Troubled GM to cut salaried jobs in US
Troubled US automaker General Motors is planning to cut white-collar jobs in the United States because of rising financial problems, a source close to...
Auto industry going through dry spell
The auto industry is going through a "dry spell" with no end currently in sight, the chairman of Volkswagen, Europe's biggest carmaker, said in...
GM production suspension could hit all European plants
US auto giant General Motors, owner of the German brand Opel, might extend work suspensions to all its European plants for several weeks, a...
German auto parts maker Schaeffler to cut production
German auto parts maker Schaeffler, which owns much of compatriot Continental, will cut output owing to effects of the financial crisis and economic slowdown,...
Toyota profit to halve as global sales drop
Profits at Toyota Motor Corp. are expected to plunge by half in the year to March, while annual sales are set to drop for...
Automaker Ford cuts 450 jobs in Australia
Automaking giant Ford will slash 450 jobs in Australia as it battles falling sales and the global financial crisis, it announced Thursday, taking its...
Ford asks Toyota parts-maker to buy its Mazda shares
US auto giant Ford Motor Co. has asked Denso Corp., a core autoparts manufacturer within Toyota Motor Corp., to buy part of its stake...
Crisis-hit truck maker Daimler to cut 3,500 jobs in the US, Canada
German heavy truck maker Daimler said Tuesday it will eliminate 3,500 North American jobs owing to the worsening economic slowdown, a day after Japan's...
GMAC Tightens the Auto-Finance Screws
The Federal Reserve and U.S. Treasury may be moving to buttress America's banks and keep the loans flowing. But General Motors Acceptance Corp., the...
Chrysler merger not inked yet
Chrysler's top executive confirmed Monday that the company is holding talks about a potential alliance with another automaker, but cautioned no deal had been...
