Fiat SpA , the Italian carmaker that helped Chrysler Group LLC emerge from bankruptcy, may wait to turn around the U.S. business before deciding on a share sale or spinoff for its automotive division.
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Europe's biggest carmaker Volkswagen AG says its 2009 net income declined 80 percent to euro960 million , confirming its preliminary estimate released in February.
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The Detroit News reports that ex auto task force chief Steve Rattner recently told an audience at a bankruptcy conference that the state of Michigan and the city of Detroit would have faced municipal bankruptcy if Chrysler and GM were liquidated.
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A US Court of Appeals panel has upheld a judgement that Microsoft infringed on another company's patent with its custom XML tags in Word 2003 and Word 2007. by David Meyer ZDNet UK
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Mobile coupons are coming to mega-retailer Target, which will allow shoppers all over the U.S. to use their mobile handset to get discounts on all kinds of products. by Marguerite Reardon CNET News
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