--
 
New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

Big 3 bailout hits dead end

2008-12-12 06:34

Washington - A proposal to bail out the US auto industry and avert the threatened collapse of one or more auto companies failed in a procedural vote in the Senate on Thursday night.

The Democratic plan to extend $14 billion in loans to Detroit faltered when supporters failed to get enough support in a procedural vote.

The White House said it would evaluate its options in light of the collapse of the bailout legislation in Congress.

General Motors Corp and Chrysler LLC had sought billions of dollars in immediate aid, while Ford Motor Co asked for a hefty line of credit.

"It's over with," Senate Majority Leader Harry Reid said before calling the vote that required the support of 60 members to advance the measure to final consideration. Senators failed before the vote to reach a last-minute compromise.

NEXT ON WHEELS24X

There are new stories on the homepage. Click here to see them.