| 45 to lose jobs at TRW Automotive plant |
Feb 13th, 2009 |
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R OGERSVILLE, Tenn. — TRW Automotive in Rogersville says about 45 permanent layoffs will take effect by the end of the month — reducing the plant’s employee count to 330. In a state...
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| Ashok Leyland sights revival in demand |
Feb 13th, 2009 |
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CHENNAI: Ashok Leyland has sighted revival of demand for the commercial vehicle segment and hopes to benefit from the two stimulus packages, low interest cost, fall in material prices. The company ...
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| M&M to transfer 2 defence units to separate entities |
Feb 13th, 2009 |
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MUMBAI: Leading utility vehicle manufacturer Mahindra & Mahindra on Friday said it will transfer two of its business units to two separate entities. In a filing to the Bombay Stock Exchange, M&M...
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| Toyota cutting US execs |
Feb 13th, 2009 |
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Toyota Motor Corp. is reacting to the slump in U.S. auto sales by further cutting North American production, slashing executives' compensation up to 30 percent and offering buyouts to about 18,000 wor...
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| Sales of new cars in Europe continue to drop in January |
Feb 13th, 2009 |
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BRUSSELS, Feb. 13 (Xinhua) -- Sales of new cars in Europe plunged by 27 percent in January year-on-year, the European Automobile Manufacturers' Association (ACEA) said here on Friday. A total of 958,...
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| Toyota plans more reductions in North American production |
Feb 13th, 2009 |
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says it is implementing additional measures at its North American manufacturing plants that are designed to further reduce production in the midst of what it has characterized as the “worst auto...
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| Porsche completes mandatory offer for Scania |
Feb 13th, 2009 |
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FRANKFURT -- German automaker Porsche SE said Friday it acquired 7.9 percent of Swedish truck maker Scania AB's shares in an offer it was obliged to make by law. Porsche Automobil Holding SE's offer l...
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| Chrysler says making progress on restructuring plan |
Feb 13th, 2009 |
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WASHINGTON (Reuters) - Chrysler is "fully engaged" and making progress in talks with bondholders and other stakeholders as part of its restructuring plan required under a U.S. government bailout, a se...
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| Chrysler faces equity carve-up; Chicago auto show |
Feb 13th, 2009 |
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Chrysler, Nissan review their joint efforts : Companies trying to ensure financial objectives will be met in deal that has Chrysler building pickup for Japanese automaker and Nissan reciprocating with...
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| US stocks slip as world |
Feb 13th, 2009 |
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All Associated Press news NEW YORK (AP) - Stocks dipped in early trading Friday, with investors anxious about the U.S. economy but hopeful more details will emerge about government efforts to revive i...
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