| China crafting auto consortium plan |
Feb 26th, 2009 |
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SHANGHAI -- China plans to build up a "Big 10" group of globally competitive automakers, led by General Motors Corp. partner Shanghai Automotive Industrial Corp., an industry association said Wednesda...
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| Cash level more crucial in GM |
Feb 26th, 2009 |
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A Bloomberg News survey of analysts predicts GM's operating loss, which excludes onetime charges, will be $26.83 a share for the year and $7.85 per share for the fourth quarter.
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| Nissan to ease output cuts in March |
Feb 26th, 2009 |
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TOKYO — Nissan Motor Co said Thursday that inventory levels have dropped low enough to ease domestic production cuts in March. Facing plunging sales, Nissan said earlier this month that shif...
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| United Road connects A, B for Web car buys |
Feb 26th, 2009 |
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ROMULUS -- When someone buys a car online from eBay Motors or OPENLANE, getting the vehicle from point A to point B likely involves United Road. The car hauling company derives about $30 million in re...
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| Toyota plans to roll out small car by 2010 |
Feb 26th, 2009 |
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BANGALORE: Global auto major, Toyota, on Monday said that it is planning to come out with its small car for the Indian market by end of 2010.
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| Subaru-Toyota compact project is on hold |
Feb 26th, 2009 |
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The sporty compact car Subaru and Toyota were developing together has been put on hold because of the worldwide economic slowdown, both companies confirm.
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| Visteon may breach loan deals |
Feb 26th, 2009 |
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After reporting its eighth-straight annual loss, Visteon Corp. said Wednesday it could breach its loan agreements, raising more questions about whether the troubled spinoff of Ford Motor Co. would hav...
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| Toyota to cut annual output to 6.3 million |
Feb 26th, 2009 |
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THE ASSOCIATED PRESS TOKYO -- Toyota Motor Corp. aims to make 6.3 million vehicles in the fiscal year starting in April, a 27 percent drop from its peak output last fiscal year, Kyodo news agency r...
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| Market players ready to take a ride on auto stocks |
Feb 26th, 2009 |
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MUMBAI: After downgrading Indian automobile stocks in 2008, market players have started looking at them again. Manish Sonthalia, fund manager, portfolio management services, Motilal Oswal has autom...
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| Visteon edges closer to bankruptcy |
Feb 26th, 2009 |
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After reporting a $663 million loss in 2008 and watching its stock fall to 13 cents a share, analysts said a bankruptcy filing by Visteon Corp. could be triggered by March 10 when the company's next l...
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