US auto sales take a beating
US auto sales took a beating in September as the nation's worsening economy turned dealer showrooms into ghost towns and major automakers reported sales...
Car dealer Bill Heard Enterprises files Chapter 11
The company with the largest chain of Chevrolet dealerships in the country filed for bankruptcy protection against a "perfect storm" of woes including soaring...
Toyota says curbing production in China
Japan's Toyota Motor Corp. is curbing production in China as sales slow in the once-booming market, a company spokesman said Monday. "As sales growth has...
Toyota's New Plug-In Prius, 1/X Hybrids Shown
One of the major sponsors of this year's Wired NextFest at Millennium Park in Chicago (alongside Xerox and Citi), Toyota had plenty to show...
US Congress passes 25 bln loan guarantees to automakers
The US Senate Saturday approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of...
Businessman's slaying casts shadow over India investment
The car parts plant on the outskirts of the Indian capital where chief executive Lalit Chaudhary was clubbed to death last week by a...
Chrysler resorts to layoffs to cut 1,000 jobs
Chrysler LLC has resorted to firing 250 salaried workers in order to meet targeted job reductions as it shrinks its struggling US operations, the...
Hyundai Motor, union reach deal to end strikes
South Korea's largest automaker Hyundai Motor has reached a deal with its union to end a protracted dispute which has cost more than 600...
GM to double production of fuel-efficient engines
General Motors announced plans Thursday to double its global production of more fuel-efficient small engines by 2011 with the help of a new engine...
Daimler wants to sell remaining Chrysler stake to Cerberus
German automaker Daimler said Wednesday it wanted to sell its remaining 19.9 percent interest in its former US subsidiary Chrysler to private equity firm...
