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GM Bankruptcy Judge Ends Hearing, Will Weigh U.S.-Backed Sale of Automaker General Motors Corp.’s battle with creditors over its reorganization neared an end yesterday, leaving it up to a bankruptcy judge to decide the fate of a plan to create a streamlined carmaker by selling its best assets to a group led by the U.S. Treasury.

Wiedeking Era at Porsche Runs on Fumes as Volkswagen Takeover Backfires Wendelin Wiedeking, hailed as “the man who outfoxed the market” by Fortune magazine in January, is fighting to save Porsche SE -- and his job -- as a strategy to take over Volkswagen AG unravels.

GM Says Beijing Auto Submits Non-Binding Opel Bid as Magna Talks on Track General Motors Corp. said Beijing Automotive Industry Holding Co. submitted an offer for its Opel division, giving the bankrupt U.S. automaker more options in the event negotiations with Magna International Inc. fail.

British Airways Extends Capacity Cuts, Pushes Back Airbus A380 Deliveries British Airways Plc, Europe’s third- largest airline, will extend capacity reductions, ground planes and delay deliveries of superjumbo aircraft as demand for air travel shows scant signs of rebounding amid the recession.

MAN SE Chief Is `Positive' on Growth Returning as Truck Market Bottoms Out MAN SE’s truckmaking business, Europe’s third-biggest, probably broke even in the second quarter as the market for commercial vehicles showed signs of recovery, Chief Executive Officer Hakan Samuelsson said.

Piaggio Aims to Raise Revenue by Expanding Asian Scooter-Making Operations Piaggio & C. SpA, Europe’s largest motor-scooter maker, plans to increase sales and improve profitability by expanding its two-wheel business in Asia.

Magna May Get U.K. Loans to Buy Opel From General Motors, Mandelson Says Magna International Inc. may be offered British loans to complete the purchase of General Motors Corp.’s Opel division, U.K. Business Secretary Peter Mandelson said.

Ross, Elliott Said to Consider Assets of Bankrupt Auto Supplier Delphi Billionaire investor Wilbur Ross and hedge fund Elliott Management Corp. are considering bids for bankrupt auto-parts maker Delphi Corp.’s assets, two people familiar with the matter said.

Indian Rail, Asia's Oldest, to Buy More Wagons, Build Coaches to Upgrade Indian Railways, Asia’s oldest rail network, will buy new wagons and build more coaches to upgrade infrastructure and compete with highways to carry goods in the world’s second-fastest-growing major economy.

SAIC Stock Leads Gains by China's Automakers on Tax-Reduction Speculation SAIC Motor Corp. led gains by China’s carmakers on speculation that the government may widen tax cuts on cars.

Nippon Yusen Expects China's Demand for Iron Ore Imports to Help Earnings Nippon Yusen K.K., the world’s second- largest ship operator, predicted profit at its capesize division for shipping iron ore will be higher than originally forecast this fiscal year on demand for the steel ingredient from China.