US: December market headed under 10m units SAAR
The deteriorating economy, the precarious employment situation and the lack of available credit will push the annual sales rate in…
White House draws on TARP for 'bridge to a bridge' Detroit bailout
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US: No car czar yet
The White House decided to leave the question of a 'car czar' – a federal appointee to oversee aid to…
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CANADA: Auto aid package follows US announcement
Canada at the weekend said it would follow the neighbouring United States by providing C$4bn (US$3.3bn) in emergency loans to…
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US: GM and Chrysler get fed loans
President Bush has announced that his administration will provide US$13.4bn in short-term loans to GM and Chrysler. The money will come from…
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US: Bush won’t allow “disorderly collapse”
President George W Bush will not allow a "disorderly collapse" of the US automakers, a White House spokeswoman said on…
