Advertisement
Automotive
Subscribe to Automotive
View Sample

FREE Email Newsletter

Daily news and top headlines for manufacturing professionals

Washington May Bailout U.S. Automakers

October 28, 2008 6:06 am | by Tom Krisher, AP Auto Writer | News | Comments

Momentum is building in Washington to aid wounded U.S. automakers with cash to help their finance arms and possibly even help seal a deal for GM to acquire Chrysler.

Honda Cuts Vehicle Output In Britain

October 28, 2008 5:51 am | News | Comments

Japan's second-biggest automaker said Tuesday it would cut vehicle production by 10 percent in Britain due to faltering demand in Europe.

Report: Canada's Auto-Parts Makers Need $1B In Loans

October 28, 2008 5:45 am | News | Comments

Canada's auto-parts makers need up to $1 billion in immediate short-term loans to help them survive during the liquidity crisis, says an industry report.

Advertisement

Canada Eyes GM’s U.S. Aid Request To Buy Chrysler

October 27, 2008 11:20 pm | News | Comments

Ontario is keeping a close watch on an apparent request by General Motors for a $10-billion rescue package from the U.S. government to aid in its purchase of Chrysler.

Tax Credits To Cut Plug-In Electric Cars' Price Tags

October 27, 2008 1:20 pm | by Ken Thomas, Associated Press Writer | News | Comments

Plug-in electric vehicles from GM and Toyota are not expected to hit showrooms for more than a year, but the first buyers will be eligible for a tax credit that could reach $7,500.

Toyota's Global Sales Tumble

October 27, 2008 8:33 am | News | Comments

Japanese automaker's global sales in the July-September quarter were down 4 percent, falling for the first time in seven years, due to faltering demand in the U.S.

General Motors To Temporarily Idle Two Plants

October 27, 2008 8:00 am | News | Comments

Automaker will temporarily close its Detroit-Hamtramck plant and a facility in Bowling Green, Ky., in the coming months to keep inventory in line with lower demand.

SKF Moving Illinois Production

October 27, 2008 6:40 am | News | Comments

Swedish bearings maker said Monday it plans transfer production from its Elgin, Ill., facility to other factories in Mexico and the U.S. to remain competitive in the U.S. automotive market.

Advertisement

Japanese Auto Output Slides

October 27, 2008 5:25 am | by Shino Yuasa, Associated Press Writer | News | Comments

Global vehicle production by Toyota and Nissan declined in September due to a prolonged slump in the U.S. auto market amid growing recession fears.

Toyota Building 7th Plant In China

October 27, 2008 5:25 am | News | Comments

Japan’s top automaker said Monday it would invest $586 million in a new factory in China to produce 100,000 units of a popular Corolla model per year.

Porsche Plans To Increase VW Stake

October 27, 2008 5:20 am | News | Comments

Volkswagen's biggest shareholder said on Sunday that it had lifted its stake to 42.6 percent and plans to increase it to 75 percent by 2009.

GM Extends Temporary Shutdown Of Delaware Plant

October 24, 2008 12:20 pm | News | Comments

Automaker says it will extend the temporary shutdown of its Wilmington, Del., assembly plant for three more weeks because of slow demand for the vehicles it makes.

GM Shares Dive As Global Market Falls

October 24, 2008 10:36 am | News | Comments

General Motors was the biggest percent loser on the Dow Jones industrials index as the broader market headed lower and talks continued between it and crosstown rival Chrysler.

Advertisement

European Automakers Struggle Amid Financial Crisis

October 24, 2008 9:10 am | by Emma Vandore, AP Business Writer | News | Comments

Carmakers in Europe are taking a beating from the financial crisis, announcing an alarming series of profit warnings and production stoppages this week.

Layoffs Continue As Chrysler, GM Make Cuts

October 24, 2008 5:45 am | by Tom Krisher, AP Auto Writer | News | Comments

As the shaky U.S. economy speeds the industry’s out-of-control slide, more job cuts are likely if U.S. auto sales volume continues to decline into 2009.

'Massive' Production Cuts Coming At Peugeot-Citroen

October 24, 2008 5:28 am | by Emma Vandore, AP Business Writer | News | Comments

Chief Executive said the company is reacting to the 'collapse' of the European auto market by cutting production to prevent a buildup of inventories.

VW's Sales Up Almost 4 Percent

October 24, 2008 5:17 am | by George Frey, AP Business Writer | News | Comments

Volkswagen said sales rose 3.9 percent through September as a slowdown in new car buying in western Europe was offset by gains in China, Brazil and eastern Europe.

Toyota's Scion Tops Reliability Study

October 23, 2008 10:54 am | News | Comments

Scion brand tops the list of most reliable cars in Consumer Reports' annual vehicle reliability study, as Asian automakers continue to fill the magazine's top rankings.

Lawmakers Want Federal Help On Consumer Car Loans

October 23, 2008 10:34 am | by Ken Thomas, Associated Press Writer | News | Comments

Michigan lawmakers intend to urge Federal Reserve Chairman and Treasury Secretary to use their regulatory powers to loosen up credit to help finance car loans.

Judge Extends Delphi Bankruptcy Reorganization

October 23, 2008 8:50 am | by Bree Fowler, AP Auto Writer | News | Comments

Bankruptcy judge says Delphi Corp. can have more time to file and make changes to its plan to emerge from bankruptcy protection without the input of its creditors.

Chrysler Eliminating 1,825 Jobs

October 23, 2008 8:27 am | by Tom Krisher, AP Auto Writer | News | Comments

Automaker will cut one shift at a Toledo, Ohio, Jeep plant and moves up the closure of its SUV factory in Newark, Del., to the end of this year.

GM Suspends Benefit Programs

October 23, 2008 6:25 am | by Dan Strumpf, AP Auto Writer | News | Comments

Automaker said it will suspend several benefit programs for salaried workers as of Nov. 1 as it seeks to cut costs in the difficult auto market.

Volvo Looks To Cut Over 2,000 Jobs

October 23, 2008 6:16 am | News | Comments

Sweden's Volvo AB says it plans to slash 850 more jobs at its construction equipment unit and has given notice to 1,400 workers at truck plants in Belgium and Sweden.

Chrysler Downplays Merger Talk

October 23, 2008 5:35 am | by Tom Krisher, AP Auto Writer | News | Comments

Reports that Chrysler is being shopped for sale by its owners are just speculation, Vice Chairman and President Jim Press said Wednesday night.

Daimler Posts 3Q Profit As Sales Tumble

October 23, 2008 5:34 am | by Matt Moore and George Frey, AP Business Writers | Airbus | News | Comments

German automaker reported profit of $273.5 million, reversing a year-ago loss, but reported a fall in North American sales and abandoned its 2008 earnings forecast.

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading