The Thai auto industry, which could be the hard-hit in the global recession, says the government must move aggressively to stimulate domestic spending as exports are sinking.
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General Motors is "highly confident" it can meet the financial viability test set forth in a government bailout package, CEO Rick Wagoner said on Friday.
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General Motors Europe said it would continue with its cost-cutting program as its ailing parent received access to $17.4 billion in loans from the U.S. government.
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Auto stocks jumped after President Bush's announcement of emergency loans for U.S. automakers, yet some companies couldn't sustain the gains. General Motors climbed 22.6 percent to $4.49 after securing a $13.4 billion U.S. aid package.
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Stocks of automakers and parts suppliers jumped after President Bush's announcement that the executive branch will provide emergency bridge loans to the Detroit 3, amid a broad market gain. General Motors' stock price rose to $4.
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The Korean government has temporarily cut special excise taxes on passenger cars until the end of June to spur demand.
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Remember the Taurus? It was a good car at the right time and it made Ford a bunch of money--until they turned it into a jelly bean and then started concentrating too much on trucks.
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Porsche sales fell by almost 20% year on year in the four months from August to November.
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Research by the AA has slammed police tests for driving while under the influence of drugs.
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Two senior executives hired by new CEO Bob Nardelli soon after Cerberus Capital Management bought Chrysler in mid-2007 are leaving in a reshuffle of the automaker's global sales and marketing organisation.
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Chrysler today announced that its head of marketing, Deborah Wahl Meyer, and its Asia chief, Phil Murtaugh, will leave the company. The automaker said Meyer's departure is immediate and Murtaugh will leave at the end of December.
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Chrysler today announced that its head of marketing, Deborah Wahl Meyer, and its Asia chief, Phil Murtaugh, will leave the company. The automaker said Meyer's departure is immediate and Murtaugh will leave at the end of December.
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Canadian Prime Minister Stephen Harper will announce an aid package for Canada's auto industry on Saturday, following the U.S. government's move to provide the U.S.-based automakers with $17.4 billion in emergency funding.
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Malaysia's Detik Benua Company and Spiral Circuit Co (Malaysia) plan to invest THB 20 billion (US$575m) over the next three years in a new plant in Thailand to manufacture electric drives for hybrid and electric vehicles.
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The SLR Stirling Moss promises to sign off the supercar in style.
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President Bush has announced that his administration will provide US$13.4bn in short-term loans to GM and Chrysler. The money will come from the US$700bn Troubled Asset Relief Programme (TARP), originally intended to provide financial institutions with emergency liquidity.
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President Bush has today announced that his administration will provide US$13.4bn in short-term loans to GM and Chrysler.
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President Bush has today announced that his administration will provide US$13.4bn in short-term loans to GM and Chrysler.
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After weeks of uncertainty and contentious debate, General Motors and Chrysler will get up to $17.
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Fourteen US technology companies have formed an alliance to manufacture lithium ion batteries for electric cars.
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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
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