Unions are all-powerful in Europe, and GM dropping the sale and the resultant job losses could wind up looking like a huge defeat for Germany and the entire EU.

The old saw is that "what's good for General Motors is good for America" and that's why the Magna International bid for GM's European operations is unlikely to succeed.

Cars are not longer just big business; companies have to build vehicles, but also be able to create multilateral partnerships which include workers, politicians, civil servants and investors.

No lack of topics this week on our general interest live call-in automotive talk show - General Motors approaches bankruptcy, or maybe is in it already. Chrysler leaves bankruptcy this weekend ... but will Fiat really buy all their assets?

FRANKFURT — Italian car company Fiat SpA and Canadian car parts maker Magna International Inc. are both interested in a stake of German carmaker...

Here's some of what's happening, mostly with GM, in Europe and Asia, two markets outside the U.S. hit hardest by the slowing automobile business.

In a major win for all consumers, Democrats in the House of Representatives voted Thursday to put Rep. Henry Waxman of California in charge of a key p...