Ford to slash Mazda stake to raise cashFord Motor Co. is slashing its stake in Japan's Mazda Motor Corp. by nearly two-thirds, joining other struggling U.S. automakers in selling prized assets to stay afloat.
Americans uneasy over bailout for automakersAs Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward companies for pursuing bad ...
Banks and autos undermine U.S. stocksU.S. stocks were tumbling Wednesday afternoon, led by shares in U.S. banks and the big three automakers.
GM shows 3 new models for China General Motors Corp. put three new models for China on show Tuesday, maneuvering to keep its edge in a market vital to its future as it struggles for survival back home.
The massive Buick Enclave SUV, sporty Chevrolet Cruze sedan and zippy but powerful Cadillac CTS-V unveiled in this aspiring auto industry hub in southern China are meant to cover the whole range of potential customers in China _ from the wealthy pleasure-seeker to young professionals buying their first vehicles.
'China is very, very important to us when you talk about the emerging markets,' said Robert Socia, vice president of Shanghai General Motors, one of GM's eight joint ventures in China. 'We're expanding very, very fast here and we're going to continue to do that.'
Bailout with a price: Chapter 11 bankruptcy Mention a corporate bailout in the nation's capital these days and chances are someone will offer a harsh condition to go along with it. Chapter 11 bankruptcy.
Lately, the term 'prepackaged bankruptcy' has been gaining currency in the halls of Congress as lawmakers struggle with pleas for help from the auto industry.
The idea, embraced by some Democrats and Republicans, would extend taxpayer help in exchange for a company undergoing an accelerated Chapter 11 reorganization. The arrangement could represent a model, or a deterrent, for any other strapped companies considering seeking government help.