Chrysler CEO disputes report of loss of low-interest loans
Chrysler's financing arm is not in danger of losing the ability to offer consumers low-interest loans, Chrysler LLC Chairman and CEO Bob Nardelli told...
WTO confirms ruling against China in autoparts case
The World Trade Organization confirmed on Friday it had ruled against China over its import tariffs for car parts, in the first WTO ruling...
VW says it has green light for majority voting stake in Scania
Volkswagen, Europe's biggest carmaker, said on Thursday it had obtained regulatory approvals to take a majority voting stake in Swedish truck maker Scania. "The majority...
Govt delays 2p fuel duty hike as oil surges
The government is to suspend a planned increase in fuel duty, Chancellor Alistair Darling said Wednesday, following protests by truck drivers and outrage from...
European car sales slump as inflation, oil prices rise
New car sales in Europe slumped 7.9 percent in June over one year as mounting inflation and soaring fuel prices spooked buyers, the ACEA...
Kia Motors to sell new hatchback abroad in early 2009
South Korea's second largest carmaker Kia Motors said Wednesday it would sell a new hatchback model in Europe early next year to boost small-car...
GM warns of losses; scales back to fight slumping sales
US auto giant General Motors on Tuesday warned of "significant" losses in the second quarter and unveiled a fresh cost-cutting program to battle slumping...
VW announces plan for 1.0-billion-dollar US auto plant
Volkswagen, the biggest European car maker, said Tuesday it would invest up to 620 million euros (one billion dollars) in its first US plant...
German auto makers get on board the electric bandwagon
Volkswagen, Daimler and BMW -- all of Germany's biggest car makers now want to launch electric cars, getting on the environmentally friendly bandwagon after...
Consumers put the brakes on Malaysia's Proton
Malaysian Proton's highly publicised campaign to hike sales appears to have hit a road block, with drivers saying they will snub the national carmaker...
