Auto News 5

If the Detroit 3's cash and credit crises don't send the companies over the edge, a political stalemate on Capitol Hill could provide the final shove. Full story...

After the dismal reception Washington lawmakers gave Detroit 3 CEOs and UAW President Ron Gettelfinger last week, I found myself saying, "This isn't the way Lee Iacocca did it in 1979.' Full story...

With federal bailout money on the line, Chrysler CEO Bob Nardelli last week gave the world a peek at his private company's finances. The picture behind the veil wasn't pretty. Chrysler is running on fumes and may run out of cash by year end. Full story...

General Motors Europe is reaching out beyond Germany in search of government help to avoid a liquidity crisis if its US parent goes bankrupt. Full story...

Some of Washington's bailout schemes have the same desperate elements that led to the creation of British Leyland in 1968. Full story...

In their almost gleeful calls for the death of the domestic auto industry, some U.S. senators and other critics of the Detroit 3 have suggested rampant incompetence and utterly failed business models. Full story...

A bankruptcy filing by a Detroit 3 automaker would kill many of its dealerships quickly even if the company successfully reorganizes, dealers' lawyers predict. Full story...

A collapse of General Motors would leave its European operations -- led by Opel -- in need of a need a partner or new owners to survive. But who would that be? Full story...

Toyota will lose money in Europe for the first time since its 2001-2002 fiscal year unless unit sales rise sharply in early 2009. Full story...

Europe's troubled car industry hopes to get some help soon from the EU and its 27 member governments. Full story...

Ford of Europe will remain profitable next year despite an )x("”",unprecedented” economic downturn, its boss said. John Fleming, Ford of Europe CEO, said he expects overall new-car sales to be 15 million in Europe, 2. Full story...

The dark cloud that hangs menacingly over Detroit seemed light-years away on Monday, Nov. 17, as Honda Motor Co. CEO Takeo Fukui celebrated the opening of an assembly plant in Indiana Full story...

The economic crisis is cutting into Renault's European new-car sales, but Renault Retail Group General Manager Gilles Messier says the company-owned dealer network remains on track heading into 2009. Full story...

GMAC Financial Services could end up in bankruptcy court if it fails to get government bailout money, says Standard and#38; Poor's, the credit rating agency. But a GMAC spokesman said the possibility of bankruptcy is "pure speculation." Full story...

Could GM, Chrysler or Ford survive a bankruptcy filing? Could the domestic industry? The CEOs of the Detroit 3 answered with an emphatic "no" last week when some Washington lawmakers broached bankruptcy and#x2014; even a quick, prepackaged one... Full story...

Porsche has just released photos of their new four-seat Panamera grand touring car, which will join the Boxster, Cayenne, Cayman and 911 models next year. The German performance automaker says that the model combines sporting driving dynamics, a spacious interior, and the supreme comfort of a Gran Turismo. Full story...

Volvo's next-generation S60 concept is set to be unveiled at the Detroit Motor Show early next year as a fairly clear indication of what the 2010 production model will look like. A photo has been released, showcasing a daring, sleek and exciting silhouette. A tapered 'double-wave' beltline runs the length of the car from the headlight to taillight, rising slightly to accommodate the large turbine-shaped wheels and fenders surrounding them. Full story...

Romain Grosjean, the first GP2 Asia Series champion and fourth in this year's main GP2 series, looks likely to return to the support category in 2009. Full story...

Neel Jani (Switzerland) and Adam Carroll (Ireland) are the winners at Sepang, Malaisia. Ireland takes the lead in provisional classification. Full story...

Since Honda decided a few years back that their mid-size Accord in North America should be different (read: bigger) than the one sold in the rest of the world, its rivals don't have much choice but to follow the same path. Full story...