International Business News - autos http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif After a six-hour hearing before the Senate Banking Committee, General Motors Corp. Chairman and CEO Rick Wagoner sat down for a short interview with The Associated Press and expressed optimism that a deal can be reached to help his company through its cash shortage. http://www.ibtimes.com/articles/20081204/q-a-with-general-motors-ceo-rick-wagoner.htm Thu, 04 Dec 2008 20:14:07 EST For more than two decades, many autoworkers who lose their jobs have been able to enjoy one of the best unemployment benefits in the nation: receiving nearly full paychecks without even leaving home. http://www.ibtimes.com/data/articleimgs/189113-autos-uaw.jpg http://www.ibtimes.com/articles/20081204/some-autoworkers-can-get-paid-without-leaving-home.htm http://www.ibtimes.com/articles/20081204/some-autoworkers-can-get-paid-without-leaving-home.htm Thu, 04 Dec 2008 19:19:14 EST Shares of some top autos companies were down at the close of trading: Daimler AG fell $.53 or 1.7 percent, to $29.83. http://www.ibtimes.com/articles/20081204/final-glance-autos-companies.htm Thu, 04 Dec 2008 17:58:48 EST General Motors Corp. Chairman and CEO Rick Wagoner emerged Thursday from a six-hour hearing before the Senate Banking Committee optimistic that a deal can be reached in Congress to help his company survive a critical cash shortage. http://www.ibtimes.com/data/articleimgs/189090-congress-autos.jpg http://www.ibtimes.com/articles/20081204/gm-ceo-wagoner-optimistic-after-senate-hearing.htm http://www.ibtimes.com/articles/20081204/gm-ceo-wagoner-optimistic-after-senate-hearing.htm Thu, 04 Dec 2008 18:59:01 EST A U.S. senator is questioning whether the federal government should loan money to Chrysler LLC, saying that the cash would just keep it in business long enough to be sold. http://www.ibtimes.com/data/articleimgs/189003-aptopix-congress-autos.jpg http://www.ibtimes.com/articles/20081204/senator-pans-money-for-chrysler-if-its-for-sale.htm http://www.ibtimes.com/articles/20081204/senator-pans-money-for-chrysler-if-its-for-sale.htm Thu, 04 Dec 2008 15:38:19 EST Federal loans for the domestic automakers are crucial to keep the national recession from becoming a depression, Gov. Jennifer Granholm said Thursday. http://www.ibtimes.com/articles/20081204/mich-governor-says-automaker-loan-is-critical.htm Thu, 04 Dec 2008 15:59:35 EST As the heads of the Big Three auto makers appeared before Congress to ask for financial help, Ford employees in Louisville rallied for their employer. http://www.ibtimes.com/articles/20081204/ky-gov-ford-workers-rally-for-automaker-aid.htm Thu, 04 Dec 2008 13:44:07 EST Shares of some top autos companies are mixed at noon: Daimler AG rose $.04 or .1 percent, to $30.40. http://www.ibtimes.com/articles/20081204/midday-glance-autos-companies.htm Thu, 04 Dec 2008 13:12:19 EST Embattled auto company chief executives scored some points with Congress by driving--instead of flying--to the hearings on a possible federal assistance package. http://www.ibtimes.com/articles/20081204/ceos-drive-to-dc-for-hearings-questions-persist.htm Thu, 04 Dec 2008 13:11:24 EST Shares of some top autos companies are mixed at 10 a.m.: Daimler AG fell $.18 or .6 percent, to $30.18. http://www.ibtimes.com/articles/20081204/early-glance-autos-companies.htm Thu, 04 Dec 2008 10:46:53 EST Senate Banking Committee chairman Christopher Dodd has come out in favor of federal financial help for the troubled auto industry. The Connecticut Democrat stated his position Thursday as the heads of the Big Three car makers in Detroit returned to Congress to plead with lawmakers for some $34 billion in assistance. http://www.ibtimes.com/articles/20081204/dodd-endorses-financial-assistance-for-automakers.htm Thu, 04 Dec 2008 10:25:20 EST Among the premarket stories for Thursday, Dec. 4, from AP Financial News: NEW YORK (AP)--As executives for the U.S.-based automakers return to Capitol Hill Thursday it's uncertain if they'll get the full financial bailout that they've asked for, though an analyst thinks General Motors Corp. and Ford Motor Co. could be granted the funds and credit line they want. http://www.ibtimes.com/articles/20081204/premarket-roundup-autos-housing.htm Thu, 04 Dec 2008 10:12:37 EST As executives for the U.S.-based automakers return to Capitol Hill Thursday it's uncertain if they'll get the full financial bailout that they've asked for, but General Motors Corp. could be granted the funds it says it needs to make it through the rest of the year while Ford Motor Co. could get a credit line it wants, an analyst said. http://www.ibtimes.com/articles/20081204/ahead-of-the-bell-auto-executives-in-washington.htm Thu, 04 Dec 2008 08:46:30 EST Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency--and a new dose of humility--for a $34 billion bailout. Without help, said one senator, "we're looking at a death sentence." http://www.ibtimes.com/data/articleimgs/188588-congress-autos-ceo-travel.jpg http://www.ibtimes.com/articles/20081204/automakers-plead-with-congress-votes-lacking.htm http://www.ibtimes.com/articles/20081204/automakers-plead-with-congress-votes-lacking.htm Thu, 04 Dec 2008 20:20:08 EST The head of the nation's largest automaker took perhaps the most important car ride of his life Wednesday, traveling 500 miles, mostly over highway through four states, to Washington, D.C., where he will ask Congress for a second time to save his slumping company. http://www.ibtimes.com/data/articleimgs/188385-aptopix-congress-autos-ceo-travel.jpg http://www.ibtimes.com/articles/20081203/us-automakers-ground-jets-for-trip-to-washington.htm http://www.ibtimes.com/articles/20081203/us-automakers-ground-jets-for-trip-to-washington.htm Wed, 03 Dec 2008 23:40:35 EST Shares of some top autos companies were mixed at the close of trading: Daimler AG rose $.46 or 1.5 percent, to $30.36. http://www.ibtimes.com/articles/20081203/final-glance-autos-companies.htm Wed, 03 Dec 2008 17:54:53 EST To understand how much the auto industry means, look no farther than this city that has been churning out Jeeps since World War II. That's the message from Chrysler LLC leaders who are fanning out across the nation over the next few days to make their case about how important the industry is for the U.S. economy. http://www.ibtimes.com/data/articleimgs/188118-meltdown-autos.jpg http://www.ibtimes.com/articles/20081203/chrysler-execs-rally-support-for-aid-at-ohio-plant.htm http://www.ibtimes.com/articles/20081203/chrysler-execs-rally-support-for-aid-at-ohio-plant.htm Wed, 03 Dec 2008 17:42:47 EST Imperiled automakers and their union worked feverishly Wednesday to sell a skeptical Congress on a $34 billion aid plan, promising labor concessions and restructuring. The Senate's Democratic leader said there still weren't enough votes to tap the $700 billion federal bailout fund to prop up the foundering Big Three. http://www.ibtimes.com/data/articleimgs/188362-automakers-bailout.jpg http://www.ibtimes.com/articles/20081203/carmakers-pitch-plans-before-pivotal-hearings.htm http://www.ibtimes.com/articles/20081203/carmakers-pitch-plans-before-pivotal-hearings.htm Wed, 03 Dec 2008 21:18:40 EST Shares of some top autos companies are mixed at noon: Daimler AG rose $.13 or .4 percent, to $30.03. http://www.ibtimes.com/articles/20081203/midday-glance-autos-companies.htm Wed, 03 Dec 2008 14:23:36 EST The United Auto Workers said Wednesday it is willing to change its contracts with U.S. automakers and accept delayed payments of billions of dollars to a union-run health care trust to do its part to help the struggling companies secure $34 billion in government loans. http://www.ibtimes.com/data/articleimgs/187982-meltdown-autos-uaw.jpg http://www.ibtimes.com/articles/20081203/uaw-to-restart-contract-talks-end-jobs-bank.htm http://www.ibtimes.com/articles/20081203/uaw-to-restart-contract-talks-end-jobs-bank.htm Wed, 03 Dec 2008 17:17:21 EST