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WASHINGTON (Reuters) - The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying $5 billion in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors by $1 billion.
The action was the latest in a lengthy series of emergency government moves aimed at [...]

WASHINGTON (Reuters) - GMAC LLC won U.S. approval on Wednesday to become a bank holding company, giving it access to government lending programs and helping it stave off bankruptcy.
The Federal Reserve’s approval should allow GMAC to continue financing loans for General Motors Corp cars. GM Chief Executive Rick Wagoner said last week that GMAC’s difficulties [...]

WASHINGTON (Reuters) - A proposed bailout of U.S. automakers failed in the Senate on Thursday night, raising the specter of an industry collapse that sent Asian markets reeling and sparked fears it could deepen the recession.
“It’s over with,” Senate Majority Leader Harry Reid said of congressional efforts this year just before the Democratic proposal to [...]

Democratic members of US congress and the White House have reached agreement on emergency aid for US car manufacturers, Reuters news agency reports quoting two senior congressional aides.
The outline of the $15bn-$17bn package was reached after executives of car-manufacturing companies pleaded with congress members for help and data showed that more than 533,000 jobs had [...]

(Reuters) - General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions.
In response to automakers’ bailout plea, staff for three members of Congress have asked restructuring experts if a pre-arranged bankruptcy — [...]

NEW YORK (Reuters) - General Motors Corp, whose chief executive was blasted last week by U.S. lawmakers for flying on a private jet to ask for public funds, has asked the U.S. Federal Aviation Administration to prevent public tracking of a jet it leases.
“We availed ourselves of the same option as others have,” to have [...]

WASHINGTON (Reuters) - Chief executives of distressed U.S. auto companies sought a $50 billion federal bailout on Thursday to survive a financial crisis blamed on a worsening economy and the “near collapse” in demand for cars.
Rick Wagoner of General Motors Corp, Alan Mulally of Ford Motor Co and Bob Nardelli of Chrysler LLC wore heavy [...]

TOKYO (Reuters) - Honda Motor Co said its profits would be lower than expected due to a deepening financial crisis that has hammered demand for cars and sent the yen soaring, while U.S. rivals sought government aid to fund a proposed merger to survive a shrinking market.
Carlos Ghosn, chief executive at rival Nissan Motor Co, [...]

DETROIT (Reuters) - U.S. automakers Chrysler LLC and General Motors Corp are pushing for a quick merger deal ahead of the U.S. presidential election as sales continue to plummet and they cannot gain access to credit, a Detroit newspaper reported on Saturday.
According to The Detroit News, senior executives at GM and private equity group Cerberus [...]

DETROIT (Reuters) - General Motors Corp said it was not considering bankruptcy protection as market turmoil continues and Barclays Capital said on Friday that the company’s cash needs were increasing.
Barclays cut its share-price target on GM to $4 on Friday, renewing potential pressure on the largest U.S. automaker.
GM shares fell as much as 16 percent [...]