GM needs federal aid in coming weeks
General Motors is in such dire financial straits that it needs to line up a federal aid package before president-elect Barack Obama takes office...
GM shares plunge after analyst sees them hitting zero
General Motors shares plunged more than 30 percent Monday after an analyst forecast their price would fall to zero, saying that even if there...
GM warns of cash crunch, appeals for bailout
General Motors, the biggest US-automaker, warned Friday that it would run out of cash in the first half of next year and appealed to...
Ford warns of tough times ahead amid heavy losses
Embattled US automaker Ford Motor Co. warned of tough times ahead as it reported heavy financial losses and plans to slash an additional 10...
Porsche posts record profits on back of VW stock options
German luxury sports car maker Porsche posted record annual results Friday on the back of its holding in Europe's biggest car maker Volkswagen but...
Renault workers sign up for departure plan
Workers at French carmaker Renault have fully taken up a voluntary departure plan, with more than 3,900 out of a possible 4,000 staff signing...
Toyota halves profit forecast due to 'unprecedented' crisis
Toyota Motor Corp. said Thursday annual profits are expected to plunge more than two-thirds to the lowest level in nine years, warning the global...
Chrysler to slash up to 5,000 jobs worldwide by year-end
Chrysler LLC said Friday it was slashing up to a quarter of its white-collar workforce by the end of this year to cope with...
Renault closes 'almost all' French factories for a week
French automaker Renualt will close "almost all" of its plants on its home soil for one to two weeks from next week, the a...
Toyota to post first North America loss
Japan's Toyota Motor Corp. will post its first ever operating loss in North America in the six months through September as demand slumps in...
