Automakers take a U-turn and welcome tighter emission standards
Cash-strapped US automakers took a U-turn and welcomed a move by President Barack Obama to potentially tighten emissions standards in the hope that it...
GM cuts 2,000 US jobs as production slashed
General Motors announced plans Monday to cut 2,000 jobs at two US plants as it slashes production in the wake of a sharp drop...
Obama announces new measures to spur fuel efficient cars
President Barack Obama Monday signed new measures to spur development of fuel efficient cars and to wean America off foreign energy, in a first...
Toyota sees annual sales falling seven percent
Toyota Motor Corp. expects its global sales to fall by seven percent in the next business year to March 2010 due to the economic...
2009 Cadillac Converj Concept
General Motors unveiled a further glimpse at the potential of electric propulsion today, this time in the form of luxury transportation, with the Cadillac...
2010 Toyota Camry
The 2010 Camry is on display for the first time today at the North American International Auto Show (NAIAS). As the best-selling passenger car...
Obamas will ride in updated, stylish new limousine
Barack Obama will drive to the White House in an updated and more stylish presidential limousine that will give him a better view of...
SKorean auto maker union calls for strike
The union of South Korea's ailing Ssangyong Motor on Monday called for its members to go on strike, in protest over potentially massive layoffs...
US Treasury finalizes 4-billion-dollar loan to Chrysler
The US Treasury said it has finalized a 4-billion-dollar loan to troubled cash-strapped carmaker Chrysler. "Treasury today finalized the loan transaction for Chrysler car company...
Spanish car sales plunge record 28 percent in 2008
Sales of new cars in Spain plunged a record 28 percent in 2008 as the country's economy suffered an abrupt downturn and demand plunged,...
