Motoring News
20 December 2008Canada follows US with auto aid package
The Canadian and Ontario governments announced they would follow the United States in providing C$4 billion in emergency loans to the Canadian arms of Detroit's ailing automakers to keep them operating while they restructure their businesses
read moreRescue package for British car maker 'weeks away'
Ministers are drawing up a bailout package for Jaguar Land Rover worth hundreds of millions of pounds but it is unlikely be offered to the stricken company for several weeks.
read moreExporters feel weight of the yen
Japanese exporters were in focus this week as investors weighed a strengthening yen, a profit downgrade by Honda and continued uncertainty about the US carmakers'...
read moreDetroit given three months to find salvation
The next three months will be a wrenching time for every player in the North American motor industry as the Detroit carmakers seek to prove their long-term -viability...
read moreBeleaguered carmakers climb amid bail-out relief
Wall Street stocks were on course yesterday for their second consecutive week of gains after President George W. Bush unveiled long-awaited plans to stave off imminent...
read moreThree months to save Detroit
The next three months will be a wrenching time for every player in the North American motor industry as the Detroit carmakers seek to prove their long-term -viability...
read moreLast chance saloon
Applause please, for the president. Yesterday morning George W. Bush neatly sidestepped a problem that had threatened to add a disastrous coda to his time in office...
read moreReluctant president backs $17.4bn loan deal
President George W. Bush looked disconsolate yesterday as he set out the conditions for one of the biggest industrial interventions in US history - $17.4bn...
read moreBeleaguered carmakers climb after bail-out news
Apparently minimal movements for Wall Street stocks masked another wild week, capped yesterday with the long-awaited rescue of the US car industry. General...
read moreReluctant Bush finally gives backing to $17.4bn loan
President George W. Bush looked disconsolate yesterday as he set out the conditions for one of the biggest industrial interventions in US history - $17.4bn...
read moreBush bails out GM and Chrysler to hand Detroit crisis to Obama
George W. Bush yesterday handed the fate of US carmakers to president-elect Barack Obama as he announced plans to lend General Motors and Chrysler $17.4bn to survive...
read moreDeals On Wheels
Sashaying down off the mountain slopes into Geneva at the wheel of Rolls-Royce's dramatic new Phantom Coupe; making the annual pilgrimage to the Le Mans 24 Hour race...
read moreWhat the bail-out means for each stakeholder
Wages and work rules must be "competitive" with non-union, foreign-owned plants in the US by the end of 2009. Half of companies' contributions to new...
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