Automakers take a U-turn and welcome tighter emission standards
Cash-strapped US automakers took a U-turn and welcomed a move by President Barack Obama to potentially tighten emissions standards in the hope that it...
SKorean auto maker union calls for strike
The union of South Korea's ailing Ssangyong Motor on Monday called for its members to go on strike, in protest over potentially massive layoffs...
Spanish car sales plunge record 28 percent in 2008
Sales of new cars in Spain plunged a record 28 percent in 2008 as the country's economy suffered an abrupt downturn and demand plunged,...
Russia unveils package for crisis-hit auto industry
Prime Minister Vladimir Putin unveiled a lavish package on Friday to encourage Russians to buy only Russian-made vehicles, in a bid to help struggling...
Caravan of auto dealers, suppliers, workers to head to Washington
A group of auto dealers, suppliers and union workers are planning to drive a caravan of fuel-efficient, American-brand vehicles to Washington to press lawmakers...
Job slashing heightens global recession fears
Fears of more mass job cuts from the global economic crisis grew Friday as India warned half a million could be lost in its...
White House assails 'mindless' Congress on auto vote
The White House assailed Congress for putting off a vote on whether to bail out the struggling auto industry, blasting Democrats for their "mindless...
Japan's central bank warns of further risks
Japan's central bank warned Friday Asia's biggest economy may worsen, but it dampened hopes of further interest rate cuts to ease the recession, which...
No viable auto industry bailout plan
Democrats in Congress put off a vote on a bailout for crisis-hit "Big Three" auto makers until at least December, and ordered industry chiefs...
Paulson rules out aid to carmakers under rescue plan
US Treasury Secretary Henry Paulson on Wednesday ruled out the possibility of using part of the 700-billion-dollar rescue plan to help the struggling auto...
