United States

Despite its attempts to shift away from the pick-ups and SUVs that have been a drag on sales as of late, General Motors (GM) is not entirely abandoning the segments that have traditionally... 2008-08-13

US carmaker Ford has achieved its goal of cutting 15% of its North American salaried workforce by August 1. As the company looks to further reduce costs, the white-collar job cuts... 2008-08-07

As financial pressures take their toll on the 'Big Three' carmakers, the Detroit News has reported a potential collaboration between Ford and General Motors (GM). Quoting company... 2008-08-06

US carmaker Chrysler has renegotiated the capital for its financing division and paid a higher rate of interest on the 'conduit financing', according to the UK's Financial Times.... 2008-08-05

General Motors is the latest carmaker to plan cutbacks for its salaried workforce. The company will reduce its US and Canadian white-collar staff by 15% - equating to around 5,100... 2008-07-31

US car manufacturer Chrysler has announced that it will be ending its vehicle leasing business from August 1 2008. Chrysler Financial will instead use the funds from its subsidizing... 2008-07-28

US car maker Ford has posted a loss of US$8.7bn for Q208, compared with a profit of US$750mn for the same period last year. The loss follows earnings of US$100mn in Q108, although... 2008-07-25