Latest Auto Industry News | Car News - Auto News - Loans - Buying Cars

Latest Auto Industry News

Last Updated: Oct 4, 2008

Ford selling stock to pay debt - Oct 3, 2008
Ford
Ford Motor Co. said Friday it is selling 500 million dollars in stock to retire short-term debt owed by Ford Motor Credit.... Read More..
Electric vehicles spark at Paris car show - Oct 3, 2008
Auto Shows
Carmarkers rolled out a slew of electric models at the Paris motor show Friday, with a view to filling dealer showrooms by 2012 when new European legislation on curbing emissions kicks in.... Read More..
Government aid to automakers is not a bailout - Oct 2, 2008
Ford
Government loans awarded to three major US automakers are justified as they need them to meet new environmental regulations, Ford chief executive Alan Mulally said Thursday.... Read More..
Paris motor show opens amid industry gloom - Oct 1, 2008
Auto Shows
The world's biggest car show was to open Thursday in Paris with the razzmatazz of the press open day largely overshadowed by the economic storm clouds looming over the industry.... Read More..
US auto sales take a beating - Oct 1, 2008
Auto Market
US auto sales took a beating in September as the nation's worsening economy turned dealer showrooms into ghost towns and major automakers reported sales drops of up to 37 percent Wednesday.... Read More..
Car dealer Bill Heard Enterprises files Chapter 11 - Oct 1, 2008
Chevy
The company with the largest chain of Chevrolet dealerships in the country filed for bankruptcy protection against a "perfect storm" of woes.... Read More..
Toyota says curbing production in China - Sep 29, 2008
Toyota
Japan's Toyota Motor Corp. is curbing production in China as sales slow in the once-booming market, a company spokesman said Monday.... Read More..
Toyota's New Plug-In Prius, 1/X Hybrids Shown - Sep 28, 2008
Toyota
One of the major sponsors of this year's Wired NextFest at Millennium Park in Chicago (alongside Xerox and Citi), Toyota had plenty to show off.... Read More..
US Congress passes 25 bln loan guarantees to automakers - Sep 28, 2008
Auto Brands
The US Senate Saturday approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of automotive innovation.... Read More..
Businessman's slaying casts shadow over India investment - Sep 28, 2008
Tata
The car parts plant on the outskirts of the Indian capital where chief executive Lalit Chaudhary was clubbed to death last week by a vengeful mob of dismissed workers is deserted these days.... Read More..
Chrysler resorts to layoffs to cut 1,000 jobs - Sep 26, 2008
Chrysler
Chrysler LLC has resorted to firing 250 salaried workers in order to meet targeted job reductions as it shrinks its struggling US operations, the automaker said Friday.... Read More..
Hyundai Motor, union reach deal to end strikes - Sep 26, 2008
Hyundai
South Korea's largest automaker Hyundai Motor has reached a deal with its union to end a protracted dispute which has cost more than 600 million dollars in lost production, according to the company.... Read More..
GM to double production of fuel-efficient engines - Sep 26, 2008
General Motors
General Motors announced plans Thursday to double its global production of more fuel-efficient small engines by 2011 with the help of a new engine plant in struggling Flint, Michigan.... Read More..
Daimler wants to sell remaining Chrysler stake to Cerberus - Sep 24, 2008
Daimler
German automaker Daimler said Wednesday it wanted to sell its remaining 19.9 percent interest in its former US subsidiary Chrysler to private equity firm Cerberus, which last year acquired a majority stake in Chrysler from Daimler.... Read More..
VW sales fall in August but higher for year - Sep 24, 2008
VolksWagen
Volkswagen, Europe's biggest automaker, said Wednesday that sales fell three percent in August but were up for the year so far as a whole despite a tougher economic environment.... Read More..
Toyota's Lexus rapped over hybrid car advert - Sep 24, 2008
Lexus
A newspaper advert in which Toyota's Lexus luxury car line claimed one of its hybrid vehicles was "perfect for today's climate" breached advertising rules, a watchdog ruled Wednesday.... Read More..
Chrysler to go electric in 2010 - Sep 23, 2008
Chrysler
Chrysler this week joined the ranks of automakers promising to bring electric cars to the market in 2010.... Read More..
General Motors, the "Heartbeat of America" for better or worst - Sep 21, 2008
General Motors
"The Heartbeat of America" the ads for Chevrolet, General Motors' flagship brand of cars, used to boast. For better or worst, as the US auto giant celebrates its 100th anniversary this month, the company's health has never seemed more tied to the country's economic health.... Read More..
Fiat, Serbia to sign joint venture deal - Sep 19, 2008
Fiat
The government of Serbia and Italian carmaker Fiat will sign a joint venture deal on the Zastava car plant on September 29, the Serbian Economy Ministry said in a statement Friday.... Read More..
GM 'eyes selling truck business to Japan's Isuzu' - Sep 19, 2008
General Motors
Struggling General Motors Corp. is talking to Isuzu Motors about selling its truck business, in what would mark the first Japanese takeover of a business from the US Big Three, a report said Friday.... Read More..

<< prev page next page >>

[ Back ]