xxxx

The sinkhole known as General Motors has decided that it needs to borrow another $2 billion from the U.S. Treasury to remain liquid while it tries to “restructure.”
The latest injection of funding means to date GM has received $15.4 billion in funding.
In a statement, the …

For the first quarter 2009, Ford posted a $1.4 billion loss, however this loss was much less than expected. The only Big 3 autocompany to not accept federal bailout money thinks that it can weather this recession and come out the winner overall.
“Our results in …

The president announced that the government will buy 17,600 cars (including 2,500 hybrids) from American automakers by June 1. The announcement, made today, said $285 million of Recovery Act Funds will be made available to purchase the vehicles for the government fleet.
All the vehicles will …

Thanks to great 4th quarter sales due to its above-average holiday season, Amazon had a good day in trading today, up 13% in late trading.
Analysts have crowned Amazon the online winner of the holiday spending season, at a time when consumers dramatically cut back purchases. …

Today Ford posted its 4Q loss of $5.9 billion, making 2008′s total loss $14.6 billion. This marks the worst loss the company has ever seen in its 100+ years of existence.
Ford said today that even with the loss, it will not seek government bailout money. …