The replacement of General Motors CEO Rick Wagoner comes in close step with the Obama administration's preparations to give more aid to the auto industry. Jeremy Hobson reports why Wagoner's departure may be a good political move.
Indian carmaker Tata Motors is launching its Nano today, touted as the world's cheapest car at $2,000. But while the vehicle comes at a time of slow financial growth for India, Raymond Thibodeaux reports it's still a good move economically.
Germany's economic minister met with GM officials on whether the company's European operations can expect financial help. The country is reluctant to aid for fear some cash may end up in Detroit. Christopher Werth reports.
The E.U. is slowing the flow of U.S. biodiesel into Europe. As of today, all American exporters will have to pay a tariff to sell the plant-based fuel over there. Caitlan Carroll reports how much more U.S. biodiesel will now cost in Europe.
There used to be a time when Americans frowned upon going into debt. But historians say that changed nearly 100 years ago. Stephen Smith looks back on how our debt-driven society hit the gas with General Motors.
Rumors are circulating of a few Chinese companies looking to make bids on brands owned by GM, Chrysler and Ford. The move would help China's automakers in their efforts to go global. Scott Tong reports.
The Obama administration's auto team is in Detroit today sussing out uncertainty over General Motors and Chrysler's rescue plans. The government has until March 31 to decide whether to hand over more aid. Ashley Milne-Tyte reports.
Struggling automaker GM has been approaching individual European governments for help. Now the European Union is calling for a crisis meeting with countries that have GM factories. Christopher Werth reports.