General Motors Corp. (NYSE: GM) is closing in quickly on its June 1 deadline to finish overhauling its operations, or opt for Chapter 11 bankruptcy. Because that deadline is actually one week from yesterday (Monday), analysts and investors will be watching GM closely this week.

BEIJING, The People’s Republic of China – At a time when the rest of the global auto sales are experiencing their biggest declines in decades – and are set to drop at least 8% globally – the burgeoning China auto market may grow by 10% or more this year.

Senate rejects auto bailout…  ECB pushes back from the rate cut table…  Goldman and Citigroup predict a dollar fall…  China to continue to appreciate… And Now… Today’s Pfennig!