Porsche posts record profits on back of VW stock options
German luxury sports car maker Porsche posted record annual results Friday on the back of its holding in Europe's biggest car maker Volkswagen but...
Renault workers sign up for departure plan
Workers at French carmaker Renault have fully taken up a voluntary departure plan, with more than 3,900 out of a possible 4,000 staff signing...
Toyota halves profit forecast due to 'unprecedented' crisis
Toyota Motor Corp. said Thursday annual profits are expected to plunge more than two-thirds to the lowest level in nine years, warning the global...
Chrysler to slash up to 5,000 jobs worldwide by year-end
Chrysler LLC said Friday it was slashing up to a quarter of its white-collar workforce by the end of this year to cope with...
Renault closes 'almost all' French factories for a week
French automaker Renualt will close "almost all" of its plants on its home soil for one to two weeks from next week, the a...
Toyota to post first North America loss
Japan's Toyota Motor Corp. will post its first ever operating loss in North America in the six months through September as demand slumps in...
Troubled GM to cut salaried jobs in US
Troubled US automaker General Motors is planning to cut white-collar jobs in the United States because of rising financial problems, a source close to...
Auto industry going through dry spell
The auto industry is going through a "dry spell" with no end currently in sight, the chairman of Volkswagen, Europe's biggest carmaker, said in...
GM production suspension could hit all European plants
US auto giant General Motors, owner of the German brand Opel, might extend work suspensions to all its European plants for several weeks, a...
German auto parts maker Schaeffler to cut production
German auto parts maker Schaeffler, which owns much of compatriot Continental, will cut output owing to effects of the financial crisis and economic slowdown,...
