Japan bears brunt of global economic crisis
Remember the early 1980s? The compact disc was brand new, the Walkman was still a novelty and Japanese carmakers were getting ready to conquer...
Chery Auto unveils electric car
China's largest independent carmaker Chery Automobile rolled off its first plug-in electric car this week, the latest Chinese automotive company to produce an alternative...
Saab to restructure as independent unit to avoid bankruptcy
Beleaguered Swedish carmaker Saab Automobile will undergo restructuring as an independent unit to stave off bankruptcy after it was abandoned by its owner General...
Saab to request immediate restructuring
Beleaguered Swedish car maker Saab Automobile was to take steps Thursday toward restructuring to stave off bankruptcy after it was abandoned by its owner...
Chinese auto maker plans to take on giants with electric cars
From its headquarters in south China, BYD Auto is pursuing a project of staggering ambition: To be in the lead as the world's cars...
Bankruptcy stalks automakers despite loan plans
Even if General Motors and Chrysler obtain billions more in government loans, the threat of bankruptcy remains high for the troubled automakers, analysts warned. "Despite...
Saab speeds towards abyss
The future of Sweden's Saab Automobile looked more uncertain than ever Wednesday after it was abandoned by US carmaker General Motors and the Swedish...
GM, Chrysler ask for more bailout money
General Motors and Chrysler have requested another 21.6 billion dollars in bailout funds, adding to the long list of pleas for help facing the...
Italy moves to help auto sector
Italian Prime Minister Silvio Berlusconi announced new measures worth 2.0 billion euros (2.6 billion dollars) to boost the economy and help the auto industry...
BMW 2008 sales down 5%
German luxury automaker BMW, which is struggling in its key North American market, said Friday its 2008 vehicle sales fell five percent from the...
