Obama, Bush discuss world of challenges
US president-elect Barack Obama met President George W. Bush for face-to-face talks at the White House, with help for the ailing US auto industry...
German auto parts maker Schaeffler to cut production
German auto parts maker Schaeffler, which owns much of compatriot Continental, will cut output owing to effects of the financial crisis and economic slowdown,...
US auto sales take a beating
US auto sales took a beating in September as the nation's worsening economy turned dealer showrooms into ghost towns and major automakers reported sales...
US auto market fails to come out of skid
Automakers saw another painful slide in US sales in August with consumers cautious amid a weak economy, monthly data showed Wednesday, raising the odds...
Carmakers falling short on EU emissions targets
Car makers are not doing enough to meet proposed EU targets for cutting carbon dioxide emissions, according to a report Tuesday, with some German...
China sees brisk growth in auto imports, exports slow
China's auto imports grew rapidly in the first half of 2008, underlining its increasing importance as a market for carmakers, but export growth slowed,...
North American slump hurts Magna Q2 profits
Canadian auto supplier Magna International Inc. said today that it posted lower net income and sales for the second quarter as its North American...
Carmax delays store openings, cuts inventory
Carmax Inc., the largest U.S. retailer of used cars, said on Wednesday it would delay the planned openings of several stores due to a...
US auto sales slam on brakes in July
US auto sales braked hard in July, automakers said Friday, as consumers avoided big-ticket spending in the face of rising unemployment, falling home prices...
Visionary Vehicles sues China's Chery Auto
Entrepreneur Malcolm Bricklin's Visionary Vehicles has filed a lawsuit accusing China's Chery Automobile Co. of defrauding the company after the two formed a joint...
