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Shares of Toyota Motor Corp. plunged Wednesday following a major business daily report that Toyota's operating profit would fall 40 percent this fiscal year through March. ...more
October 9, 2008
If credit remains locked up and auto sales continue to slump, the federal government's $25 billion loan package for the auto industry could be a huge help in keeping Detroit's downtrodden automakers afloat, lawmakers and industry analysts say. ...more
September 30, 2008
General Motors Corp.'s treasurer said Wednesday that the automaker is planning to put its Strasbourg, France, manufacturing operation and its Hummer truck brand up for sale and may announce more asset sales later this year. ...more
September 25, 2008
More new-vehicle buyers than ever cite inadequate gas mileage as a reason for choosing one car over another, according to a study of vehicle preferences. ...more
September 25, 2008
Chrysler LLC said Tuesday it will put an electric car on sale in North America in 2010, revealing that despite missing out on the buzz surrounding the Chevrolet Volt, it is neck and neck with General Motors Corp. in the race to put a mass-produced electric vehicle on America's roads. ...more
September 24, 2008
Chrysler said Friday it is preparing to reveal some of its plans to its dealers next week, and one dealer said they will get a look at the next-generation electric vehicles the automaker is developing. ...more
September 20, 2008
General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles. ...more
September 17, 2008
General Manager Tony Rose said Plaza Chevrolet is a "little bitty store" compared to others. ...more
September 7, 2008
General Motors Corp. said Wednesday that it is extending its employee-pricing discount through the end of the month, saying the program's two-week run has been highly successful. ...more
September 4, 2008
General Motors Corp. opened a second plant in India on Tuesday, boosting its production capacity in the country from 85,000 to 225,000 vehicles a year. ...more
September 3, 2008
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