Saab speeds towards abyss
The future of Sweden's Saab Automobile looked more uncertain than ever Wednesday after it was abandoned by US carmaker General Motors and the Swedish...
GM, Chrysler ask for more bailout money
General Motors and Chrysler have requested another 21.6 billion dollars in bailout funds, adding to the long list of pleas for help facing the...
Italy moves to help auto sector
Italian Prime Minister Silvio Berlusconi announced new measures worth 2.0 billion euros (2.6 billion dollars) to boost the economy and help the auto industry...
BMW 2008 sales down 5%
German luxury automaker BMW, which is struggling in its key North American market, said Friday its 2008 vehicle sales fell five percent from the...
Ford to meet banks on Volvo Cars sale
US auto maker Ford is to meet representatives from leading investment banks in London next week to discuss the possible sale of its Volvo...
Toyota warns of big annual loss
Toyota Motor, the world's biggest automaker, warned Friday it expects an annual operating loss of 4.9 billion dollars, its first ever, as the economic...
Govt considers car trade scheme as sales slump
The government said Thursday it was considering an incentive for drivers to replace old polluting cars with new ones to help the beleaguered auto...
Recession helps cut auto deaths
Car crash fatalities fell in 40 states in '08, driven partly by people driving less because of the recession and seat belt use reaching...
Ford exec says Stimulus plan to benefit auto industry
The auto industry stands to gain from the stimulus package now pending in the US Congress, a top Ford Motor Co. executive said Wednesday. "If...
Japan's Mitsubishi, Mazda and Subaru to sink into red
Japanese automakers Mitsubishi, Mazda and Subaru said Wednesday they will post losses for the year through March as a deepening global slump devastates the...
