The Bush administration is attempting to dampen expectations for immediate government action to save America's troubled car manufacturers. White House Press Secretary Dana Perino responds to a reporter's question at the White House, 16 Dec 2008 Two...
Some Republicans in the U.S. Senate say they will block a plan to rescue the country's three major auto companies. Meanwhile, new claims for unemployment benefits reached their highest level in 26 years. Sen. Richard Shelby, center, accompanied by,...
Representatives of the White House and the Congress say they are making progress in negotiations on rescuing the embattled U.S. auto industry. Meanwhile, stock prices in New York have ended a two-day surge. U.S. Senate Majority Leader Harry Reid say...
U.S. auto company executives returned to Capitol Hill Friday to renew appeals for billions of dollars in emergency loans. They faced skeptical questions from members of the House Financial Services Committee dissatisfied with the automaker's restruc...
With congressional hearings set Thursday and Friday of this week in advance of a vote on lending money to the beleaguered U.S. auto industry, General Motors says it needs money almost immediately. VOA's Barry Wood has more on the controversy over go...
Top executives from the three major U.S. automakers pressed Congress for aid to prevent their beleaguered industry from collapsing and causing additional harm to the U.S. economy. Lawmakers are considering an aid package to automakers, but prospects...
By Brian Padden Flint, Michigan 26 April 2007 These are hard times for parts of the American Midwest where the American auto industry is centered. Competition from Asian automakers, outsourcing, and automation have, over the years, forced American co...
By Mil Arcega Washington, DC 11 January 2007 watch US Auto Show Hollywood celebrities such as Carmen Elektra are adding glamour and excitement to the event. You know, entertainment merging with automobiles, music, fashion. It's really cool. I think...
By Mil Arcega Washington, DC 20 September 2006 watch GM Ford Talks report A leading trade publication says General Motors and the Ford Motor Company explored the idea of a potential alliance in July. Although Automotive News reports discussions betw...
By Anjana Pasricha New Delhi 09 September 2006 Top Asian automobile companies are planning large investments in India to meet growing global demands for compact cars. India has both the consumer demand and production capability to attract carmakers....