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The Automotive news reports that the U.S. auto parts industry (suppliers to GM, F) is asking for  $20.5 billion in federal aid to survive the depression.
Neil De Koker, president of the auto supplier lobbying organization has stated that suppliers are asking for $10 billion in direct loans from the U.S. Treasury Department
The US taxpayer has  [...]

There’s been some speculation on GM today amid rumors of Shanghai Automotive Industry Corporation (Group) (SAIC). The deal, which was originally reported by the Chinese news site www.nbd.com.cn, was later officially denied by SAIC.
Another Chinese News Source, 21st Century Business Herald, later reported that Chinese state-owned companies such as Shanghai Auto and Dongfeng may have [...]

The latest from US congressman Ron Paul
“This week the bailout of the Big Three automakers was under heavy consideration in Congress’s lame duck session. I have always opposed government bailouts of private organizations. Back in 1979 Congress had hearings about bailing out Chrysler and I was on record pointing out that these types [...]