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For Car Companies, It Was a Year to Forget
General Motors closed out its centennial year having to ask the U.S. taxpayers for loans to survive. Chrysler closed out its first full year owned by a private equity firm by hiring bankruptcy lawyers. And Toyota's miserable U.S. performance led the Japanese company to project its first worldwide operating loss since the end of World War II, and to the likely ouster of its chief executive.

2008: Year in Review
Editor’s note: The following is a month-by-month recap of some of the top newsmaking events of 2008.

For car companies, 2008 was a year to forget
A dismal December caps off the auto industry's worst year since 1992. Cars outsold trucks and SUVs for the first time since 2000.

Detroit 3 look for midyear sales boost in stimulus aid
Sales conditions in the automotive industry are likely to remain brutal -- especially for the next three months -- but Detroit's automakers are hopeful that the U.S. economy will get a boost soon from a new federal stimulus package and begin to turn the corner by midyear.

China: strategy to beat global financial crisis: jobs, politics, banking, forex, wealth
How is global financial and economic crisis reshaping world politics, finance, banking, trade and outsourcing? Profiting from rising Chinese trade, yuan and stock market? How do over a half million international companies make profits in China?

Steve Parker: Car sales, 2008; even worse than we thought
Monday brought three conference calls, each about an hour, with executives from each of the Detroit Three announcing, dissecting and, most of all, spinning, their...

US car sales at worst level in 15yrs
The latest car sales figures in the United States confirm that manufacturers have had their worst results in 15 years.