GM 'highly confident' it can meet government bailout terms
General Motors is "highly confident" it can meet the financial viability test set forth in a government bailout package, the automaker's chief executive officer...
Russia unveils package for crisis-hit auto industry
Prime Minister Vladimir Putin unveiled a lavish package on Friday to encourage Russians to buy only Russian-made vehicles, in a bid to help struggling...
EU proposes 5-billion-euro drive for green cars
The European Commission on Wednesday offered five billion euros (6.5 billion dollars) to help auto makers make safer and greener cars, an initiative to...
Porsche pushes back VW takeover as sales tumble
German luxury sports car maker Porsche said Wednesday it would push back a planned takeover of Volkswagen, the biggest European auto group, after being...
Fitch slashes credit rating on Toyota
Fitch Ratings on Wednesday downgraded Toyota Motor Corp. by two notches, warning that in the current slump even the strongest carmaker no longer deserved...
VW might extend year-end break at main German plant
Volkswagen, the biggest European carmaker, might close its main plant in northern Wolfsburg for three weeks during the year-end holidays owing to weaker demand,...
Caravan of auto dealers, suppliers, workers to head to Washington
A group of auto dealers, suppliers and union workers are planning to drive a caravan of fuel-efficient, American-brand vehicles to Washington to press lawmakers...
Mitsubishi Motors to join downsizing trend
Mitsubishi Motors Corp. will join other major Japanese carmakers in making further cuts to production and jobs to cope with the global economic downturn,...
All options on the table for GM
Members of General Motors' board of directors are willing to consider "all options" for the ailing auto maker, including filing for bankruptcy protection, The...
GM to drop two corporate jets
General Motors is dropping two of its five corporate jets but has no plans to fly its senior executives commercially despite sharp criticism of...



