Beijing is trying to boost exports and avert more job losses by giving companies tax breaks and other aid -- a tactic that could anger Washington and other trading partners.
Rejection of both restructuring plans and his abrupt move to muscle out GM's CEO set the stage for a major realignment of the U.S. auto industry.
Inflation in the 16 nations that use the euro hit a record low, growing just 0.6 percent from a year ago as oil prices slumped, the EU statistics agency said.
Toyota, Honda and Nissan are archrivals of GM, Ford and Chrysler, but the Japanese automakers also depend on the U.S. market for a huge chunk of their sales.
Canadian government agrees with President Obama that neither GM nor Chrysler has proposed sweeping enough changes to justify further bailouts.
Procter & Gamble CEO says Obama's budget proposal regarding income made overseas would cost American jobs and give foreign businesses an unfair advantage.
Workers were critical of President Obama's rejection of Chrysler's turnaround plan and looked to a proposed partnership with Italy's Fiat as their company's last chance.
Putin announced nearly $1 billion in government loans for Russia's largest automaker -- a move designed keep the manufacturing giant in business.
Government rejects restructuring plans, sending a message that to survive GM and Chrysler must remake themselves from top to bottom.
GM and Chrysler’s failure to submit acceptable plans to receive more government money increases the likelihood they will file for bankruptcy, a scenario that worries global automakers.
GM CEO became a casualty of government intervention, forced out as part of the Obama administration's last-ditch effort to save the century-old auto giant.
Japanese government is considering offering subsidies for the purchase of hybrid and other energy-saving cars in a bid to stimulate the economy and the auto industry.
Toyota and Nissan expressed hopes for a turnaround in the U.S. auto industry, saying a collapse of the Big Three would be a blow for Japanese automakers.
European Commission said Monday that EU and euro-zone business and consumer confidence dropped again in March to the lowest level in 24 years.
European Union regulators on Monday cleared Spain to give low-interest loans to companies that make fuel-efficient cars or car parts.
Factory output tumbled 9.4 percent from a month earlier, with especially steep cutbacks among makers of motor vehicles and general machinery, the government said.
French government due to announce limits on bonuses and stock options at companies that receive state bailouts, but union leaders say the measures don't go far enough.
Airbus parent company said it is committed to its delayed and troubled military transport aircraft program, but that the original contract needed to be renegotiated.
Michigan governor said GM CEO Rick Wagoner had worked at the automaker for over 30 years and was trying to turn it around when he was ousted by the government.
Labor Department said Friday seven states have unemployment rates that topped 10 percent last month, up from four states in January.
Requirements could go beyond concessions outlined in the terms of the first government loans given to the automakers by the Bush administration, a source said.
Commerce Department reported Friday that consumer spending edged up 0.2 percent in February, following a huge 1 percent jump in January.
Refusal to join program to reduce emissions drew sharp criticism, and fueled views the Bush administration was opposed to global cooperation and environmental preservation.
Preliminary data from six German states indicate consumer prices rose only 0.5 percent in March from a year earlier, the lowest rate of inflation since July 1999.