| Plant closures, more job cuts at GM feared |
Feb 7th, 2009 |
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General Motors Corp. must close plants and announce deeper job cuts as part of the cost-cutting plans it and Chrysler LLC are to submit to the U.S. Treasury in 10 days, industry experts say, but conti...
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| Pre-owned car prices down by whopping 30% |
Feb 7th, 2009 |
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BANGALORE: It’s just the time for you to step on the accelerator and rev up those engines. For this economic downturn has come with a silver lining. Close to 1,000 second-hand cars have floode...
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| Chrysler to idle sites next week |
Feb 7th, 2009 |
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Chrysler LLC, which posted a sales decline of 55% in January, will idle four assembly plants next week and restore production at three others but on shorter schedules.
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| Europe must act soon to avoid car industry catastrophe |
Feb 7th, 2009 |
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Europe must act soon to avoid car industry catastrophe The European Union is dithering while its car industry faces a challenge so desperate it could lead to the bankruptcy of some of its most import...
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| Toyota predicts net loss in current fiscal |
Feb 7th, 2009 |
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Toyota Motor Corp, the world's largest automaker, Friday slashed its earnings prognosis for the third time, now predicting a net loss of 350 billion yen ($3.8 billion) for the business year that ends March 31.
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| Toyota sinks into loss, forecasts more red ink |
Feb 7th, 2009 |
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TOKYO -- Toyota, the world's largest automaker, sank into a loss for the fiscal third quarter and lowered its forecast Friday for the full year to a 350 billion yen (US$3.9 billion) net loss, blaming ...
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| Kia mini MPV concept |
Feb 7th, 2009 |
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Believe it or not, there are people out there who still won’t consider a Kia or Hyundai branded vehicle, despite the fact that half their street probably drives one of these cars.
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| Venezuela monthly car sales fall to lowest since 2005 |
Feb 7th, 2009 |
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By Matthew Walter CARACAS, Venezuela (Bloomberg): Venezuelan car sales fell to their lowest level in almost four years last month as government restrictions on automobile imports reduced supply. Sales...
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| U.S. weighs new auto industry help, no decision yet |
Feb 7th, 2009 |
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WASHINGTON (Reuters) - The Obama administration is talking with U.S. auto industry about more help, but no decisions are expected until General Motors Corp and Chrysler LLC submit turnaround plans to ...
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| * Toyota Motor expects first annual net loss since 1950 |
Feb 7th, 2009 |
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PHOTO: AP Toyota sank into the red for the October-to-December quarter and said yesterday it was heading for its first annual net loss since 1950 because of plunging global automobile sales and a st...
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