General Motors Corp and Chrysler seek $22 billion more

General Motors Corp and Chrysler LLC requested nearly $22 billion in additional U.S. government loans and said they had reached tentative deals with the United Auto Workers union to reduce labor costs....

Read more GM, Chrysler seek $22 billion

Source: reuters

World markets take heart from GMAC's $6 Billion bailout

GMAC, the US lender part-owned by General Motors, moved quickly yesterday to widen its lending and boost the country's stricken car industry after receiving a $6billion bailout from the federal government….

Read more World markets take heart from $6 billion bailout


Source: the independent