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Ford asks for $9 billion line of credit (AP)
AP - Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have enough money to make it through next year without government help.
Stocks bounce back after steep selloff (AP)
AP - Wall Street rebounded Tuesday, regaining some of the ground lost in the previous session's huge drop, as the potential for a bailout of the beleaguered auto industry helped calm investors. The Dow Jones industrials rose more than 225 points, regaining a third of Monday's nearly 680-point plunge.
Ford, Toyota, Honda US sales drop more than 30 pct (AP)
AP - Ford's U.S. light vehicle sales tumbled 31 percent in November, while Toyota's plunged 34 percent and Honda's dropped 32 percent, dashing hopes that the industrywide drop in vehicle demand might be easing as Detroit's automakers prepare to state their second case for a federal bailout.
