General Motors' South Korean unit plans temporarily to halt production at its plants this month because of a sharp drop in demand.
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U.S. auto sales dropped 37.1 percent in January, dragged down by the Detroit 3, as the industry posted its lowest monthly total in 27 years. Ford Motor Co.'s 41.
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U.S. auto sales dropped 37.1 percent in January, dragged down by the Detroit 3, as the industry posted its lowest monthly total in 27 years. Ford Motor Co.'s 41.
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Ford Motor Co. and General Motors said sales plunged more than 40 percent in January, putting the industry on pace for its worst month since August 1982. Ford's 41.6 percent fall and GM's 49 percent drop were steeper than analysts' forecasts.
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Ford Motor Co. said U.S. sales fell 41.6 percent in January and Toyota reported a 31.7 percent drop, kicking off what analysts expect to be the industry's fourth straight monthly decline of more than 30 percent.
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Denso Corp., the world's second-biggest auto supplier, reversed its full-year profit forecast to a loss after posting a 68.8 percent tumble in operating income for the first three quarters of its fiscal year.
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Ford has reduced its worldwide warranty repairs costs by US$1.2bn in the past two years and the repair rate in the US is now almost half the 2004 total.
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South Korean automakers' sales fell 35% last month despite hopes a weaker won and growing demand for smaller cars would help them weather the current economic storm.
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South Korean automakers' sales fell 35% last month despite hopes a weaker won and growing demand for smaller cars would help them weather the current economic storm.
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Finally, Ford has confirmed the specification of the new Focus RS. And it's the most powerful front wheel drive car the firm has ever built...
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Ford Motor Co. executives say they expect "robust" additional funding for a program of low-interest government loans to help automakers and suppliers retool for more fuel-efficient vehicles.
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German giant gives X5 the M Sport treatment creating its hottest SUV yet.
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Could Britain's biannual Motor Show be the credit crunches next victim?
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New vehicle sales in South Africa fell by 35.4% year-on-year in January to 30,503 units according to data released by the National Association of Automobile Manufacturers (NAAMSA).
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New vehicle sales in South Africa fell by 35.4% year-on-year in January to 30,503 units according to data released by the National Association of Automobile Manufacturers (NAAMSA).
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Mitsubishi Motors plans to axe around 300 jobs in the US through voluntary retirements, a Japanese newspaper reported.
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Mitsubishi Motors plans to axe around 300 jobs in the US through voluntary retirements, a Japanese newspaper reported.
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The Canadian units of General Motors and Chrysler have yet to draw on C$4bn (US$3.2bn) in loans made available by the federal and Ontario provincial governments, a minister has said.
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Hot on the heels of the recently introduced 2010 Mazda 3, the guys from Hiroshima are planning to show the performance-focused Mazdaspeed 2 version at the Geneva motor show in March.
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Hot on the heels of the recently introduced 2010 Mazda 3, the guys from Hiroshima are planning to show the performance-focused Mazdaspeed version at the Geneva motor show in March.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up