789 franchises are slated to go out of business tonight. Chrysler arranges for leftover inventory to be sold to surviving dealerships at a loss. And GM dealers wrestle with contract issues.
Less than a month ago, the troubled automaker sent notice to about a quarter of its dealerships that it would reject their franchise agreements in [...]

by Staff Writers
Washington (AFP) June 23, 2009
The US government will loan 5.9 billion dollars to Ford Motor Co. and 1.6 billion dollars to Japanese automaker Nissan to invest in improving the fuel economy of their US-built vehicles, officials said Tuesday.
The loans are the first awarded out of a 25-billion-dollar program to help automakers meet upcoming [...]