The US Senate has rejected a compromise deal that would see Detroit’s Big Three get $14 billion in bailout money. In this case, GM and Chrysler can’t make it past the New Year and this doesn’t affect the US but the whole world where these companies trade, have factories, dealers, workers and other peripheral suppliers.

Audi of America Inc. recently declared that they are going to advertise during the 2009 Super Bowl, after the succes recorded at this year’s game by driving record traffic to their website. Audi will broadcast a 60-second spot during the first quarter of the Feb. 1 game.

Company spokesman Andrew Lipman declined to say what Audi [...]

General Motors, the largest U.S automaker has just revealed the plan it has submitted to Congress today. It shows how far GM is willing to go in order to secure bridge loans from the federal government.

The plan includes the possible sale of Saab, killing Saturn and scaling back Pontiac, as well as reducing dealers and [...]

Ford Motor Co., the firt of the Detroit 3 to submit its plan to qualify for federal aid, declared that they don’t expect to make money until at least 2011.

What happends before 2011? Well,according to a news release, Ford expects global and North American auto businesses to reach break-even or be profitable on a [...]

The U.S. auto sales decline of a least 25 percent for November 2008, as tight credit and concerns about the Detroit 3’s survival kept demand at the lowest levels in a quarter century. This drop seems to be the industry’s 17th in the past 18 months.

The reports should go out tomorrow when General Motors, Ford [...]

According to Bill Vlasic, the american giant General Motors originally had talks with Ford about a possible merger before approaching the Pentastar people. This story comes after the GM/Chrysler pseudo-bombshell from Friday night.

The New York Times also wrote an article about the merger discussions, reporting that GM approached Ford with the proposal but the FoMoCo [...]