GM, Chrysler get federal loans to stave off collapse:
After weeks of uncertainty and contentious debate, General Motors and Chrysler will get up to $17.
Read moreAfter weeks of uncertainty and contentious debate, General Motors and Chrysler will get up to $17.
Read moreFourteen US technology companies have formed an alliance to manufacture lithium ion batteries for electric cars.
Read moreUK suppliers have demanded that any government aid for the industry should contain guarantees about local sourcing.
Read moreDetroit finally got a break at the end of a depressing week when president Bush – no doubt mindful of not leaving an automaker meltdown as part of his legacy – finally announced the administration would provide US$13.4bn in short-term loans to GM and Chrysler.
Read moreFirst, let’s see if we can scrape up any good news reported this week.
Read moreTurkey’s ailing economy and crucial export sector was dealt a fresh blow on Thursday as automakers suspended output in the face of slumping global demand.
Read moreProfits at Canadian autoparts makers are seen declining to their lowest level in almost a decade of data collection.
Read moreForeign carmakers who have invested billions in local assembly plants in Russia will be eligible for state industry support measures, Interfax quoted Prime Minister Vladimir Putin as saying on Friday.
Read moreZolfo Cooper, administrators to UK-based parts firm Wagon that entered receivership last week, has announced redundancies as part of a wind-down of the Brownhills manufacturing facility.
Read moreFollowing news that the British government may be prepared to bail-out Jaguar and Land Rover, another of the UK’s luxury carmakers says help is needed right across the car industry.
Read moreToyota has denied a report in the Japanese business newspaper Nikkei that the automaker has halted planned investments in Brazil. The paper had also said projects in China, India and Japan would be put on hold.
Read moreHonda has threatened to move more production and research and development, and perhaps even its headquarters, offshore unless the Japanese government takes steps to reduce the value of the yen against the US dollar.
Read moreAn appeals court in the eastern French city of Colmar on Thursday confirmed a 200,000-euro ($292,000) fine imposed on Volvo for the deaths of two children in a 1999 accident.
Read moreThe White House has raised the b-word for the first time as a possible way to save financially-troubled General Motors and Chrysler.
Read moreI first drove the newest Mercedes-Benz C-class in Europe in the summer of 2007. I was impressed. The steering was a big step up from the old car’s yet the baby Benz still felt like a proper Benz. My impressions of the car in the USA later in 2007 weren’t as good. I found the ride quality a bit harsh on U.S. roads, the interior plastics not up to spec, and the steering not as linear as the model I tested in Europe. This latest C-class test car reminded me that the small Mercedes is indeed a very nice car. Sure, I prefer the way the newest BMW 3-series drives when pushed, but this latest C-class runs the BMW much closer than ever before. I’d still like to see nicer dash materials, and the seven-speed automatic transmission is sluggish, but if you want a Mercedes but don’t want to spend big money, the C-class delivers.
Photo Gallery: 2009 Mercedes Benz C300 4Matic – Mercedes Benz Luxury Sport Sedan – Automobile Magazine
U.S. Treasury Secretary Henry Paulson on Thursday offered mixed signals on the chances of a bailout for troubled automakers, saying failure is not an option but adding that any bankruptcy should be “orderly.”
Read moreAs an indication of just how bad things are getting, Japanese media today said Toyota Motor was expected next week to report its first annual parent-only operating loss in decades.
Read moreBritish car dealer Lookers issued a profit warning on Friday and scrapped its final dividend, blaming increasingly tough trading conditions in both new and used car markets.
Read moreThere may be no better way to pay tribute to the end of the modern SLR – as well as its racing forbears – than with the new 2009 Mercedes-Benz SLR Stirling Moss.
Photo Gallery: 2009 Mercedes-Benz SLR Stirling Moss – Latest News, Features, and Reviews – Automobile Magazine
At a meeting with top managers in Dresden yesterday, Volkswagen chief executive Martin Winterkorn warned of hard times ahead.
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