Big Three | featured news

(Image from article: "Surprising Chrysler makes most of second chance")

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Ford's Woes Deepen As Pension Plan Falls $4 Billion Short

Ford Motor Co. may have to contribute $4 billion to its pension plan after a 2008 shortfall, a cash drain that risks dragging the second-largest U.S. automaker closer to a federal bailout.

Ford says does not need government loans

DETROIT (Reuters) - Ford Motor Co posted a deeper than expected quarterly net loss on Thursday, but said it would have sufficient cash to fund its turnaround without seeking government loans, and shares rose in premarket trade.

GM loses top sales spot to Toyota

General Motors is no longer the world's top-selling carmaker after it saw 2008 sales fall below those of Japanese rival Toyota.

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Chrysler, Fiat Hook Up

The struggling American auto maker Chrysler, owned by the private equity firm Cerberus Capital Management, signed an agreement with Fiat on Tuesday that would give the Italian car maker a 35% stake in the company.

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