| Chrysler, GM may be forced into bankruptcy |
Feb 19th, 2009 |
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February 10, 2009 By Mike Ramsey and Tiffany Kary General Motors (GM) and Chrysler may have to be forced into bankruptcy by the US government to assure repayment of $17.4 billion (R169 billion) in fed...
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| Advance Auto Parts 4Q Net Falls 30% On Inventory Write-Down |
Feb 19th, 2009 |
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Advance Auto Parts Inc.'s (AAP) fourth-quarter net income dropped 30% on an inventory write-down, but strong commercial sales and an extra week helped the company post a double-digit sales increase.
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| Tough Decisions Loom Over US Auto Industry |
Feb 19th, 2009 |
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-(Dow Jones)- Two troubled car makers are once again thumping out a menacing tune as they demand yet more taxpayer money, threatening dire consequences if it isn't forthcoming.
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| Stocks end little changed on worries about economy |
Feb 19th, 2009 |
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All Associated Press news NEW YORK (AP) - Investors took scant comfort Wednesday from the government's plans to revive the housing market and overall economy.Wall Street ended with only modest changes...
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| Most Americans reject more loans for automakers |
Feb 19th, 2009 |
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In the survey, taken by Rasmussen Reports, 24% of those surveyed said they favor the government loaning the automakers additional money. The phone survey of 1,000 likely voters was taken Monday and Tu...
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| EIB may boost loans to ailing auto sector |
Feb 19th, 2009 |
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(BRUSSELS) - The European Investment Bank is to consider lending seven billion euros in the first half of the year to help the ailing auto sector to produce greener cars, a bank spokesman said Wedn...
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| Chrysler asks for another $2B, layoffs planned |
Feb 19th, 2009 |
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Chrysler LLC says it is asking for another $2 billion U.S. from the U.S. government to combat what it calls an "unprecedented economic decline."Chrysler also said it would lay off another 3,...
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| GM to intensify talks with UAW and bondholders |
Feb 19th, 2009 |
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DETROIT --General Motors Corp. expects to intensify talks about reaching money-saving concessions from the United Auto Workers and bondholders now that the automaker's restructuring plan has been file...
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| Man pinned between two cars in parking lot accident |
Feb 19th, 2009 |
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A bout 50 people in a Brookline Trader Joe’s parking lot watched in horror this morning as first responders rescued a man who was struck by a car and pinned against another vehicle. During a dr...
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| Large pothole on I-980 Oakland off-ramp damages cars |
Feb 19th, 2009 |
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OAKLAND - A pothole 8 inches deep and more than a foot square has damaged at least one vehicle this morning, according to the California Highway Patrol.The pothole, located on the 27th Street off ramp...
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