Swedish truckmaker on Wednesday said it will suspend its truck production in Europe for one month because of a drop in orders.
Ford’s November sales dropped 31 percent, Toyota's tumbled 34 percent and Honda's fell 32 percent, dashing hopes that the industrywide drop in vehicle demand might be easing.
GM says it needs $4 billion in government loans this month and a total of $12 billion by late March to keep operating, as it plans to slash workers, brands and plants by 2012.
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Eager to avoid another scathing lecture from Congress, CEOs of America's two biggest automakers will travel to Washington hearings this week in hybrid vehicles made by their companies.
Specialty chemicals maker to pay up to $140 million to settle a class-action lawsuit stemming from its use of an attic-insulating product that contained asbestos.
Industrial production fell 1.7 percent in October as the global financial meltdown sends shockwaves through Latin America's largest economy.
Semiconductor Equipment and Materials International said the market will see a 28 percent decline for 2008 and likely decline another 21 percent in 2009.
Treasury Secretary Henry Paulson says China must continue allowing its currency to rise in value against the dollar as part of reforms to address trade tensions with the U.S.
Automaker's president isn't giving details of the business plan that will be presented to Congress, but says it will tackle product mix, vehicle pricing and quality and fiscal responsibility.
Automaker is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it.
Automakers are presenting Congress with plans to restructure their ailing companies and provide assurances that the $25 billion funding will help them survive and thrive.
CEO Alan Mulally said he'll work for $1 per year and will cancel all Ford management employees' 2009 bonuses if the automaker has to take any government loan money.
Lansing, Michigan’s mayor says the government must step in and save the troubled auto industry because it is indispensable to America's national security.
World's largest cell phone maker launching a new phone next year designed to compete with Apple's iPhone and Research In Motion BlackBerrys at the high end of the market.
Some 5,000 steel workers protested outside European Union headquarters to demand their industry be exempt from planned emission cuts, which they fear will lead to job losses.
UAW leaders from across the country will hold a meeting in Detroit Wednesday to discuss concessions the union could make to help automakers get government loans.
Automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments.
Bankruptcy judge said Monday that auto supplier Delphi can continue to access the proceeds of $4.35 billion in loans after the Dec. 31 expiration date.