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Oct
15th

Tesla runs low on cash, plans job cuts

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Tesla Motors Inc. has hit a big pothole on the road to full production of its high-performance electric roadster. It is running low on cash. Read more ...
Oct
15th

Dow Jones falls 733 points on recession fears

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Stocks tumbled today as bleak economic data fed worries that all the efforts to unlock credit markets may not stave off a severe recession. The Dow Jones industrial average sank 733.08 points, or 7.87 percent, to finish unofficially at 8,577. Read more ...
Oct
15th

Smart, VW diesels join top 10 most fuel-efficient vehicles

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Smart cars and Volkswagen diesels are the new stars of government fuel economy ratings. The EPA and Energy Department today issued the 2009 fuel economy guide. The overall fuel economy leader is no surprise. Read more ...
Oct
15th

Toyota Rewards Visa debuts

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Toyota Financial Services has launched its Toyota Rewards Visa program to boost revenues at Toyota dealerships and encourage customer loyalty. Read more ...
Oct
15th

Toyota rewards Visa debuts

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Toyota Financial Services has launched its Toyota Rewards Visa program to boost revenues at Toyota dealerships and encourage customer loyalty. Read more ...
Oct
15th

Nissan to recall 204,361 vehicles

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Nissan Motor Co. Ltd. plans to recall 204,361 vehicles from its 2007 and 2008 model years in the United States due to the possibility that a passenger side airbag could fail to deploy properly in an accident. Read more ...
Oct
15th

US: Lear plans $150m in cost cuts

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Lear Corporation, supplier of automotive seating systems, electrical distribution systems and electronics products, has announced cost reductions which it hopes will improve its operating profit by US$150m over the next year. Read more ...
Oct
15th

Toyota: U.S. likely to get 54-mpg premium subcompact

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CHIBA, Japan -- The three-seat iQ, a tiny car that Toyota tentatively expects to sell in the United States, achieves 54 mpg, according to Japanese mileage standards. Read more ...
Oct
15th

SPAIN: Unions protest 1,700 Nissan layoffs

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Branding the plan "unjustified and barbarous," Spanish unions have scheduled several demonstrations against Nissan's plan to axe 1,680 workers in Spain. Read more ...
Oct
15th

UK: Honda adds Swindon to Jazz sources

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Honda has made a statement of faith in its UK plant at Swindon by adding the redesigned Jazz (Fit) as the factory's third production model, which the company claims "provides greater long term stability" once the supermini joins the CR-V and Civic on the assembly lines late in 2009. Read more ...
Oct
15th

Lear plans $150 million in additional cost cuts

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DETROIT -- Seat maker Lear Corp. plans an additional $150 million in cost cuts in the next year. Read more ...
Oct
15th

Soft sales force Lear to cut deeper

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Seat maker Lear Corp. today announced plans for another $150 million in cost cutting in the next year. Read more ...
Oct
15th

J.D. Power: Oct. sales tracking below 12 million rate

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J.D. Power and Associates, which tracks U.S. auto sales on a daily basis, sees October sales on track to fall below 12 million units on an annualized basis, extending a downturn that automakers hoped had hit bottom in the summer. Read more ...
Oct
15th

J.D. Power: Oct. sales tracking below adjusted 12 million

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J.D. Power and Associates, which tracks U.S. auto sales on a daily basis, sees October sales on track to fall below 12 million units on an annualized basis, extending a downturn that automakers hoped had hit bottom in the summer. Read more ...
Oct
15th

INDIA: New small Honda ‘a few years’ off

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Honda's Indian unit has again confirmed it will launch a new car smaller than the Jazz (Fit) in the emerging market, but not for some time. Read more ...
Oct
15th

US: Chrysler admits talks, denies agreements

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Chrysler's top executive has told employees the now privately-held automaker has been in contact with other parties "interested in exploring future possibilities with Chrysler" but said no new agreements had been reached. Read more ...
Oct
15th

Renault’s European sales drop 5% in September

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Renault gained market share in Europe despite a 5 percent sales decline to 119,597 units in September. Renault said its group market share, including sales by Romanian subsidiary Dacia, increased 0. Read more ...
Oct
15th

JAPAN: Markets worse than expected – Toyota

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Toyota Motor president Katsuaki Watanabe on Wednesday said the business environment had deteriorated more than expected and predicted North America's car market would remain slow until 2010. Read more ...
Oct
15th

BMW opens purchasing office in Mexico City

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MEXICO CITY -- The BMW Group today opened a regional purchasing office for Latin America here. BMW intends to seek business with companies across the region and strengthen alliances with its suppliers, the automaker said in a statement. Read more ...
Oct
15th

The MPG boosters

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Want to improve your fuel economy? Chipping cars is the latest idea. We tried it, and the results were great! Read more ...
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 van, insurance you can rely on is a must.
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