Auto-parts supplier Cooper-Standard Automotive Inc. is dismissing about 600 salaried employees while overhauling its global structure and reassigning top executives.
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Auto-parts supplier Cooper-Standard Automotive Inc. is dismissing about 600 salaried employees while overhauling its global structure and reassigning top executives.
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President Barack Obama said today that struggling U.S. auto companies could expect "some" government aid if they commit to restructuring their businesses and that an announcement on the issue was coming soon.
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President Barack Obama said today that struggling U.S. auto companies could expect "some" government aid if they commit to restructuring their businesses and that an announcement on the issue was coming soon.
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President Barack Obama said today that struggling U.S. auto companies could expect "some" government aid if they commit to restructuring their businesses and that an announcement on the issue was coming soon.
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Times are tough, but if you can afford a Ferrari or Lamborghini, chances are you arent pinching pennies.
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GAZ has cut its production plan for Gazelle light vans in March due to interruptions in engine supplies from the Ulyanovsk Automobile Plant, or UAZ.
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The 2010 Toyota Prius is almost all-new in almost every department. It does just about everything the previous Prius did better. But you might not realize any of that when you drive it.
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The 2010 Toyota Prius is almost all-new in almost every department. It does just about everything the previous Prius did better. But you might not realize any of that when you drive it.
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The 2010 Toyota Prius is almost all-new in almost every department. It does just about everything the previous Prius did better. But you might not realize any of that when you drive it.
Full story...
Honda's new Insight hybrid hatchback has been on sale barely a week in the United States. But the company's sprawling plant here is already churning out 600 a day.
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South Korea has announced tax cuts to spur car sales during the economic slump but urged automakers to respond with a cost-cutting drive.
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General Motors said about 7,500 hourly workers -- or 12 percent of its U.S. factory work force -- accepted the automaker's latest buyout offers, bringing the total to more than 60,000 over the past three years.
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General Motors said about 7,500 hourly workers accepted the automaker's latest buyout offers, bringing the total to more than 60,000 over the past three years. Most will leave the company around April 1.
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Honda, Japan's No.2 automaker, said on Thursday it will further delay the start of a new factory in Japan by at least a year amid the global auto market slump.
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Toyota plans to continue selling the current Prius alongside the new model at a reduced price in Japan to help counter Honda's successful new Insight, which has now attracted 21,000 orders.
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Several hundred employees of German car parts maker Continental have protested in Paris against the closure of a French factory, as company executives met France's economy minister Christine Lagarde.
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More state aid seems likely for struggling US automakers in return for new restructuring conditions.
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Renault is bracing for a "long crisis" that could last into 2011 but will not cut production lines in France while it receives state aid, a top executive has said.
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