Autos News

Toyota to suspend car production in Japan

Toyota employees work the assembly line at the Japanese automaker’s factory in Kitakyushu city, Fukuoka province, Japan. Facing sharply reduced production amid faltering U.S. sales, Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March.Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March as it grapples with shrinking global demand.


GM delivers the new presidential limo

Jan. 6: Along with a 10-disk CD player and hand-stitched leather, President-elect Barack Obama's new presidential limo is equipped with 5-inch thick armor, bullet-proof glass and a sealed interior to ward off chemical attacks. (MSNBC)The Detroit News reported Tuesday that a new model of a presidential limousine made by General Motors Corp. has been delivered to the Secret Service.


Major automakers report U.S. sales plunge

The bleak numbers, according to both industry officials and analysts, mean that record high rebates and low-interest financing deals will stick around until at least February.Huge rebates and zero-percent loans couldn’t overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year.


Hyundai: Can’t make payments? Just return it
Can't make the payments on that new car you just bought? No problem — just return it free of charge.

Cadillac unveils new SRX before Detroit show

The new SRX looks faster than its boxy predecessor, with a curving roofline and a more rounded nose that still retains an aggressive look.General Motors Corp. is counting on the 2010 Cadillac SRX crossover vehicle to lure luxury car buyers with new design and performance features.


Eight alternatives to Detroit’s ‘Big Three’
Don’t want to buy a car from GM, Ford or Chrysler? There’s a good number of alternative North American carmakers out there. Here’s a list.

GMAC gives up some GM car financing rights
GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors financing incentives.

Chrysler says it's received $4B bridge loan
Chrysler's chief says the automaker has received an initial $4 billion loan from the U.S. Treasury Department.

Visteon cutting worker hours, pay in Mich.
Automotive supplier Visteon Corp. said Friday it will shift more than 2,000 workers to a four-day week and cut their pay by 20 percent.

GMAC loosens credit to expand auto lending

Dec. 30: CNBC's David Faber details the government's $6 billion loan to GMAC Financial Services. (CNBC)The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp.


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