November's U.S. vehicle sales at General Motors and Chrysler plunged more than 40 percent, and Ford's sales dropped 31 percent, crushing hopes that the industrywide drop in vehicle demand might be easing as the U.S. automakers prepare to state their second case for a federal bailout. ...more

December 3, 2008

Today, Detroit automakers take a second run at Congress to persuade lawmakers to give them $25 billion in federal aid, but their agendas are diverging as they contemplate futures as drastically different car companies. ...more

December 2, 2008

In October, Porsche announced that it had acquired a nearly 43 percent stake in Volkswagen with an option to buy 32 percent more. Without anybody noticing, Porsche, maker of scarcely 100,000 cars per year, had cornered a 75 percent position in VW, which cranks out nearly 6 million vehicles. ...more

November 27, 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

WASHINGTON (AP) - The nation's unemployment rate is at a 14-year high, General Motors reported a massive third-quarter loss and says it may run out of cash next year, and Ford is planning more job cuts after burning through billions of its own. ...more

November 9, 2008

General Motors is edging closer to running out of money, as slumping sales and deteriorating economic conditions drove the automaker to a larger-than-expected loss of $4.2 billion in the third quarter, excluding a one-time gain. ...more

November 8, 2008

The nation's unemployment rate is at a 14-year high, General Motors reported a massive third-quarter loss and says it may run out of cash next year, and Ford is planning more job cuts after burning through billions of its own. ...more

November 8, 2008

Wall Street joined stock markets around the world in a huge sell-off Friday, sending major market indexes to their lowest levels in more than five years on the belief that a punishing economic recession is at hand. A grim outlook from electronics maker Sony helped trigger the selling, and another bleak forecast from the automaker Daimler added momentum to the drop. ...more

October 25, 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

The chief executive of Chrysler LLC said Monday that his company hasn't reached any new deals with other automakers but has spoken with outside parties interested in working with the Dodge and Jeep maker. ...more

October 14, 2008