UAW to renegotiate labor terms, suspend jobs bank (AP)

UAW chief unhappy with pace of American Axle talks (AP)
AP - The president of the United Auto Workers says he is optimistic that the union can settle several contracts in Michigan with General Motors Corp.

Recession Hits Toyota
Unless we think U.S. automakers are alone in their troubles, Toyota announced today that it will see its first ever operational loss this year and has lowered net profit expectations to just...

Most Asian markets fall on gloomy economic outlook (AP)
AP - Asian stock markets were mostly lower Monday as a U.S. pledge to loan troubled automakers $17.4 billion failed to ease worries about a deteriorating world economy.

Cheney says Congress failed struggling automakers (AP)
AP - Vice President Dick Cheney blamed Congress for failing to bail out the auto industry, saying the White House was forced to step in to save U.S. car companies.

Paulson: 'Orderly' auto bankruptcy might be best (AP)
AP - The Bush administration is convinced the ailing economy could not withstand the demise of Detroit's Big Three and is looking at "orderly" bankruptcy to keep the automakers from...