Results for auto: 2923

DETROIT auto makers, teetering on the brink of collapse, are receiving strong signals from the White House that short-term help is on the way while a key senator who is an ally of the automotive industry says the relief package could reach US$15 billion for GM and Chrysler.

Dec. 16, 2008 (China Knowledge) - China's Ministry of Commerce (MOC) will adopt effective measures to boost auto export, sources reported, citing Zhi Luxun, vice director of MOC's Department of Machinery and Electronics, as saying.MOC...

THE White House weighed its options on Saturday for preventing a collapse of the troubled auto industry, once the backbone of the United States economy.

Dec. 12, 2008 (China Knowledge) - Changan Automobile Group and Shanghai Automotive Industry Corp (SAIC) are reportedly interested in acquiring Ford Motor Co's Volvo brand, the China Daily reported.Changan Auto and SAIC are likely to...

Sweden's government announced their own auto industry bailout today. The deal, worth an estimated 28 billion kronor ($3.4 billion), consists of emergency loans, funding for research and development, and a credit line.

* U.S. talks on auto bailout collapse * Dollar, Asian stocks tumble * Japan to announce stimulus package, newspaper says * South Korea to expand currency swaps with Japan, China SINGAPORE, Dec 12 - U.S....

PROSPECTS for an auto industry bailout revived in the US Senate yesterday as surprise negotiations on a compromise moved forward and a vote was possible later in the day.

A bill to speed US$14 billion in loans to United States auto makers has passed the House of Representatives, but its prospects remain uncertain because of Republican opposition in the Senate.

* Japan in deeper recession than previously thought * Tokyo considers $216 bln stimulus - report * White House, Congress hammer out U.S. auto package plan * Westpac raising $1.7 bln to shore-up capital HONG...

SHANGHAI, Dec 9 - Chinese car maker Chery Automobile Co has no plan to buy U.S. auto assets, its chairman was quoted as saying by state media on Tuesday. Chery, which secured a 10 billion...