Fiat courted a merger with Chrysler and planned to buy GM of Europe, which includes Opel of Germany and the British auto company Vauxhall. This was going to possibly make Fiat the second largest global auto company after Toyota. Fiat’s grand plans have been foiled by the Canadian parts manufacturer...

The head of the European Union, Czech President Mirek Topolanek, slammed President Barack Obama’s plan to spend $2 trillion dollars to push the US economy out of recession as “the road to hell” that EU governments must avoid. This was the strongest pushback yet, from a European leader,...