(Reuters) - General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi-billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions ...
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WASHINGTON -- Detroit's Big Three automakers made a dire request for $34 billion on Capitol Hill Thursday, with General Motors Corp. and Chrysler LLC warning they may not survive without quick help. Automakers got a mixed reception and it was still ...
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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. In an interview ...
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DETROIT -(Dow Jones)- The declining market share of the Detroit auto makers is proving another hurdle in the companies' attempts to secure a federal bailout. In making the case that a $34 billion lifeline from the federal government will sustain the ...
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NEW DELHI: Year-end discounts on car prices continue. After great offers from Maruti and Tata, Hyundai too cut the price of its Santro model by up to Rs 33800, besides offering benefits like free insurance and exchange bonus on other models. "This ...
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New-vehicle buyers are increasingly likely to avoid specific models due to price or gas mileage, according to a new study by Westlake Village-based J.D. Power and Associates. The study said 23 percent of new-vehicle buyers in the United States cite ...
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A bright star just months ago, electric car industry goes into dramatic reverse. In what many will find a surprising turn of events, electric car sales have plummeted this year, plunging the fledgling industry into financial turmoil. Many ...
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