Automotive industry crisis of 2008

2012/05/24 04:51

11h

Toyota denies plan for $6k cars in India

Toyota denied a press report that it was to begin selling cars in India priced at around $6,000 as the Japanese auto giant looks to boost its share of the country's growing affordable car...

2012/05/24 04:51

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2012/05/24 04:51

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2012/05/23 21:07

19h

Autoworkers pushed to limit as many plants max out

Automakers are pushing factories and workers to the limit to try to meet burgeoning demand for new vehicles. Some plants are adding third work shifts. Others are piling on worker overtime and six-day...

2012/05/23 13:25

1d

May U.S. auto sales seen up 30%, Kelley reports

The expected sales of 1,378,000 vehicles in May would translate to an annual selling rate of 14.2 million vehicles, matching January for the lowest pace of the year, Kelley Blue Book said. However,...

2012/05/22 18:00

1d

Britain says GM given no special deal over Astra

General Motors, which operates under the Vauxhall brand in Britain, said last week it would build the car in the UK after workers at its factory in Ellesmere Port, north-west England, agreed a new...

General Motors Vauxhall Motors Ellesmere Port regional growth fund Reuters

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2012/05/22 05:09

2d

Luxury cars roaring in China

Sales of luxury vehicles to the affluent buyers have been booming in China, the biggest automobile market in the world, while the number of first-time car buyers is also on the rise in small and...

2012/05/21 05:04

3d

Vietnam carmakers warn of shutdowns due to low sa...

The Vietnam Automobile Manufacturers Association says many car assembly plants may have to shut down as sales fell sharply in the first four months, forcing carmakers to cut down their target for the...

Read more at FOX News, FOX News

2012/05/18 00:42

6d

China Car Dealerships Struggle as Stockpiles Rise

Chinese dealers are struggling with the rising number of unsold cars that’s threatening to deepen price cuts, according to the nation’s biggest automobile dealers’ association. Dealerships for Honda...

Read more at BusinessWeek, Zero Hedge, Bloomberg

2012/05/17 17:22

6d

Biden Defends Auto Bailout

MARTINS FERRY - More than 400 people packed the Staffilino Chevrolet parking lot this morning to hear Vice President Joe Biden tout the success of the auto industry bailout, while another 100 gathered...

Joe Biden Barack Obama Chrysler General Motors Chevrolet Cruze

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2012/05/17 10:52

7d

CBA set to post first $7b bank profit

Commonwealth Bank of Australia (CBA) is on track to be the first of the big four to post a $7 billion full year profit. Australia's largest lender made a $1.7 billion net profit in the three months...

2012/05/17 06:39

7d

Detroit 3 forecast to regain market share in next...

Detroit's automakers should regain some of their lost market share with strong new vehicles coming to market over the next four model years, largely at the expense of the Korean carmakers, according...

2012/05/17 03:16

7d

Ford to Replace U.S. Models Fastest, BofA Says in...

Ford Motor Co. (F) (F) will lead the industry in introducing new or refreshed vehicles in the U.S. at the fastest rate for model years 2013 through 2016, according to a Bank of America Merrill Lynch...

2012/05/16 08:16

8d

Europe Car Sales Fall for Seventh Straight Month

European car sales dropped for a seventh consecutive month, with Renault SA (RNO), Toyota Motor Corp. (7203) and Fiat SpA (F) posting the biggest declines, as consumers tightened spending amid a weak...

2012/05/15 05:12

9d

Detroit auto companies show gains among big suppl...

Published: 5/15/2012 - Updated: 53 seconds ago Detroit auto companies show gains among big suppliers DETROIT — A survey of employees at auto suppliers about their relationships with the biggest auto...

2012/05/15 00:39

9d

GM circles as Ally aims to unload international a...

Struggling U.S. lender Ally Financial Inc. ALLY.PR.B-N is auctioning off its Canadian banking division as part of the sale of more than $30-billion (U.S.) worth of international assets as it seeks to...

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