US [updated 10:45GMT]: Senate shoots down auto rescue package
Hopes of a pre-Christmas rescue of Detroit's Big Three automakers – in particular General Motors and Chrysler which are fast…
Should Congress approve a Big Three 'bailout' (federal loans package)?
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US [updated 15:45GMT]: White House signals auto loan turnaround
The Bush White House on Friday morning [EST] signalled a turnaround and said it would now consider using some of…
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GERMANY/JAPAN/UK: Bailout failure spooks investors
Share prices of European automakers and related industries fell sharply on Friday morning as news of the Senate collapse of…
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US: GM and Chrysler face “immediate cash crisis”
General Motors and Chrysler face an immediate cash crisis in the aftermath of the Senate's rejection last night of a…
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US: GM retains bankruptcy advisers
General Motors did hire advisers to consider bankruptcy but the board decided a filing was not an option, the automaker…
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US: Treasury rules out TARP funds for automakers
The Treasury Department last night insisted a $700bn bailout fund approved earlier by Congress was unlikely to be used to…
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US: Automaker bailout bill rejected in Senate vote
A bill that would provide federal government aid to Detroit automakers passed its first hurdle in the House of Representatives…
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US: Bailout bill heads for the House today
A $15bn Detroit Three bailout deal finally agreed between the Bush White House and congressional Democrats last night is headed…
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US: GM staff lobby to keep CEO
General Motors staff have been lobbying Congress to keep CEO Rick Wagoner in charge of their beleagured employer. Some Republican…
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US: Negotiations continue over auto bail-out
The Bush White House still needs assurances Detroit's automakers would survive after a $15bn federal bailout, it emerged last night.…