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Last Updated: Aug 6, 2008

North American slump hurts Magna Q2 profits - Aug 6, 2008
Auto Market
Canadian auto supplier Magna International Inc. said today that it posted lower net income and sales for the second quarter as its North American customers slashed production.... Read More..
Carmax delays store openings, cuts inventory - Aug 6, 2008
Auto Market
Carmax Inc., the largest U.S. retailer of used cars, said on Wednesday it would delay the planned openings of several stores due to a sharp drop in vehicle sales in the past months amid record gas prices.... Read More..
Obama proposes $7K credit for fuel-efficient cars - Aug 5, 2008
Hybrid
Barack Obama proposed tapping the strategic oil reserve on Monday to help lower gas prices, reversing an earlier stance, and called rival John McCain a tool of big oil companies.... Read More..
US auto sales slam on brakes in July - Aug 1, 2008
Auto Market
US auto sales braked hard in July, automakers said Friday, as consumers avoided big-ticket spending in the face of rising unemployment, falling home prices and tight credit.... Read More..
Visionary Vehicles sues China's Chery Auto - Jul 22, 2008
Law & Order
Entrepreneur Malcolm Bricklin's Visionary Vehicles has filed a lawsuit accusing China's Chery Automobile Co. of defrauding the company after the two formed a joint venture to import Chinese cars to the United States.... Read More..
WTO confirms ruling against China in autoparts case - Jul 18, 2008
Auto Market
The World Trade Organization confirmed on Friday it had ruled against China over its import tariffs for car parts, in the first WTO ruling against China since it joined the global trade body in 2001.... Read More..
Govt delays 2p fuel duty hike as oil surges - Jul 16, 2008
Oil & Gasoline
The government is to suspend a planned increase in fuel duty, Chancellor Alistair Darling said Wednesday, following protests by truck drivers and outrage from motorists' organisations over pump prices.... Read More..
European car sales slump as inflation, oil prices rise - Jul 16, 2008
Auto Market
New car sales in Europe slumped 7.9 percent in June over one year as mounting inflation and soaring fuel prices spooked buyers, the ACEA European automakers association said on Wednesday.... Read More..
German auto makers get on board the electric bandwagon - Jul 13, 2008
Hybrid
Volkswagen, Daimler and BMW -- all of Germany's biggest car makers now want to launch electric cars, getting on the environmentally friendly bandwagon.... Read More..
Carmakers Accelerate Efforts To Build Next-Generation Hybrid - Jul 9, 2008
Hybrid
High prices at the pump have sparked more interest than ever in hybrid vehicles, but while gas-electric types lead in availability, hydrogen-powered and other alternatives are coming on fast.... Read More..
Boris scraps Â£25 levy for most-polluting cars - Jul 8, 2008
Law & Order
London mayor Boris Johnson has withdrawn plans for a Ã‚Â£25 per day congestion charge on the most polluting vehicles coming into the city, ending a legal battle against the levy by luxury carmaker Porsche.... Read More..
US automakers face tough road as June sales plummet - Jul 1, 2008
Auto Market
Automakers hit more bumps in the road in June as US sales fell precipitously, and manufacturers failed to adapt to a shift in demand to more fuel-efficient cars.... Read More..
Auto sales plunge in June - Jul 1, 2008
Auto Market
June auto sales plunged, according to reports from two major automakers that showed Americans shunning pickups and SUVs in the face of record gas prices.... Read More..

McCain issues green challenge to carmakers - Jun 23, 2008
Hybrid
Republican White House contender John McCain Monday laid down the gauntlet to automakers to extend the great tradition of US ingenuity by developing zero-emission engines.... Read More..
German carmakers welcome modified emissions targets - Jun 10, 2008
Law & Order
German automakers could breathe easier Tuesday after Berlin and Paris agreed on a proposal that relaxes carbon dioxide emission targets for cars.... Read More..
Australia to encourage 'green' car development - Jun 5, 2008
Hybrid
Australia will encourage the development of fuel-efficient and hybrid cars under a plan to revitalise the country's automotive industry.... Read More..
Gasoline guzzlers near extinction in US - Jun 3, 2008
Auto Market
America's decades-long love affair with monstrously large vehicles may finally be coming to an end, US automakers have predicted.... Read More..
European new car sales rebound sharply in April - May 16, 2008
Auto Market
New car sales in Europe rebounded sharply in April, shwoing a 9.6-percent rise over the same month last year despite global financial problems and soaring fuel prices.... Read More..
Japan says China quake to cause economic damage - May 13, 2008
Auto Market
A Japanese minister on Tuesday expected an economic blow from China's major earthquake, which shut operations of Toyota Motor Corp. and other Japanese companies.... Read More..
Most Expensive Cars To Repair - May 5, 2008
Auto Market
Benjamin Franklin once said that the only things certain in life are death and taxes. Had he been born a couple centuries later, he definitely would have included car repairs in that statement.... Read More..

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