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AUTO TURMOIL: UAW may give up jobs bank to revive loans (Detroit Free Press)
The UAW is negotiating the possible elimination of its controversial jobs bank and is considering other concessions to help Detroit's automakers win low-cost loans from Congress, people familiar with negotiations said late Thursday.
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Council to consider new-vehicle loans (Fall River Herald News)
FALL RIVER – The City Council is scheduled to discuss $3.8 million in loans to fund a “comprehensive vehicle replacement and maintenance program” proposed by Mayor Robert Correia.
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3rd UPDATE: DOE Secy: May Have Loans For Auto Cos By Yr End (INO News)
WASHINGTON (Dow Jones)--The U.S. Energy Secretary on Wednesday urged Congress to modify rules for $25 billion in plant-retooling loans for cash-strapped auto companies and said the loans could be disbursed by year's end.
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Ailing automakers plead for $25b in loans (Boston Globe)
WASHINGTON - Warning of a doomsday economic scenario, the top executives of the Big Three US automakers made a historic appeal yesterday for $25 billion in loans, telling Congress the money is desperately needed to stave off the collapse of the companies and the direct and indirect loss of millions of jobs.
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Toyota Will Cut 3,000 Jobs in Japan as Car Sales Fall (Update2) (Bloomberg)
Nov. 21 (Bloomberg) -- Toyota Motor Corp. , Japan's biggest carmaker, will cut its domestic temporary workforce by 50 percent as vehicle demand slumps globally.
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Brazil Vehicle Sales -19.2% First 2 Weeks Of Nov-Fenabrave (INO News)
SAO PAULO (Dow Jones)--Light vehicle sales in Brazil continued their sharp declines in the first two weeks of November as tight credit and shorter loan terms have consumers out of the market for new and used cars, the National Federation of Automobile Distributors, or Fenabrave, said Wednesday.
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Alabama governor defends state from UAW criticism (AP via Yahoo! Finance)
Gov. Bob Riley fired back Thursday at the United Auto Workers, which cited Alabama's huge incentives to foreign automakers as an example of why the federal government should approve loans for troubled U.S. car companies.
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Premium Bonds Rate Cut Not Matched For Student Loans - community blog from Roger Elwell (Finextra)
I heard on the radio this morning that the prize fund for premium bonds has dropped. The reason given was because of the drop in interest rates, and so therefore the chances of winning money through this vehicle also had to drop.
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November may be worse, say car firms (Business Standard India)
Sales expected to dip 15% - one of the worst monthly falls. With banks refusing to reduce interest rate on auto loans, car sales are expected to fall by 15 per cent in November — one of the worst monthly falls, at least in the last four years.
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Billionaire family pressed after short-selling VW shares wins reprieve from banks (International Herald Tribune)
The investment vehicle of the German industrialist Adolf Merckle obtained a two-week moratorium from about 30 banks, giving it time to overhaul its finances.
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