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...
Dec. 4, 2008 (China Knowledge) - Brilliance China Automotive Holding Ltd (Brilliance Auto)<1114>, the first Chinese auto maker listed outside mainland China, announced late Tuesday that it will sell 1.314 billion new shares to its...
WASHINGTON, Dec 3 - Senate Majority leader Harry Reid wants to try to find a way to avert threatened bankruptcies in the U.S. auto industry with Detroit Three chief executives readying for a make-or-break hearing...
WASHINGTON, Nov 21 - Any congressional bailout of the distressed U.S. auto industry is not intended to be "life support," but doing nothing "is not an option," House Speaker Nancy Pelosi said on Friday. "We...
NEW YORK, Nov 21 - Plunging U.S. auto sales have slammed the metals industry, but the sector expects an eventual boost from a trend toward greener cars, although the mix of metals used will change....