Japan economy shrinks at fastest pace in 35 years
TOKYO - Japan's economy contracted in the fourth quarter at the fastest pace in 35 years as a collapse in global demand continues to drain the life from the world's second-largest economy.
Nations:Japan Activities:Taro Aso Admin. 2008 Japan Recession
2009-02-15
Nissan to slash 20,000 jobs and sees annual loss
TOKYO - Nissan is slashing 20,000 jobs, or 8.5 percent of its global work force, to cope with what Japan's third-largest automaker expects will be its first annual loss in nine years.
Nations:Japan Spain Activities:2008 Japan Recession Source:(AP)
2009-02-09
Detroit auto show strips out glitz in rough times
DETROIT - The streets of downtown Detroit will be free of cattle this year, and there won't be any Jeeps flying through the windows of the convention center.
Nations:U.S. Activities:2009 Detroit Int'l Auto Show 2008 U.S. Automaker Crisis Source:(AP)
2009-01-10
Chrysler sales drop 53 pct; others not much better
DETROIT - Chrysler LLC's December U.S. sales plunged by more than half and it sold 30 percent fewer vehicles in 2008, dwarfing the steep declines at the other major automakers as consumers remained uncertain about the economy and their jobs.
Nations:U.S. Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-01-05
Chrysler, Ford idle factories, GM delays new plant
DETROIT - Chrysler is closing all its North American manufacturing plants for at least a month, the starkest move yet taken by U.S. automakers as they anxiously await word about government loans.
Nations:U.S. Canada India People:Henry Paulson Activities:2008 U.S. Automaker Crisis Source:(AP)
2008-12-18
Auto job losses continue as Chrysler, GM make cuts
DETROIT - The employment carnage in the ever-shrinking U.S. auto industry continued Thursday as Chrysler LLC announced it would get rid of 1,825 factory jobs and General Motors Corp. trimmed some benefits and said it would make further white-collar cuts.
Nations:U.S. Activities:2008 U.S. Automaker Crisis
2008-10-23
Asian markets mixed after Australia's big rate cut
SEOUL, South Korea – Asian stocks were mixed Tuesday as a big interest rate cut in Australia helped spur recoveries in several regional markets, sparking hopes that other central banks will lower rates to help loosen the global credit crunch.
Nations:Australia South Korea Japan France Activities:Asian Markets Global Financial Crisis
2008-10-07
US auto sales slump to 16-year low in July
DETROIT - U.S. auto sales slumped to a 16-year low in July as automakers failed to keep up with consumers' growing demand for smaller, more fuel-efficient vehicles. While production changes may help that problem, trouble in the credit and auto leasing markets will continue to take a toll on sales.
Nations:Canada Activities:2008 U.S. Automaker Crisis Source:(AP)
2008-08-01
General Motors holds off Toyota as June sales fall
DETROIT - General Motors Corp. soundly beat Toyota Motor Corp. in June to retain its traditional U.S. sales lead, but GM sales still dropped 18.2 percent during a dismal month for large automakers.
Activities:2008 U.S. Automaker Crisis Source:(AP)
2008-07-01
GM in early talks to buy Chrysler: source
General Motors Corp. (NYSE:GM) is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG (DCXGn.DE) (NYSE:DCX), or to strike a strategic alliance with the rival automaker, sources familiar with the situation said on Friday.
Nations:U.S. Germany Canada
2007-02-16
U.S. regulators revoke steel tariffs
Trade regulators on Thursday revoked most of the 13-year-old tariffs and duties against imports of a high-grade steel used in cars, giving U.S. and Japanese automakers a holiday surprise.
Nations:Canada U.S. Germany Japan France Australia Activities:2002 U.S. Steel Tariff
2006-12-19
GM-Renault/Nissan alliance talks off
After nearly three months of talks, General Motors Corp. announced Wednesday that it had discarded a scheme to forge a broad, global alliance with Renault and Nissan after the other two automakers declined to pay a premium for reaping what GM said would have been a disproportionate share of the benefits.
People:Kirk Kerkorian
2006-10-04
| 
