$14 Billion U.S. Auto Bailout Talks Collapse in the Senate

A $14-billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night...

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Source: International Herald Tribune

GM, Ford and Chrysler Plead for $34B from Congress

The CEOs of the leading automakers were back before Congress Thursday, arguing for a larger bailout than they asked for just two weeks ago, and hoping to undo the damage they did to their case at the earlier hearings...

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Source: CNN Money

Platinum Prices Drop to $769 Per Ounce This Week

The U.S. and European automobile industries are screeching to a halt, and they're leaving behind a string of casualties -- not all of which are obvious...

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Source: Moscow Times

General Motors Cuts Production, Give Up Two Jets

Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets...

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Source: Reuters