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United Auto Workers President Ron Gettelfinger said it is critical the Big 3 receive a financial aid package from Congress to avoid one or more of Detroit's auto makers from sliding into a Chapter 7 bankruptcy.
Democratic congressional leaders plan to begin work next week on a financial bailout for the troubled U.S. auto industry.
The push for an auto industry bailout gained momentum as House Speaker Nancy Pelosi said she would bring the House back next week to approve "emergency and limited financial assistance" for the battered industry.
The automotive industry is pushing for an emergency government loan of at least $25 billion to fend off a cash crunch. This so-called bridge loan would be in addition to a $25 billion loan Congress approved in September for the industry. CNBC asked the insiders to weigh in.
Ford Motor's need for government assistance will depend on how rapidly the economy decelerates, but the company is not in immediate need of immediate help, CEO Alan Mulally told CNBC.
Daniel Tishman, Tishman Construction chairman and CEO, shared his outlook for the industry on CNBC's Squawk Box this morning.
A fast and furious as the crude oil market selloff has been, it's far from over, says one expert.
Most U.S. spot natural gas rose Thursday for the first time in five trading days, with gas at benchmark Henry Hub in Louisiana climbing from Thursday's lowest level in nearly a year amid stronger gas futures and concerns about continued shut in Gulf of Mexico production.
Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.
Oil prices, which plunged nearly $6 on Monday as the Wall Street crisis rattled investors, is likely to continue falling even more, experts say.
Two oil rigs broke loose from their moorings in the Gulf of Mexico during Hurricane Ike, CNBC has learned Saturday.
OPEC's decision to for a modest cut in production isn't likely to stop crude prices from heading lower in the coming months, analysts said.
Both presidential candidates support the need to curb greenhouse gases believed to cause global warming, but there are key differences in how they would implement what will eventually be a significant overhaul of the country’s energy infrastructure.
The surging popularity of alternative energy helped Denmark’s wind-turbine maker Vestas to post a 27 percent rise in first-half profits, and CEO Ditlev Engel told CNBC Europe he remains confident that looming energy shortages will make the wind industry more attractive to investors over the long term.
Some of the new tracks…but not a majority…want to take the storm into the western shore of Florida in the Gulf of Mexico by Tuesday. Of course, whenever we are talking about anything 4 to 5 days out, we need to deal with change.
Ford Motor said Thursday its redesigned Ka city car would debut in the upcoming Bond film "Quantum of Solace," scheduled for release in North America on Nov. 7.
Airlines must "change the rules" in order to survive high oil prices and the other challenges the industry faces, said Doug Parker, chairman and CEO of US Airways Group.
Natural gas has many virutes, but recent proposals to encourage demand could boost prices for consumers and petroleum-dependent industries.
European earnings were mixed Thursday, with telecoms reporting results in line or above forecasts, while energy companies and financials posted profit declines or figures below market expectations.
As oil prices pullback and inflation continues to rise, now is the time to invest in mining stocks, two investment strategists told CNBC Wednesday.
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