AUTO

GM to reopen talks with UAW this week

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General Motors is set to resume negotiations with the United Auto Workers union this week and believes everything should be open for discussion, the company's chief executive said on Tuesday.
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Honda forecasts small annual profit as costs cut

Honda Motor Co (7267.T) forecast a small profit for this year as it cuts costs to counter plunging car sales and a strong yen, and said its leading position in motorcyles is helping it cope with the severe global slowdown.
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GM's Chevy Volt a Key Part of Automaker's Restructuring

General Motors Corp. unveiled its restructuring plan on Monday, which may help it avoid filing for bankruptcy protection, focusing on new product developments including a confirmation of current development plans for its highly anticipated electric vehicle, the Chevy Volt.
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GM to slash 21,000 blue collar jobs

General Motors Corp. said Monday it would cut its factory workforce by 21,000 by end of 2010 and seek to do a debt for equity swap with government for more than half of its government debt as part of its restructuring plan.
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VW, Peugeot, Volvo highlight auto sector woes

Plunging profit at Volkswagen (VOWG.DE), slumping sales at PSA Peugeot Citroen (PEUP.PA) and job cuts by Volvo (VOLVb.ST) on Wednesday highlighted the dire state of Europe's automotive industry.
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U.S. to give Chrysler, GM new aid

The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors Corp restructure outside of bankruptcy, an independent oversight report on the Treasury Department's corporate rescue fund said on Tuesday.
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China brings hope, threat to global automakers

Top auto executives projected sales growth of up to 10 percent this year in China, but this lone bright spot among the world's major car markets is also producing ambitious potential rivals to the global auto majors.
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U.S. and Fiat to name Chrysler board on alliance

The U.S. government and Italian carmaker Fiat SpA will appoint a board of directors for embattled automaker Chrysler following the completion of a proposed alliance between the companies, Chrysler Chief Executive Bob Nardelli said on Thursday.
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VW sales may overtake Toyota as world leader

Volkswagen's global vehicle sales fell by 11.4 percent in the first quarter but its market share gains may have let it overtake Japan's Toyota Motor as the world's top-selling automaker.
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Brazil's auto industry markets ethanol as green

The big four auto makers in Brazil joined forces with the Sugar Cane Industry Association (Unica) on Wednesday in a campaign aimed at expanding the use of cane-based ethanol in flex-fuel vehicles.
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Fiat CEO says other options to Chrysler deal

Fiat SpA's chief executive said there were other options to a partnership with troubled U.S. car maker Chrysler LLC although he still wanted seal the deal by the April 30 deadline set by Washington.
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Hyundai Motor sees no recovery sign yet

The global car industry is showing no convincing signs of recovery yet as sluggishness in developed economies has deeply dented demand, a Hyundai Motor Group vice chairman said on Wednesday.
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GM creditor cracks show as bankruptcy looms

The risk of a General Motors Corp bankruptcy is rising, causing bondholders to pursue independent strategies to protect their interests if GM's survival battle moves to bankruptcy court, two sources close to the government talks with GM said on Tuesday.
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Honda unveils dog-friendly car

Dog-crazy Americans will soon be able to buy a pet-friendly car with a cushioned dog bed in the trunk, fitted with a built-in water bowl and fan and a ramp to help less agile dogs climb in.
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U.S. University develops high-tech solar car

An advanced solar car that can cruise in a range from 50 to 60 miles per hour and weighs less than 500 pounds is being developed by students at the Massachusetts Institute of Technology.
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6 Tips For Saving Gas

In the past months we have seen the price of gasoline soar higher than ever before, and this can be hard on people who have a budget that is tight.
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The Real Cost Of Your Car

Owning a car is very expensive. The real expense involves much more than your purchase price, or monthly car payment.

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