
The European Commission on Wednesday offered five billion euros (6.5 billion dollars) to help auto makers make safer and greener cars, an initiative to...
Porsche pushes back VW takeover as sales tumble
German luxury sports car maker Porsche said Wednesday it would push back a planned takeover of Volkswagen, the biggest European auto group, after being...
