WASHINGTON, Nov 21 - Any congressional bailout of the distressed U.S. auto industry is not intended to be "life support," but doing nothing "is not an option," House Speaker Nancy Pelosi said on Friday. "We...
Shanghai, September 27 (Gasgoo.com) Chinese Vice Premier Zhang Dejiang recently stressed the stable, sustainable development of the auto sector with enhanced innovation, industry restructuring and a boost to auto parts manufacturing, xinhuanet.com reported today.
TAIPEI, May 5 - Taiwan plans to open up its auto sector and part of its flagship technology industry to investments from China, an official said on Tuesday, as both sides forge closer trade ties...
LONDON --The U.K. government will consider giving "appropriate support" for the auto sector, the prime minister's spokesman said Wednesday. "Obviously we want to work with our car manufacturers" to see "what appropriate support the government...
Germany says its offer to help Opel is a one-off and that no blanket aid for carmakers is needed, but politicians may have to reverse course, as they did for the banking sector, if an auto industry slump worsens...
Shanghai, November 17 (Gasgoo.com) China's Ministry of Commerce said yesterday that it will investigate the U.S. government's financing and rescue plans for the American auto industry, Shanghai Daily reported.
* Auto suppliers Valeo, Dura looking to buy assets * UAW chief: Ford health a factor in rejected concessions (Updates with final auto sales figures and GM's decision to keep Opel) DETROIT/PARIS, Nov 3 -...
* Auto suppliers Valeo, Dura looking to buy assets * UAW chief: Ford health a factor in rejected concessions DETROIT/PARIS, Nov 3 - The global meltdown and resulting implosion in vehicle sales over the past...
By Gao Xiaohui With the current car production boom in China, the country is set to host the fastest recovery among global car markets. In China's booming car market that is set to lead the world's auto consumption, boosted by tax cuts and government stimulus spending, major producers and exporte...
Disregarding an industry-wide crisis, auto manufacturers are spreading on the luxury at the Frankfurt Motor Show that began Tuesday, with one example being a new blood-red Mercedes with 571 horses under the hood and gull-wing doors. The SLS AMG roadster, which harks back to the mythical 1950s-era...