Toyota profit to halve as global sales drop
Profits at Toyota Motor Corp. are expected to plunge by half in the year to March, while annual sales are set to drop for...
Automaker Ford cuts 450 jobs in Australia
Automaking giant Ford will slash 450 jobs in Australia as it battles falling sales and the global financial crisis, it announced Thursday, taking its...
Ford asks Toyota parts-maker to buy its Mazda shares
US auto giant Ford Motor Co. has asked Denso Corp., a core autoparts manufacturer within Toyota Motor Corp., to buy part of its stake...
Crisis-hit truck maker Daimler to cut 3,500 jobs in the US, Canada
German heavy truck maker Daimler said Tuesday it will eliminate 3,500 North American jobs owing to the worsening economic slowdown, a day after Japan's...
GMAC Tightens the Auto-Finance Screws
The Federal Reserve and U.S. Treasury may be moving to buttress America's banks and keep the loans flowing. But General Motors Acceptance Corp., the...
Chrysler merger not inked yet
Chrysler's top executive confirmed Monday that the company is holding talks about a potential alliance with another automaker, but cautioned no deal had been...
Japanese automaker Nissan cuts more than 1,600 Spanish jobs
Japanese automaker Nissan announced Monday it would cut 1,680 jobs in Barcelona, northeastern Spain, as the economic downturn in Europe weakened demand for its...
GM brings forward SUV factory closure
General Motors said Monday it would bring forward the closure of a US factory producing SUVs, reflecting declining demand for the large, gas-guzzling vehicles. "This...
Chrysler considers merger options
US automaker Chrysler considered several new partnership options Sunday, including mergers with Renault-Nissan and General Motors, industry and union officials said. Two sources, one an...
BMW reports plunge in sales
German carmaker BMW said Wednesday that the financial crisis led to a 15-percent plunge in unit sales in September, with deliveries in the United...
