DESPERATE US automakers ran into fresh obstacles from skeptical lawmakers yesterday as they appealed with rising urgency and a new dose of humility for a US$34 billion bailout. Without help, said one senator, "We're looking at a death sentence."
GREENSBORO, N.C., Dec 2 - The White House said on Tuesday that it was sticking with its position that ailing automakers must prove their viability before receiving government aid, as the industry's top three companies...
Struggling U.S. automakers will have to work hard to persuade skeptical lawmakers that they deserve federal bailout funds to enable them to stay in business, Sen. Arlen Specter said on Tuesday.
Automakers seeking government help return to Congress this week with a new message but facing the same hurdles they failed to clear in November -- a proposal that can be sold to enough lawmakers and a White House long skeptical of bailing out the distressed industry...
U.S. automakers led by General Motors Corp on Monday rushed to finish restructuring plans demanded by Congress before lawmakers reopen the debate...
ATLANTA, Nov 17 - As the U.S. Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward...
WASHINGTON, Nov 12 - Lawmakers plan to question chief executives of stricken U.S. automakers on their pleas for an industry bailout, while the Bush administration responded coolly on Wednesday to an aid plan being shaped...
Lawmakers plan to question chief executives of stricken U.S. automakers on their pleas for an industry bailout, while the Bush administration responded coolly on Wednesday to an aid plan being shaped by Democrats.
Nov 25 - Chinese car maker Beijing Automotive Industry Holding Corp (BAIC) said on Wednesday it was reassessing the situation after a consortium it belonged to dropped a bid to buy General Motors' Saab unit....
* Weak won, free trade deals give Korean exporters edge * Japan carmakers jittery about new govt's forex policy * Toyota, Honda, Nissan combat yen with flexible production * Fundamental strength still favours Japan brands-analyst...