Paulson rules out aid to carmakers under rescue plan
US Treasury Secretary Henry Paulson on Wednesday ruled out the possibility of using part of the 700-billion-dollar rescue plan to help the struggling auto...
US automaker Ford asks German government for help
US automaker Ford has asked Berlin for aid but the government is divided on how to help Germany's key but troubled industrial sector. After General...
Troubled GM says it is profitable in China
Troubled General Motors said Wednesday that it was making money in China and was continuing its investments in the large Asian market. "We are continuing...
Financial crisis closes in on GM
The global financial crisis closed in on two more victims Tuesday after General Motors said it would need a government rescue and major US...
Obama, Bush discuss world of challenges
US president-elect Barack Obama met President George W. Bush for face-to-face talks at the White House, with help for the ailing US auto industry...
Golf sponsorship fears as auto giants struggle
The world of golf is heavily reliant on the world's top auto manufacturers for sponsorship and Phil Mickelson fears the USPGA Tour will be...
GM needs federal aid in coming weeks
General Motors is in such dire financial straits that it needs to line up a federal aid package before president-elect Barack Obama takes office...
GM shares plunge after analyst sees them hitting zero
General Motors shares plunged more than 30 percent Monday after an analyst forecast their price would fall to zero, saying that even if there...
GM warns of cash crunch, appeals for bailout
General Motors, the biggest US-automaker, warned Friday that it would run out of cash in the first half of next year and appealed to...
Ford warns of tough times ahead amid heavy losses
Embattled US automaker Ford Motor Co. warned of tough times ahead as it reported heavy financial losses and plans to slash an additional 10...
