Highlights
A collection of news and information related to Automotive Equipment published by Tribune Company sources.
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Repentant automakers find Congress still skeptical about multibillion-dollar aid plan
Associated Press WriterWASHINGTON (AP) — Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency — and a new dose of humility — for a $34 billion bailout. Without help, said one senator, "we'...Tags: Financial and Business Services, Laws, Chrysler LLC, Ben Bernanke, The White House
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Automakers try to sell Congress on rescue
The Associated PressU.S. automakers drew fresh skepticism from lawmakers today in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive. Congressional analysts said one bailout plan under consideration would fall...Tags: Business Trips, Chrysler LLC, Ben Bernanke, Vehicles, Nancy Pelosi
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Sources: Petty Enterprises in merger talks
The Associated PressPetty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports, The Associated Press has learned. Multiple people familiar with the talks told the AP on Thursday that the two teams were discussing a deal that would...Tags: Mergers, Acquisitions and Takeovers, Richard Petty, Jeff Gordon, Restructuring and Recapitalization, Vehicles
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Czech carmaker Skoda Auto to be closed in 2009 till Jan 11 as demand falls in Western markets
PRAGUE, Czech Republic (AP) — Czech carmaker Skoda Auto AS, a unit of Germany's Volkswagen AG, said Thursday it will not start production in the new year until January 11 because of falling demand, an official said. Skoda Auto spokesman Jaroslav...Tags: Volkswagen, Vehicles, Volkswagen AG
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Wall Street turns cautious ahead of employment report
AP Business WriterA period of relative calm on Wall Street has ended with stocks tumbling in the last hour of trading amid growing investor anxiety about the government's key November employment report. The major indexes have each fallen more than 2.5 percent, including...Tags: Financial Markets, Foreign Aid, Employment, General Motors Corp., Chrysler LLC
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World markets end lower ahead of key US jobs data despite European rate cuts
AP Business WriterLONDON (AP) — World stocks closed modestly lower Thursday, despite hefty interest rate cuts across Europe, as Wall Street retreated in the face of fresh grim corporate and economic news and Friday's November jobs report. Argentina was one of the...Tags: Central Bank, New York Mercantile Exchange, Foreign Aid, Globalization, Dupont E I Nemours & Company
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Wall Street turns cautious ahead of Friday's employment report; Dow industrials tumble 216
AP Business WriterNEW YORK (AP) — A period of relative calm on Wall Street ended Thursday as stocks tumbled in the final hour of trading on growing investor anxiety ahead of the government's November employment report. The major indexes each slid more than 2.5...Tags: New York Mercantile Exchange, Government Debt, Gold and Precious Material, Real Estate Sales, Employment
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Bernanke wants foreclosure relief; economy sinks deeper as layoffs mount, retails sales tumble
AP Economics WriterWASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down...Tags: Financial and Business Services, Employment, Chrysler LLC, Ben Bernanke, Dupont E I Nemours & Company
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People familiar with talks: Petty in discussions to merge with Gillett Evernham Motorsports
AP Auto Racing WriterNEW YORK (AP) — Petty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports, The Associated Press has learned. Multiple people familiar with the talks told the AP on Thursday that the two teams were...Tags: Mergers, Acquisitions and Takeovers, Richard Petty, Jeff Gordon, Vehicles, National Government
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Congressional analysts tell Democrats fuel-efficiency loans won't cover cost of auto bailout
Associated Press WriterWASHINGTON (AP) — A plan to tap fuel-efficiency loans to bail out U.S. auto makers doesn't come close to covering the $34 billion the Big Three say they need to survive, officials say. Budget analysts have told top Democrats privately that...Tags: Foreign Aid, Vehicles, National Government, Government, Harry Reid
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Solar car completes 1st ever round-the-world trip, brings green message to climate talks
Associated Press WriterPOZNAN, Poland (AP) — If a solar-powered car can drive 32,000 miles (52,000 kilometers) around the globe without using a drop of oil, perhaps it can be forgiven for not having a coffee cup holder. Or maybe that makes Swiss adventurer Louis Palmer's...Tags: Global Warming, Ban Ki-moon, Trips and Vacations, Petroleum Industry, Global Change
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Dodd Endorses Financial Assistance For Automakers
Washington Bureau ChiefOpening a hearing this morning on a potential cash-infused rescue of the U.S. automobile industry, Sen. Chris Dodd, chairman of the Senate banking committee, argued in favor of doing something to help -- though he said an auto bailout shouldn't carry...Tags: Richard Shelby, Vehicles, Bankruptcy, National Government, General Motors Corp.
Dec 4, 2008
|Story| Associated Press
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|Story| Hartford Courant
