China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
US auto rescue would include govt equity- Chrysler
PALM DESERT, Calif., Nov 13 (Reuters) - Chrysler Chief Executive Bob Nardelli said on Thursday that he expects any U.S. government bailout of the U.S. automakers to include a government equity stake in the companies.
Nardelli also said a portion of the $25 billion of low-interest loans already approved for automakers to make capital expenditures toward improving fuel economy should be allowed to fund a shared development center. (Reporting by Kevin Krolicki)
