Auto News 5

In addition to its previously announced liquidity and capacity actions, GM is taking further actions to improve liquidity by an incremental $5bn by the end of 2009, it said on Friday.

The singers have changed but the song is the same: Ford Motor Company is deep in the doo-doo and expects nothing to improve this year or next.

General Motors is calling off talks with Cerberus Capital Management LP about a possible acquisition of Chrysler LLC.

The best pictures from this year's SEMA Motor Show Full story...

Daimler has announced that a total of 93,800 Mercedes-Benz, AMG, smart and Maybach brand cars were sold worldwide in October, 18% down on October of last year. Within that total Mercedes-Benz passenger cars were down 21% to 82,500 units while Smart cars were up 7% to 11,300 units.

General Motors has reported a net loss of US$2.5bn or $4.45 per share for the third quarter, including special items, signalled a liquidity crisis and said talks with Chrysler are off as the incoming president insisted he would help the beleagured industry. Announcing the results, GM CEO Rick Wagoner confirmed talks had taken place with Chrysler but said GM had eventually decided to address its liquidity problems as its top priority. Full Story...

General Motors has reported a net loss of US$2.5bn or $4.45 per share for the third quarter, including special items, signalled a liquidity crisis and said talks with Chrysler are off.

GM has reported a net loss of $2.5 billion or $4.45 per share for the third quarter, including special items. That compares with a net loss from continuing operations of $42.5 billion or $75.12 per share in the third quarter of 2007, which included a non-cash charge of $38.3 billion to establish a valuation allowance against some of the company's net deferred tax assets.

As this was being started, four hours later than usual, for reasons which will soon be apparent, General Motors was running 35 minutes and counting late on publishing its eagerly anticpated third quarter results due around 15:30GMT or 10:30 eastern in American money. It was not a good sign. Finally, the numbers showed up 70 minutes later than hoped.

General Motors, battling "unprecedented economic and credit market turmoil,'' reported its fifth straight quarterly loss today and warned that it may not have enough cash to operate by mid-2009. GM ended the third quarter with $16. Full Story...

General Motors, battling "unprecedented economic and credit market turmoil,'' reported its fifth straight quarterly loss today and warned that it may not have enough cash to operate by mid-2009. GM ended the third quarter with $16. Full Story...

General Motors, battling "unprecedented economic and credit market turmoil,'' reported its fifth straight quarterly loss today and warned that it may not have enough cash to operate by mid-2009. GM ended the third quarter with $16. Full Story...

General Motors today reported its fifth straight quarterly loss because of "unprecedented economic and credit market turmoil'' and warned that it may not have enough cash to operate by mid-2009. GM ended the third quarter with $16.

Sales of BMW Group have fallen 8.3% in October over the same month last year, leading the German automaker to say it no longer expects to exceed last year's full year sales tally in 2008.

Don’t feel bad if news of yet another ultra-limited edition, megabucks supercar leaves you feeling a bit, er, sleepy, to put it kindly.

Toyota will launch its updated version of three models produced with PSA in the Czech Republic at the Bologna motor show on 4 December.

Indonesia's vehicle sales in October rose by 74% year-on-year according to data issued by Toyota Astra Motor.

A Volkswagen director has made over EUR1m selling company shares.

Nissan has announced that its Cranfield-based research and development facility, Nissan Technical Centre Europe (NTCE), is to play a key role in the company's global van programme.

Hyundai will launch its so-called "Czech Days" promotion next week. The event comes a week after the Korean automaker started car production at its new Czech plant in Nosovice, which is in the northeast corner of the country.