Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, warning of a national economic catastrophe should they collapse. ...more

November 18, 2008

Hard-line opponents of an auto industry bailout branded the industry a "dinosaur" whose "day of reckoning" is near, while Democrats pledged Sunday to do their best to get Detroit a slice of the $700 billion Wall Street rescue in this week's lame-duck session of Congress. ...more

November 17, 2008

House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto industry, requiring that the industry meet new fuel-efficiency standards, produce advanced vehicles and restructure "to ensure their long-term economic viability." ...more

November 16, 2008

Even as Detroit's Big Three teeter on the edge of collapse, United Auto Workers President Ron Gettelfinger said Saturday the problem is not the union's contract with the automakers and that getting the companies back on their feet means finding a way to turn around the economy. ...more

November 16, 2008

If there was anything certain about the federal bailout of the banking sector, it's that the venture would not stop at the banking sector. Giving out hundreds of billions of dollars in government assistance to one industry is like giving out free beer to the students in one corner of a college campus - it has a way of attracting a crowd. ...more

November 1, 2008

Chrysler LLC could be sold in pieces to other companies as its majority shareholder Cerberus Capital Management LP seeks to exit the auto business, said a person briefed on discussions. ...more

October 23, 2008

As bank-to-bank lending rates gradually slide lower, the credit climate is looking a bit brighter - at least for stronger companies. ...more

October 21, 2008

Mexican officials are trying to persuade Americans to visit Ciudad Juarez, touting the city in a new billboard campaign as a "land of encounters." But on the U.S. side of the border, that sounds like a cruel joke. ...more

October 16, 2008

Auto parts manufacturer Lear Corp. plans to relocate much of the work now being done at its Tampa manufacturing plant to Mexico and China, according to the president of the local United Auto Workers chapter. ...more

September 12, 2008

Corsa Motorsports has announced a revolutionary program aimed at the 2009 American Le Mans Series that will see the Utah-based team field a hybrid-powered Zytek in the LMP1 class. ...more

September 8, 2008