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- Auto industry resurgence stems from Obama intervention, White House says
The auto industry shed 400,000 jobs in 2008 and would have lost at least another 1 million if the Obama administration hadn't intervened to support General Motors and Chrysler, a White House report said today.
Переслать - BMW keeps luxury lead as German brands boost discounts
BMW outsold Mercedes-Benz and other luxury auto makes in May in the U.S. to widen its lead for the year as the European automakers increased discounts. BMW's U.S.Переслать - Spyker CFO stepping down as Saab raises more cash
As Saab Automobile struggles to get back on its feet, Spyker Cars NV announced Wednesday that its chief financial officer plans to resign. Hans Go will step down as statutory director of Spyker effective July 1, Spyker said in a statement today.Переслать - Saab receives another cash boost from new China partner
Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros.Переслать - May sales slide 4% on rising fuel prices, tight vehicle supplies
Toyota and Honda, hobbled by inventory shortages stemming from the March earthquake in Japan, posted sharp declines in U.S. sales last month, while South Korean rivals Hyundai and Kia advanced.Переслать - GM Financial to offer floorplan loan program for dealers
GM Financial plans to begin offering wholesale loans to dealers by year end, a move that could stoke competition and improve rates for dealers to finance new inventory.Переслать - Tesla: Factory on track for 2012 Model S launch
At Tesla Motors Inc.'s first annual shareholders meeting since going public last July, Tesla CEO Elon Musk provided a vision of using the full capacity of the former New United Motor Manufacturing Inc. plant it acquired from Toyota.Переслать - GM signs on to sponsor X Factor on Fox
General Motors Co.Переслать - Ghosn bows to France as gov't widens role after spy affair
Renault CEO Carlos Ghosn agreed to make development of upscale cars for French factories a "priority" as the government steps up its influence in the wake of a botched spy investigation.Переслать - Toyota recalls Prius, speeds return to full output
TOKYO -- Toyota Motor Corp. is recalling 106,000 units of its first-generation Prius hybrid vehicle to fix a power steering problem that can make the car difficult to turn.Переслать
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