Auto News Archive
02-Dec-2008
- 'Rockstar Using SecuROM for PC Grand Theft Auto IV (PC World via Yahoo! News)
Thou shalt not offend law-abiding computer gamers with frivolous strictures, I think that's a commandment somewhere. Whether CD/DVD copy protection tool SecuROM counts as frivolous, feckless, or downright frightening is debatable, but at least Rockstar's being up front about its inclusion in the Windows version of Grand Theft Auto IV, which ships tomorrow. According to Rockstar by way of IGN: - 'Auto Sales Likely Fell on Economy, Bankruptcy Concern (Update2) (Bloomberg)
Dec. 1 (Bloomberg) -- U.S. Auto sales probably fell in November when buyers shunned showrooms as the economy weakened and pleas for federal aid by General Motors Corp. - 'The Obstacles the Big 3 Auto Makers Must Overcome (Fox News)
Detroit's auto makers will have a tough case to prove when they return to Washington, DC. - 'Data points to deep downturn in Europe, auto sector in job distress (AFP via Yahoo! News)
A new set of grim figures pointed to a deepening downturn in Europe on Monday after officials painted a somber picture for Japan and a top auto chief warned of "massive" job losses in the vehicle industry. - 'Big Three Auto Companies Fine Tune Plea For Aid (NPR)
For decades, America's Big Three auto companies have been an integral part of the economy. Now, struggling to survive, they are pleading for a federal bailout. For more, Farai Chideya speaks with Jerome Vaughn, news program director for WDET in Detroit. - 'Eyes turn to auto start-ups' funding, aid requests (CNET)
Auto start-ups join the Big 3 auto companies in looking to raise money through outside investments or government aid. The public isn't giving either group a free ride. - 'Platinum, Palladium Prices Fall on Outlook for Lower Auto Sales (Bloomberg)
Dec. 1 (Bloomberg) -- Platinum and palladium plunged in New York on concern that demand for catalytic converters that use the metals may decline further because November U.S. auto sales probably fell as the economy weakened. - 'What Happens To Retired Auto Workers Now? (NPR)
The grim situation in the auto industry has current and former workers concerned. Retired auto workers and those who took a recent buyout are wondering whether their pensions and health benefits are in jeopardy. - 'Nissan Motor to Sell $500 Million in Auto Loan Bonds (Update2) (Bloomberg)
Dec. 1 (Bloomberg) -- Nissan Motor Co. ?s finance unit plans to raise $500 million in the first sale of U.S. auto-loan bonds since U.S. Treasury Secretary Henry Paulson said the government would shift the focus of his financial-industry rescue package toward bolstering investment in consumer debt. - 'Roadblock: Debts May Prevent Auto Bailout (CBS News)
They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford, GM and perhaps Chrysler will also have to address massive debts to persuade a skeptical Congress to loan them money.
Back to Auto News Archive
