January car sales slump 17pc

Australian car sales continued to dwindle in January. Around 76,000 cars were sold in the month in seasonally...

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Chrysler asks for another $2B, layoffs planned

Chrysler LLC says it is asking for another $2 billion U.S. from the U.S. government to combat what it calls an...

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Opel Plans Own Restructuring Plan to Avert Layoffs

GM Europe says it will draft its own restructuring plan and is ready to discuss alliances and outside investments to...

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9 Bailout Surprises From GM and Chrysler

Back in December, economist Mark Zandi of Moody’s Economy.com told Congress that bailing out the Detroit...

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EIB may boost loans to ailing auto sector

(BRUSSELS) - The European Investment Bank is to consider lending seven billion euros in the first half of the year...

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