BERLIN, Jan 20 - German Chancellor Angela Merkel criticised U.S. subsidies to its auto industry on Tuesday, saying the aid threatened to distort competition and was not a long-term solution to the struggling sector's problems....
DETROIT, Jan 15 - General Motors Corp said on Thursday it expected this year's U.S. auto sales to drop to their lowest level...
DETROIT, Jan 13 - Top automotive industry executives gathered at the media preview for the North American International Auto Show in Detroit, starting on Sunday. Following are some of the notable quotes: MIKE JACKSON, CEO,...
China's auto sales grew 6.7% year-on-year to 9.38 million units in 2008, the first single-digit growth rate since 1999, the official Xinhua News reported, citing statistics released by the China Association of Automobile Manufacturers (CAAM), CAAM said sales of passenger cars including sedans, multipurpose...
DETROIT, Jan 12 - Industry-wide auto sales in China may decline as much as 10 percent in the first half of 2009 compared to a year ago before "robust growth" resumes, General Motors Corp's <GM.N>...
Jan. 9, 2009 (China Knowledge) - Chery Automobile Co. Ltd (Chery Auto), one of the leading Chinese home-grown auto makers, announced its vehicle sales declined approximately 6.6% to 356,000 units in 2008 from 381,000 units...
Jan. 5, 2009 (China Knowledge) - Chinese government will unveil a stimulus package to boost the auto market soon, the People's Daily reported.The new policies put a special focus on the promotion of low-emission vehicles,...
U.S. stock index futures pointed to a higher open on Tuesday after Washington expanded its bailout of the auto industry, while volume was expected to be light in the holiday-shortened week...
Dec. 30, 2008 (China Knowledge) - Beiqi Foton Motor Ltd<600166> plans to invest RMB 5 billion in a new energy auto design and manufacturing base in Beijing, sources reported. With a production capacity of 5,000...
The U.S. government said on Monday it was pumping $5 billion into auto and mortgage lender GMAC LLC and lending up to $1 billion to automaker General Motors, ensuring the solvency of a company considered crucial to GM's survival...