| South Korea turns down GM funding plea |
Feb 13th, 2009 |
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SEOUL, South Korea -- South Korea has turned down a plea for government funds from the local arm of beleaguered U.S. automaker General Motors, the company said Thursday. GM Daewoo Auto & Technology Co...
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| Iraqi Government OKs Mitsubishi To Join Shell In Gas Deal |
Feb 13th, 2009 |
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. Shahristani met a Shell executive and officials from the state-run South Gas Company, an affiliate of the Oil Ministry, in Baghdad Wednesday, the official said. The minister would meet a delegatio...
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| Obama honors Lincoln at |
Feb 13th, 2009 |
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Abraham Lincoln was shot inside Ford's Theatre, honoring the "hallowed space" on the eve of the 16th president's 200th birthday. Hollywood stars and Washington power brokers celebrated the theater'...
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| Renault made operating loss last year |
Feb 13th, 2009 |
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French car maker Renault has reported an operating loss for 2008. It said it would focus on freeing up cash this year to cope with even worse market conditions ahead. Contributions from firms in whic...
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| Renault posts second-half net loss as auto sales down |
Feb 13th, 2009 |
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PARIS -- France's Renault SA said Thursday it fell to a 982 million euro ($1.27 billion) net loss in the second half of 2008 and expects the outlook to darken further as the economic crisis ravages ca...
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| Renault sees 78% fall in profit |
Feb 13th, 2009 |
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French carmaker Renault has reported a steep fall in profit and abandoned its targets for 2009, blaming an economic crisis "of massive proportions". The company announced a net profit of 599m euros (...
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| 2010 Kia Forte Up Close |
Feb 12th, 2009 |
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The Kia Forte will replace the automaker's Spectra when it hits dealerships this summer, and it makes a break from the Spectra's soft styling with creased body lines and angular headlights and...
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| Auto dealers praise tax break in stimulus bill |
Feb 12th, 2009 |
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WASHINGTON -- The nation's auto dealers on Thursday praised a slimmed-down version of a tax break for new car buyers as part of a $789.5 billion stimulus bill. The Senate passed an $11 billion tax pro...
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| Nissan to cut 20,000 jobs |
Feb 12th, 2009 |
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Japan's Nissan Motor Co said yesterday it would cut 20,000 jobs after forecasting its first loss in nine years. The company said it expects an operating loss of 180 billion yen ($1.97bn) in the year t...
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| Nissan, Honda slash grad recruits |
Feb 12th, 2009 |
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Nissan Motor Co. and Honda Motor Co. will drastically reduce the number of new graduates they hire in spring 2010 as automakers reel from the global sales slump and sharp appreciation of the yen, comp...
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