Auto News 5

The problems of General Motors and Ford Motor in the US have created an uncertain future for the carmakers' European operations. GM is talking to potential investors who could take partial ownership in its Saab brand. Full story...

A key lawmaker who backs emergency loans for the Detroit 3 said today that the resignation of Rick Wagoner as General Motors CEO may be a condition for Congress to provide aid. Full story...

A key lawmaker who backs emergency loans for the Detroit 3 said today that the resignation of Rick Wagoner as General Motors CEO may be a condition for Congress to provide aid. Full story...

Last week, the three domestic automakers headed to Washington in order to present their turnaround plans and ask for billions of dollars in loans to keep them from bankruptcy. Now, the Canadian arms of Ford, General Motors and Chrysler are asking for financial support from the federal and Ontario governments. Full story...

General Motors says it will eliminate eight nameplates by 2012. But determining which vehicles will go isn't as simple as finding eight sales duds in GM's lineups. GM did not release a list of nameplates to be dropped. Full story...

Democratic leaders of Congress indicated this evening they have reached agreement on a bailout plan for the Detroit 3. The accord would provide short-term loans to General Motors, Ford Motor Co. Full story...

General Motors said today it is cutting shifts at three North American assembly plants in response to declining demand in a move that will lay off almost 2,000 union-represented factory workers. Full story...

The German government is looking at various options for possible help for Germany's Opel unit of General Motors and is on track to take a decision on any action by Christmas, a government spokeswoman said on Friday. Full story...

This time, they left the corporate jets at home and drove for hours all the way from Detroit to the steps of the US Capitol in Washington, DC. General Motors' Rick Wagoner brought the production Chevy Malibu hybrid and prototype Volt (and R&D chief Lawrence Burns), Chrysler CEO Bob Nardelli stepped out of a prototype electric Jeep and Ford's Alan Mulally came in a hybrid Escape. Then, as the Senate Banking Committee hearing came to order, they ate humble pie and encountered sceptism. Halfway through the hearings, there's still no guarantee Congress will agree to bail the Big Three out. Full story...

This time, they left the corporate jets at home and drove for hours all the way from Detroit to the steps of the US Capitol in Washington, DC. General Motors' Rick Wagoner brought the production Chevy Malibu hybrid and prototype Volt (and R&D chief Lawrence Burns), Chrysler CEO Bob Nardelli stepped out of a prototype electric Jeep and Ford's Alan Mulally came in a hybrid Escape. Then, as the Senate Banking Committee hearing came to order, they ate humble pie and encountered scepticism. Halfway through the hearings, there's still no guarantee Congress will agree to bail the Big Three out. Full story...

Chrysler LLC CEO Bob Nardelli told a U.S. Senate committee today he would support a merger with General Motors if it became a condition for government support of the Detroit 3 automakers. Full story...

A Tennessee senator today drove a wedge between Chrysler LLC and its Detroit rivals General Motors and Ford Motor Co. when he charged that Chrysler is only asking for money to tide it over until it is bought by a partner. Full story...

General Motors on Thursday requested a second infusion of $4bn in January as it promised to speed cost cutting, including labour, and attempt to reduce its huge debt in return for US government help. Full story...

If Congress demands contrition from the Detroit 3 in exchange for at least $34 billion in emergency federal loans, General Motors CEO Rick Wagoner is offering it. )x("”",We made mistakes,” Wagoner told the Senate Banking Committee today. Full story...

General Motors has suspended construction of a US$450m diesel engine plant in Thailand as the company struggles to save cash in the face of a global demand slowdown. Full story...

General Motors and Chrysler are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. Full story...

General Motors CEO Rick Wagoner will make a visible attempt to impress lawmakers with GM's technology tomorrow morning. He will drive from his hotel to the Russell Senate Office Building in one of GM's prototype electric-hybrid vehicles. Full story...

George Nahas owned only an Oldsmobile dealership when General Motors announced in 2000 that it would kill the brand. So he moved on -- to Saturn. Full story...

General Motors CEO Rick Wagoner will make a visible attempt to impress lawmakers with GM's technology tomorrow morning. He will drive from his hotel to the Russell Senate Office Building in one of GM's prototype electric-hybrid vehicles. Full story...

George Nahas owned only an Oldsmobile dealership when General Motors announced in 2000 that it would kill the brand. So he moved on -- to Saturn. Full story...