| US Treasury assumes free rein on finance, auto rescues |
Jan 3rd, 2009 |
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financial meltdown since the Great Depression.In the statement, the Treasury outlined the principles of the program under which it rescued ailing banking giant Citigroup on November 23.Under TIP, the ...
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| Chrysler receives $4 billion federal loan |
Jan 3rd, 2009 |
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The money is expected to pay suppliers, payroll and other operating expenses at the Auburn Hills automaker.As it lobbied for federal loans, along with cross-town rival General Motors Corp., Chrysler s...
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| Chrysler Receives $4 Billion Federal Loan To Continue Funding Operations |
Jan 3rd, 2009 |
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"This initial loan will allow the company to continue an orderly restructuring, while pursuing our vision to build the fuel-efficient, high- quality cars and trucks people want to buy, will enjoy dr...
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| Toyota hopes to ride high on its green car taking shape secretly |
Jan 3rd, 2009 |
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Tokyo: The Toyota Motor Corporation is secretly developing a vehicle that will be powered solely by solar energy in an effort to turn around its struggling business with a futuristic ecological car, a...
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| Chrysler receives $4 billion in emergency funding |
Jan 3rd, 2009 |
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Chrysler LLC was handed $4 billion in Federal government funding Friday.
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| Ford Sales Stall, Off 35% |
Jan 3rd, 2009 |
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Last updated: 1:12 amJanuary 3, 2009 Posted: 1:05 amJanuary 3, 2009 Ford Motor Co. said US auto sales industrywide fell 35 percent to 40 percent last month, meaning total purchases of cars and light t...
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| Glint of hope seen in 2009 outlook for auto industry |
Jan 3rd, 2009 |
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Despite dire auto sales predictions for 2009 -- some analysts are forecasting the worst year in more than two decades -- there are glimmers of hope that the market might begin stabilizing after a toug...
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| Auto dealers struggle to stay in business |
Jan 3rd, 2009 |
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"When I talk to my counterparts in other parts of the country, most of them have seen significant numbers of dealers already close," said Scott Roth, president of the Greater Louisville Automobile Dea...
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| GMAC forfeits 0%-interest exclusivity |
Jan 3rd, 2009 |
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GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors Corp. financing incentives, as part of the complex deal that gave the ...
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| Chrysler receives $4 billion US government loan |
Jan 3rd, 2009 |
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Chrysler has received the first payment of a US government bailout. The initial loan to the car makers is worth $4bn.Under terms of the agreement, manufacturers will have to submit restructuring plan...
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