Ford cuts 850 jobs as new car sales fall by 30%

MOTORING giant Ford is to axe up to 850 jobs in the UK on the day it was announced that new car sales had slumped by...

Read More →

Toyota shuts down all but one assembly line

TOYOTA CITY, Japan (CNN) -- On what was to be a historic day halting all of Toyota's Japanese assembly lines,...

Read More →

Purchases Fell as Incentives Climbed

Automakers piled discounts on their vehicles in January in an unsuccessful attempt to slow the drop of auto...

Read More →

Honda starts selling cheap hybrid Insight

Honda introduced Thursday the cheapest hybrid on market, starting at 1.89 million yen ($21,000) in Japan and under...

Read More →

BMW Targets 20,000 Car Sales In Russia 2009

. More than two thirds of the vehicles sold are in the upper class and luxury segments; while sales of models in the...

Read More →