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Toyota Motor Corp lost $6.9 billion in the fourth quarter and forecast more losses for the current year as its car sales tumble, keeping dozens of its factories underused. Full story...

Toyota Motor Corp. forecast a much deeper-than-expected annual loss of $8.6 billion as its car sales tumble, keeping dozens of its factories underused. Toyota booked a $6. Full story...

Toyota Motor Corp forecast a much deeper-than-expected annual loss of $8.6 billion as its car sales tumble, keeping dozens of its factories underused. Toyota booked a $6. Full story...

Toyota Motor Corp., the world's biggest automaker, forecast a much bigger-than-expected $8.6 billion loss for its current fiscal year and said it would sell about 1 million fewer vehicles as it scrambles to cut costs amid a severe market downturn. Full story...

Slumping business in Europe helped push Toyota Motor Corp. to its first operating loss in 71 years, and the company is now bracing of more red ink and massive cost cuts. Full story...

Slumping business in Europe helped push Toyota Motor Corp. to its first operating loss in 71 years, and the company is now bracing of more red ink and massive cost cuts. Full story...

Toyota Motor Corp., the world's biggest automaker, forecast a much bigger-than-expected $8.6 billion loss for its current fiscal year and said it would sell about 1 million fewer vehicles as it scrambles to cut costs amid a severe market downturn. Full story...

Slumping business in Europe helped push Toyota Motor Corp. to its first operating loss in 71 years, and the company is now bracing of more red ink and massive cost cuts. Full story...

General Motors Europe lost $2 billion (1.5 billion euros) in its first three months of 2009 after its revenues almost halved, the company said today. GM Europe's revenues fell to $5.3 billion from $9. Full story...

Porsche's plan to merge with Volkswagen has intensified a power struggle that could see the spectacular fall of the sports car maker's CEO Wendelin Wiedeking. Full story...

General Motors will choose two to three preferred bidders for its Saab brand this week, industry sources tell Automotive News Europe. The sources would not say which bidders have the best chance to make it to the next round of talks. Full story...

Audi used the auto show here to present the Cross Coupe quattro concept, which previews the Q3. The SUV, which will join the larger Q5 and Q7 in 2011, is the first model Audi will build in Spain. Full story...

Fiat SpA plans to create an automotive empire spanning Europe, America and Africa in a redrawing of the global industry as the market downturn hurts major players around the world. Full story...

Fiat SpA plans to create an automotive empire spanning Europe, America and Africa in a redrawing of the global industry as the market downturn hurts major players around the world. Full story...

Premium five-door cars are popular in Europe, much less in America. But a hatchback's practicality is undeniable, and logically, we should see a lot more of this type of vehicle on our roads. Right now, there very few direct competitors to the Audi A3 in North America. BMW's 5-door 1-Series is Europe-only, Mercedes only has the less-dynamic B200 to rival it, and there are only three Japanese products that come close. Full story...

BURNABY, BC - Electronic Stability Control - or ESC - can help prevent a collision, and maybe even save your life. Now, for the first time in Canada, ESC can help save money on your auto insurance, too. BCAA Insurance is introducing a five per cent discount on collision premiums for vehicles equipped with ESC - an innovative way of rewarding customers for choosing the added safety and peace of mind provided by ESC. Full story...

The controversial 'winner takes all' scoring system has now been erased from the 2010 FIA Formula 1 sporting regulations. Full story...