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The U.S. automakers consider selling Saab and Volvo to the Swedish government or others as a way to pare down brands General Motors' board was meeting on Dec. 1 to review a plan that management hopes will persuade Congress to...
Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent Wall Street plunging once again Monday, hurtling the Dow Jones industrials down more than 679 points and erasing a huge chunk of...
By Soyoung Kim DETROIT (Reuters) - Ford Motor Co said on Monday it was reviewing options for Volvo and could sell the luxury Swedish car brand as it scrambles to shore up cash amid a deep industry downturn. The announcement...
They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford, GM and perhaps Chrysler will also have to address massive debts to persuade a skeptical Congress to loan them...
MILAN (Reuters) - Car makers reported tumbling sales across Asia and Europe Monday as the recession drove buyers from showrooms and drew a warning of more gloom for next year. In France, headline sales at PSA fell more than 17...
BRUSSELS, Belgium -- European Union finance ministers on Monday took a first look at a proposed euro200 billion ($252 billion) economic stimulus package to counteract a deepening economic slowdown _ a plan the 27 EU leaders are...
Published: Dec. 1, 2008 at 3:12 PM DETROIT, Dec. 1 (UPI) -- Ford Motor Co. said it was reviewing its position on Swedish car company Volvo Car Corp., which it purchased in 1999. As the Ford struggles with declining sales, it...
NEW YORK (AFP) - Wall Street stocks plunged Monday, giving back most of their gains from the past week, amid bleak economic news from around the globe including confirmation of a recession in the United States.
DETROIT/WASHINGTON (Reuters) - U.S. automakers led by General Motors Corp on Monday rushed to finish restructuring plans demanded by Congress before lawmakers reopen the debate this week on the $25 billion in emergency funding...
