White House draws on TARP for 'bridge to a bridge' Detroit bailout

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…

US: No car czar yet

The White House decided to leave the question of a 'car czar' – a federal appointee to oversee aid to…

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…

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…

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…