Pocatello Car Dealerships React to Auto Loan Package (KIFI Idaho Falls)

Car dealerships say thanks to lower gas prices, sales of cars are doing better then they were just a few months ago.  Many of the managers say it's too early to tell what each day will bring let alone the future.  But for now, things are steady and moving along.

US car giants in rescue plea (RTÉ News)

The heads of the three big US car makers appeared before a US Senate committee last night in a bid to secure $25 billion in a stopgap loan. The biggest of the three, General Motors, is under extreme financial difficulty and faces the prospect of bankruptcy.

(AFX UK Focus) 2008-11-19 16:47 Romanian govt suspends car tax to protect jobs (Interactive Investor)

BUCHAREST, Nov 19 (Reuters) - The Romanian government has suspended initial car registration tax for a year in a bid to protect jobs in the country's car industry. As the world financial crisis has intensified, concern has grown that Romania's economy is particularly vulnerable to an economic downturn because of a vast external trade deficit and high rates of hard currency borrowing. Bucharest ...

Bush gives ground on car industry bail-out (Guardian Unlimited)

The shifting balance of power in Washington was graphically illustrated yesterday when Barack Obama wrung his first concession from George Bush over the troubled car industry. During an hour-long meeting with President Bush in the White House on Monday, the president-elect had made a plea for a multibillion dollar bail-out for the country's three struggling car manufacturers, Chrysler, ...

George Bush gives ground to Barack Obama on car industry bail-out (Guardian Unlimited)

The shifting balance of power in Washington was graphically illustrated today when Barack Obama wrung his first concession from George Bush over the troubled car industry. During an hour-long meeting with President Bush in the White House on Monday, the president-elect had made a plea for a multi-billion dollar bail-out for the country's three struggling car manufacturers, Chrysler, ...

Opel seeks loan guarantees from German govt (Deutsche Welle)

German finance minister Peer Steinbrueck has confirmed plans for an automotive summit scheduled for Tuesday. He told reporters on the sidelines of the G20 summit in Washington that the meeting would be used to discuss potential aid for struggling car manufacturers.

Cars Opel could get government loan guarantees 17/11 19:45 CET (Euronews)

Opel has been trying to cover itself in case its US parent company General Motors goes bust. GM’s German subsidiary wants government loan guarantees of up to two billion euros from Berlin and from various state governments where it has plants. Opel employs almost 26,000 people in Germany.