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Toyota plans to open a second plant in Russia


September 22nd, 2010 - 8:03 pm ICT by BNO News
ST. PETERSBURG, RUSSIA (BNO NEWS) – Toyota Motors on Tuesday unveiled that the Japanese vehicle manufacturer plans to open a second plant in Russia, local media reported.According to RIA Novosti, the President ... Read more...

Posted in Business |

Canada unveils $4 bn interim loan to GM, Chrysler


March 31st, 2009 - 1:44 pm ICT by IANS
Toronto, March 31 (IANS) Canada Monday announced $4 billion in interim loans to General Motors (GM) and Chrysler as the struggling auto giants undertake government-supervised restructuring plans. Unlike the Obama administration ... Read more...

Posted in Business |

GM freezes wages in Canada till 2012


March 9th, 2009 - 10:36 am ICT by IANS
By Gurmukh Singh Toronto, March 9 (IANS) To cut costs, auto giant General Motors (GM) Sunday froze wages and pensions for its Canadian workers until 2012. The struggling company, which will get ... Read more...

Posted in World |

Canada unveils $3.5-billion bailout for auto industry


December 13th, 2008 - 10:18 am ICT by IANS
Toronto, Dec 13 (IANS) Even as the US Senate rejected a $14-billion bailout for its three auto giants, Canada Friday unveiled its own $3.5-billion aid package for the struggling subsidiaries of General ... Read more...

Posted in Business |

In US, buy one car and get one free!


December 11th, 2008 - 2:35 pm ICT by ANI
New York, Dec.11 (ANI): Desperate for sales of their cars in the wake of the Wall Street meltdown, car dealerships in the Apple City, are offering huge and deep discounts. According to ... Read more...

Posted in National |

In US, buy one car and get one free


December 11th, 2008 - 2:32 pm ICT by ANI
New York, Dec.11 (ANI): Desperate for sales of their cars in the wake of the Wall Street meltdown, car dealerships in the Apple City, are offering huge and deep discounts. According to ... Read more...

Posted in National |

American tax payers ready to let Big Three automakers go under


November 22nd, 2008 - 5:12 pm ICT by ANI
New York, Nov.22 (ANI): Nearly half of Americans say they are ready to let the Big Three automakers go out of business rather than rescue the sputtering car companies with taxpayer ... Read more...

Posted in National |

GM, Ford report massive losses, get assurance from Obama


November 8th, 2008 - 11:37 am ICT by IANS
Washington, Nov 8 (DPA) The two major US automakers, Ford Motor Co and General Motors Corp, have reported massive third-quarters losses as the ailing industry continued to lose cash and shed jobs.Ford, ... Read more...

Posted in Uncategorized |

Leading US automakers GM, Ford looking into an abyss


October 12th, 2008 - 9:47 am ICT by IANS
Detroit, Oct 12 (DPA) US automakers are looking right into an abyss and experts note that the US economy is facing its next health problem following the collapse of its financial sector.After ... Read more...

Posted in Business |

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