BEIJING-Faced with rising unemployment and growing social unrest, the Chinese government plans to spend some $580 billion over the next two years on low-income housing, rural infrastructure, water, electricity, transportation and the environment. MORE
WASHINGTON-U.S. President-elect Barack Obama is reportedly urging President George Bush to pass a second stimulus package to help the U.S. economy in general and the ailing auto industry in particular. MORE
TOKYO-Honda has unveiled an experimental walking device that lets people's legs still do the walking while taking take some of the weight off leg muscles and joints. MORE
DEARBORN, MI-Despite burning through $16 billion in cash during the first nine months of 2008, Ford Motor Co. CEO Alan Mulally says the company's reserves of $29.6 billion in cash and credit will be enough to survive until 2010. MORE
INGOLSTADT, Germany-Luxury carmaker Audi AG plans to extend the Christmas break at its German factories to trim output amid the widening global financial crisis. MORE
ST. PETERSBURG, Russia-General Motors Corp. has opened its first Russian assembly plant, a $300 million facility with an annual capacity of 70,000 vehicles. MORE
AUBURN HILLS, MI-Chrysler is offering to buyout approximately 2,400 employees at its assembly plant in Belvidere, IL, making it the 20th Chrysler factory to receive buyout offers since September. MORE
DEARBORN, MI-Ford Motor Co. lost another $129 million in the third quarter of 2008. In addition, the company says it has cash reserves sufficient to carry it through only seven more months of operation. MORE
WASHINGTON-Can President-elect Barack Obama deliver on his campaign promise to help the American automotive industry make the transition to fuel-efficient cars. MORE
CAMBRIDGE, Ontario-Bucking the trend of manufacturing closures, the German luggage-making company Rimowa has opened a new plant in Canada to produce suitcases. MORE
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