Tata Motors ties up with UBI for passenger car loans

Stocks fall as White House rejects GM, Chrysler plans
Markets react negatively as Washington takes an aggressive stance on the automakers, which may go into bankruptcy. Hints of more trouble among banks also help reverse the recent Wall Street rally. The stock market's version of March Madness was cut short today as the specter of bankruptcies in the domestic automobile industry and still-deep woes in the banking sector pummeled share prices.

The rough road ahead for GM
After months of asking General Motors for a roadmap to profitability, President Obama Monday told the ailing car company: Move over, I’m driving. By John W. Schoen.
President Barack Obama toughens conditions for car aid
President Barack Obama promised that he would not allow America's motor manufacturing industry to vanish but demanded more "painful" concessions from workers at General Motors (GM) and Chrysler.
Tata Motors ties up with UBI for passenger car loans
Auto maker Tata Motors today said it has tied up with public sector lender United Bank of India for providing retail finance facilities to customers buying its passenger vehicles.