GM warns of losses; scales back to fight slumping sales
US auto giant General Motors on Tuesday warned of "significant" losses in the second quarter and unveiled a fresh cost-cutting program to battle slumping...
VW announces plan for 1.0-billion-dollar US auto plant
Volkswagen, the biggest European car maker, said Tuesday it would invest up to 620 million euros (one billion dollars) in its first US plant...
German auto makers get on board the electric bandwagon
Volkswagen, Daimler and BMW -- all of Germany's biggest car makers now want to launch electric cars, getting on the environmentally friendly bandwagon after...
Consumers put the brakes on Malaysia's Proton
Malaysian Proton's highly publicised campaign to hike sales appears to have hit a road block, with drivers saying they will snub the national carmaker...
Nissan, Dongfeng to build engine plant in China
Japan's Nissan Motor Co. and its Chinese partner Dongfeng Motor Corp. plan to build a new engine factory in central China, a newspaper reported...
Toyota to build fuel-sipping Prius hybrid in US
Japanese auto giant Toyota said Thursday that it plans to start assembling its fuel-sipping Prius hybrid car in the United States with production slated...
BMW will test electric Mini models for California market
German luxury carmaker BMW has said it is preparing to launch an electric Mini test series, following similar ventures by its main competitors. The Munich-based...
Head of GM Europe denies group is close to bankruptcy
The head of General Motors Europe, Claus-Peter Forster, dismissed rumours that the auto giant was close to bankruptcy in a German press interview released...
Carmakers Accelerate Efforts To Build Next-Generation Hybrid
High prices at the pump have sparked more interest than ever in hybrid vehicles, but while gas-electric types lead in availability, hydrogen-powered and other...
Abu Dhabi fund buys stake in NY Chrysler Building
An Abu Dhabi investment fund has bought a 75 percent stake...
