GM Offering Incentives in Wake of GMAC Bailout
December 30, 2008 - General Motors has announced a zero financing incentive on certain 2008 and 2009 models after GMAC received $6 billion from the federal government in a bailout package.

Dealer Groups Downgraded
December 28, 2008 - On December 24, the top five automotive dealer groups in the United States received a downgraded investment status from Standard Poor's on the basis of industry wide pressures.

Subaru Sees Improved Sales
December 24, 2008 - In market full of gloom and doom, Subaru of America is a shining beacon, with sales numbers on the rise, and record setting numbers for three of its cars.

GM, Chrysler Receive Aid in Canada
December 22, 2008 - The troubled auto giants General Motors and Chrysler LLC will receive loans from the Canadian government equivalent to $3.3 billion American to shore up their operations in that country.

Bush White House Agrees to Auto Bailout
December 19, 2008 - After weeks of tense waiting, General Motors and Chrysler received the news this morning from the White House that as much as $17.4 billion will be made available to them immediately to prevent their collapse.

Chrysler Idles Plants for a Month
December 18, 2008 - In response to spiraling sales, global credit woes, and the failure of the federal government to extend bridge loans to the industry, Chrysler will close its plants for a month as of Friday.

Detroit Waits as White House Considers Next Move
December 17, 2008 - The White House continues to debate an automotive bailout with funds to be drawn from the Troubled Assets Relief Program while the beleaguered Detroit automakers wait.

Toyota Freezes U.S. Prius Production
December 16, 2008 - In a decision geared toward cost cutting and reflective of reduced hybrid sales due to lowered gasoline prices, Toyota elected on December 15 to halt plans to produce the Prius hybrid in the U.S.

Automakers Dig Deep to Cut Expenses
December 15, 2008 - While General Motors and Chrysler wait for news from the Bush White House about a bailout, the companies are trimming every cost possible to stave off potential collapse before year's end.

Senate Rejects Auto Bailout Package
December 12, 2008 - In the wake of the Senate's rejection of a proposed $14 billion bailout for GM and Chrysler, the Bush White House is considering using TARP funds to rescue the companies.

Aid Packages Passes in Houses, Faces Tougher Senate
December 11, 2008 - A bailout package to prevent the collapse of General Motors and Chrysler passed the House of Representatives on Wednesday, December 10, but faces rougher going in the Senate.

Auto Bailout Deal Reached
December 10, 2008 - A deal in principle has been concluded between Congressional Democrats and the Bush White House to supply $15 billion in aid to General Motors and Chrysler under the direction of a "car czar."

Pelosi Hopeful Auto Aid Package Will Pass
December 09, 2008 - As negotiations continued on Monday, December 8 to design a $15 billion loan package for General Motors and Chrysler, House Speaker Nancy Pelosi said she was "encouraged" that a viable bill would be achieved.

Perino Outlines White House Criteria for Auto Bailout
December 08, 2008 - In outlining the White House criteria for an automotive bailout, Press Secretary Dana Perino said an overseer with the ability to compel bankruptcy proceedings was key to establishing long-term viability.

Outlook for Auto Industry Bailout Pessimistic
December 05, 2008 - In a round of testimony on Capital Hill on Thursday, December 4, lawmakers seemed unmoved by pleas from the Detroit Big Three, signaling the potential collapse of one or more of the companies.

Wagoner Changes Tone in Second Round of Senate Hearings on Automotive Aid
December 04, 2008 - Speaking with a tone of near contrition, General Motors CEO Rick Wagoner admitted to corporate mistakes before the Senate Banking Committee today in hopes of gaining support for a federal bailout.

Humbled Auto Execs Return to Washington
December 03, 2008 - The chief executives of the Detroit Big Three are driving to Washington in hybrids bearing financial plans they hope will sway lawmakers and garner massive federal loans to prop up the American auto industry.

Ford Says No Profit Before 2011
December 02, 2008 - In a plan prepared for Congress to qualify for federal loans, Ford said it does not predict a profit before 2011, but hopes to turn around its financial position without accessing loan funds.

GM Plans Sale of European Assets
December 01, 2008 - In an effort to raise badly needed operating capital, General Motors is said to be planning the sale and leaseback of its office complexes in Europe.