Financier Sir Evelyn de Rothschild says all of us - countries, corporations and consumers - have neglected basic principles and calls for quick action to remedy the situation.

US President George W Bush meets China's Hu Jintao, ahead of an Asia-Pacific summit dominated by the financial crisis.

EU Competition Commissioner Neelie Kroes tells France and Germany not to start a "subsidy race" to save the car industry

Asian markets plummet after New York's main share index slumps to its lowest level in five years, amid recession fears.

Democrats and Republicans clash over funding for a $25bn (£17bn) bailout plan to help the Big Three US car firms.

More doubts have been raised about chances of a US car industry rescue plan being approved by Congress soon.

US Democrats say the $700bn bail-out should include help to rescue the car industry, contradicting the treasury chief.

US carmakers GM and Ford report hefty losses and both look to reduce their payrolls in order to cut expenses.

The Detroit car makers fight to survive the recession.

Struggling US car giants General Motors and Chrysler are in talks about a possible merger, US media say.

The Wallonia region is desperate to change its poor image and prosper within a united Belgium, says Henri Astier.

Carmakers at the Paris motor show are scathing about the US government's decision to help out American car companies with cheap loans.

The global car industry prepares to party the night away at the Paris motor show in an effort to suppress the way most ordinary people are focusing more on their next mortgage payment than on their next car.

Global output by Japan's top three carmakers picked up in July, reflecting strong demand despite the global economic slowdown.

Talks between German car maker BMW and Italy's Fiat could result in the use of common parts for their Mini and Alfa Romeo brands.

The full text of US presidential candidate Barack Obama's speech in St Paul, Minnesota.

Tata, set to buy Jaguar and Land Rover from Ford, is not only India's largest industrial group but an automotive giant with global ambitions.

Ford leads most carmakers in posting a drop in US sales as credit worries put consumers off making big purchases.

A US judge upholds Vermont's strict state law on CO2 emissions from cars, in a blow to US automakers.

Japanese carmaker Toyota is to restart production at some of its production lines closed by the recent earthquake.