Executives from the Big Three auto companies were sent back to Detroit to assess where they went wrong in congressional hearings in Washington, D.C., in which they failed to make their case that the industry should get a $25 billion bailout. (Today)
WASHINGTON -- Democratic leaders began laying out conditions today that they say Detroit's Big Three automakers need to meet before Congress will consider giving them an emergency $25 billion lifeline. (Yesterday)
DETROIT -- General Motors Corp. will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent. (Yesterday)
WASHINGTON -- A Democratic Congress, unwilling or unable to approve a $25 billion bailout for Detroit's Big Three, appears ready to punt the automakers' fate to a lame-duck Republican president. (11/20/2008)
DENVER -- GMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the government's $700 billion bank rescue plan. (11/20/2008)