US Congress passes 25 bln loan guarantees to automakers
The US Senate Saturday approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of...
Businessman's slaying casts shadow over India investment
The car parts plant on the outskirts of the Indian capital where chief executive Lalit Chaudhary was clubbed to death last week by a...
Chrysler resorts to layoffs to cut 1,000 jobs
Chrysler LLC has resorted to firing 250 salaried workers in order to meet targeted job reductions as it shrinks its struggling US operations, the...
Hyundai Motor, union reach deal to end strikes
South Korea's largest automaker Hyundai Motor has reached a deal with its union to end a protracted dispute which has cost more than 600...
GM to double production of fuel-efficient engines
General Motors announced plans Thursday to double its global production of more fuel-efficient small engines by 2011 with the help of a new engine...
Daimler wants to sell remaining Chrysler stake to Cerberus
German automaker Daimler said Wednesday it wanted to sell its remaining 19.9 percent interest in its former US subsidiary Chrysler to private equity firm...
VW sales fall in August but higher for year
Volkswagen, Europe's biggest automaker, said Wednesday that sales fell three percent in August but were up for the year so far as a whole...
Toyota's Lexus rapped over hybrid car advert
A newspaper advert in which Toyota's Lexus luxury car line claimed one of its hybrid vehicles was "perfect for today's climate" breached advertising rules,...
Chrysler to go electric in 2010
Chrysler this week joined the ranks of automakers promising to bring electric cars to the market in 2010. The US automaker on Tuesday unveiled three...
General Motors, the "Heartbeat of America" for better or worst
"The Heartbeat of America" the ads for Chevrolet, General Motors' flagship brand of cars, used to boast. For better or worst, as the US...
