NEW YORK, March 30 - U.S. stocks slid on Monday as investors booked profits from a recent rally and following the U.S. government's talk of possible bankruptcy at General Motors and Chrysler. * Obama administration...
* Global stocks fall on prospect of automakers' bankruptcy * U.S. dollar, yen rise on renewed risk aversion jitters * Bond prices, gold rise on flight to safety * Oil falls on stronger dollar, sliding...
* Autos slip as bankruptcy threat looms * Banks fall on Spain bailout, Geithner * Dow off 3.4 pct, S&P down 3.3 pct, Nasdaq off 3.1 pct (Updates to midday, changes byline) NEW YORK, March...
* More aid would include new conditions * Task force faces March 31 deadline * GM shares up after hours (no specifics on aid, no deal yet with bondholders) WASHINGTON, March 25 - The Obama...
* Bondholders presented debt-to-equity plan to task force * "Best chance" for out-of-court restructuring of GM DETROIT, March 16 - Advisers to bondholders of General Motors Corp said on Monday they have presented a framework...
Some car brands are still in good shape in the eyes of consumers, despite slow sales.
DETROIT/NEW YORK, Feb 12 - Earlier this decade, General Motors Corp and Ford Motor Co scoured Asia for automotive bargains, capitalizing on the region's financial crisis to snap up assets at fire-sale prices. Now the...
THE Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing US auto industry, the White House said yesterday as carmakers readied more plant closings and a half million new jobless claims underscored the deteriorating national economy.
* Confirms Renault-Samsung pullout scuttled Saturn deal * Foreign automakers want to sell in Penske stores * Expects to sell up to 16,000 Smart cars in 2009, 2010 DETROIT, Oct 30 - Penske Automotive Group...
China's commerce minister Chen Deming says the government is carrying out an investigation on potential dumping of US-made vehicles in the Chinese market, according to Bloomberg news. Chen said October 29 that the investigation was instigated based on requests from Chinese automakers, and it woul...