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Well, somebody in this proposed alliance has the wrong idea about how things are going to play out. The big question is who. The Italian automaker Fiat said Friday that it won't assume Chrysler LLC debt — current or future — in deal for a 35-percent stake, contradicting statements from Chrysler's chief executive that it would...

What's another $5 billion among friends? The Obama administration moved on Thursday to stabilize the American auto industry by creating a $5 billion fund to support troubled parts suppliers. The Treasury Department said the program would guarantee payments to suppliers for products shipped to ailing car companies...

Fox Business obtained a copy of a letter from Chrysler CEO Robert Nardelli to employees and contractors about the restructuring plans. Give the letter a read and let us know what you think. Does it make sense?..

Same story, two different takes. On CNNMoney.com it says: DETROIT -(Dow Jones)- Chrysler LLC won't need additional federal funding to run its operations if it succeeds in securing $5 billion in low-interest loans by the end of the month. The $5 billion will help Chrysler work through the crucial July shutdown period when U.S...

General Motors, which has warned for months that it was running low on cash to operate, did a surprising about-face Thursday and said it would not need $2 billion before the end of the month after all. The Detroit automaker, which is operating on $13.4 billion in federal loans and seeking $16.6 billion more, had said it needed the money before the end of March. Not that this gets GM out of the woods by a long shot, but it's a lot better news than could have been reported on a Friday the 13th...

We won't turn the corner suddenly with the economy, but we will turn the corner. you just have to look for the positive and build on it. That's why the headline "Retail Sales Show Some Stabilization" should catch your eye...

As reported in the Altanta Business Chronicle... United Auto Workers union members at Ford Motor Co.’s U.S. plants have ratified concessions in the union’s labor contract with the company and changes to retiree health care funding...

Not exactly the picture that comes to mind when you think of hybrid vehicles is it? Kenworth has announced an order for 185 hybrid trucks from Coca-Cola, the truck manufacturer’s largest-ever hybrid truck order. The 150 diesel-electric tractors and 35 hybrid trucks will be on the road this year...

Before a new day dawns you have to have a few glimmers on the horizon. That's why it was nice to see this Forbes.com story today... Kia Motors America said Tuesday its February U.S...

We're still struggling to find that equilibrium point where our demand, the supply, and prices of cars starts the sales flowing again. There are plenty of cars out there to buy, so that supply curve is moving to the right, but our demand curve has moved to the left. Prices have to drop...