Japanese automaker Nissan cuts more than 1,600 Spanish jobs
Japanese automaker Nissan announced Monday it would cut 1,680 jobs in Barcelona, northeastern Spain, as the economic downturn in Europe weakened demand for its...
GM brings forward SUV factory closure
General Motors said Monday it would bring forward the closure of a US factory producing SUVs, reflecting declining demand for the large, gas-guzzling vehicles. "This...
Chrysler considers merger options
US automaker Chrysler considered several new partnership options Sunday, including mergers with Renault-Nissan and General Motors, industry and union officials said. Two sources, one an...
BMW reports plunge in sales
German carmaker BMW said Wednesday that the financial crisis led to a 15-percent plunge in unit sales in September, with deliveries in the United...
Toyota to downgrade profit estimate
Japanese auto giant Toyota Motor Corp. is planning to downgrade its earnings forecasts for the year to March 2009 amid the global financial turmoil,...
New key lets parents put brakes on teen drivers
Talk about a back-seat driver! Ford Motor Co. has created a device which allows parents to control how fast their teenagers drive, limits the...
Ford selling stock to pay debt
Ford Motor Co. said Friday it is selling 500 million dollars in stock to retire short-term debt owed by Ford Motor Credit. "It's a debt...
Electric vehicles spark at Paris car show
Carmarkers rolled out a slew of electric models at the Paris motor show Friday, with a view to filling dealer showrooms by 2012 when...
Government aid to automakers is not a bailout
Government loans awarded to three major US automakers are justified as they need them to meet new environmental regulations, Ford chief executive Alan Mulally...
Paris motor show opens amid industry gloom
The world's biggest car show was to open Thursday in Paris with the razzmatazz of the press open day largely overshadowed by the economic...
