Markets drop on investor worries about auto firms

Stock markets retreated Tuesday on top of steep losses last week as pessimism about the global economy took a big...

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Using IFRS, Daimler Pins Loss on Chrysler

German-based Daimler AG blamed a good deal of its $1.9 billion fourth-quarter loss on expenses related to its $4...

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Chrysler plan seeks $2 billion more in federal aid, will cut 3,000 more jobs

Chrysler LLC wants an additional $2 billion in federal aid, on top of the $4 billion received to date and the $3...

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Canadian auto industry faces more job losses in the wake of GM, Chrysler cuts

The parking lot at the General Motors Canada Oshawa Car Assembly Plant in Oshawa, Ont., on Tuesday, Feb. 17, 2009....

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GM says it may need up to $30 billion in gov

DETROIT - General Motors and Chrysler asked the government for an additional $14 billion in aid, a dramatic...

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