Ford to meet banks on Volvo Cars sale
US auto maker Ford is to meet representatives from leading investment banks in London next week to discuss the possible sale of its Volvo...
Toyota warns of big annual loss
Toyota Motor, the world's biggest automaker, warned Friday it expects an annual operating loss of 4.9 billion dollars, its first ever, as the economic...
Govt considers car trade scheme as sales slump
The government said Thursday it was considering an incentive for drivers to replace old polluting cars with new ones to help the beleaguered auto...
Recession helps cut auto deaths
Car crash fatalities fell in 40 states in '08, driven partly by people driving less because of the recession and seat belt use reaching...
Ford exec says Stimulus plan to benefit auto industry
The auto industry stands to gain from the stimulus package now pending in the US Congress, a top Ford Motor Co. executive said Wednesday. "If...
Japan's Mitsubishi, Mazda and Subaru to sink into red
Japanese automakers Mitsubishi, Mazda and Subaru said Wednesday they will post losses for the year through March as a deepening global slump devastates the...
GM's US sales plummet 49 percent
General Motors suffered a 49 percent year-to-year slump in US sales in January in a market driven by consumer fear of a deepening recession,...
Citroen says to launch new DS-inspired range
French auto maker Citroen said Thursday it was set to launch a new high-range line of cars, in a rebranding which reports said will...
Ford January sales tumble 42 percent
Ford Motor Co. said Tuesday its January US sales plunged 42.1 percent from a year ago amid deepening troubles for the auto industry and...
GM, Chrysler set for more buyouts
General Motors sources said Monday the troubled auto giant is planning a new buyout program to further reduce the size of its blue-collar workforce. The...
