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Last updated: 08:33:02 Saturday May 2, 2009


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  • GM in talks with China's SAIC to raise cash: sources
    DETROIT (Reuters) - General Motors Corp (GM.N) has been in talks with China's SAIC Motor Corp (600104.SS) about the possible sale of a share of GM's stake in their joint venture or other assets as the U.S. automaker races to raise cash, two sources familiar with the discussions said.   Nations:China   Activities:2008 U.S. Automaker Crisis   Source:(Reuters)   2009-02-11

    Potential collapse of US automakers caps turbulent year
    CHICAGO (AFP) - The potential collapse of the Detroit Three carmakers capped a turbulent year in the global automotive industry in which worldwide sales crashed and iconic brands swapped hands.   Nations:U.S. U.K. India Brazil South Korea   Activities:2008 U.S. Automaker Crisis   2008-12-28

    Chrysler, Ford idle factories, GM delays new plant
    DETROIT - Chrysler is closing all its North American manufacturing plants for at least a month, the starkest move yet taken by U.S. automakers as they anxiously await word about government loans.   Nations:U.S. Canada India   People:Henry Paulson   Activities:2008 U.S. Automaker Crisis   Source:(AP)   2008-12-18

    Big Three survival bailout requests rise to $34B
    WASHINGTON - Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a bailout as large as $34 billion Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline. GM and Chrysler said they needed an immediate cash infusion to last 'til New Year's, and warned they could drag the entire industry down if they fail.   Nations:U.S.   People:Alan Mulally Harry Reid Nancy Pelosi   Activities:2008 U.S. Automaker Crisis   2008-12-02

    Germany looks to aid crisis-hit automakers
    BERLIN (AFP) - Signs grew Sunday that Berlin may do more to help Germany's entire industry a day ahead of a crisis meeting between Chancellor Angela Merkel and executives from cash-strapped Opel.   Nations:Germany   People:Angela Merkel   Source:(AFP)   2008-11-16

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