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…
