Indians Planet

DETROIT (Reuters) - A late month surge in sales from Chrysler dealerships that are losing their franchises as part of the automaker's bankruptcy may have driven U.S. auto sales in May to levels above those seen in recent months. ...

Brands Under Fire seeks to figure out just this, with a somewhat unique format.

WASHINGTON (Reuters) - General Motors Corp and the U.S. government finalized plans on Sunday for the battered automaker to reorganize, as a majority of debtholders helped clear the way to a massive bankruptcy filing expected on Monday. ...

DETROIT (Reuters) - General Motors Corp has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history....

BERLIN (Reuters) - A government-orchestrated rescue of struggling carmaker Opel has opened divisions in Chancellor Angela Merkel's conservative alliance only four months before Germany's federal election.

Reuters - A German government-orchestrated rescue of struggling carmaker Opel has opened divisions in Chancellor Angela Merkel's conservative alliance only four months before the country's federal election.

WASHINGTON (Reuters) - A majority of General Motors bondholders have agreed to a debt-for-equity exchange, a source familiar with the voting said on Sunday, helping pave the way for a bankruptcy filing expected on Monday.

BEIJING (Reuters ) - U.S. Treasury Secretary Timothy Geithner, aiming to persuade China that its U.S. investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured. ...

MUMBAI (Reuters) - The Reserve Bank of India said it had asked banks not to provide guarantees or commitments for issues of bonds or debt instruments by companies.

MUMBAI (Reuters) - Sun Pharmaceuticals, India's largest drugmaker by market capitalisation, reported consolidated March quarter net profit of 3.95 billion rupees ($84 million), down 45 percent from a year ago.