US car giants consider cutbacks
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General Motors and Ford are both considering steep cuts in production, as their US sales slide in the face of Japanese competition.
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GM and Ford sales fell in October as the two largest automakers cut incentives. Sales rose at Chrysler and Toyota, helped by new models.
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DetroitÂs big rebates and interest-free financing deals have strengthened car sales for the last three years. But they have also eroded the resale value of many American automotive brands.
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The company may be ready for EU CO2 emissions-cap regulations, but says its customers prefer upscale models with bigger engines. Those V-8s will be a challenge to cap. In Autopia.
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Volkswagen , the world's fourth-largest carmaker, is considering building a new North American factory if the dollar stays weak, Chief Executive Martin Winterkorn said in an interview with German magazine Focus.
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General Motors Corp. and Ford Motor Co. this week reported disappointing US sales for August, prompting the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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US emergency cut in response to weakening economic outlook and recession fears
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DaimlerChrysler AG is looking at selling cars made by China's Chery Automobile Co. Ltd. in the United States through its Chrysler group, a German magazine reported yesterday. That could help the company meet demand for more fuel-efficient cars from American consumers.
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Detroit's Big Three automakers are "posturing" when they say they need a $30 reduction in hourly wages and benefits as they try to return to profitability, the United Auto Workers union president said on Friday.
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It's a health-care company with car issues. And fixing it may require reshaping the U.S. auto industry
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With its key product line in deep trouble, the carmaker has been forced take some dramatic action to salvage its turnaround plan
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Another disappointing sales month at General Motors Corp. and Ford Motor Co. led the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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US regulators asked automotive giants General Motors Corp. and Ford Motor Co. for information on how they account for pension and health care plans, the companies said on Tuesday.
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Continued depreciation in the dollar  is forcing Europe's largest carmaker Volkswagen to consider  building VW and Audi brand cars in the United States, the  company's sales and marketing head said.
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DaimlerChrysler  will consider a wide range of strategic options for its loss-making U.S. arm Chrysler Group, the world's fifth-biggest carmaker said in a statement on Wednesday.
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AUBURN HILLS, Mich. -- Analysts say 10,000 hourly workers probably will lose their jobs as part of DaimlerChrysler's effort to cut costs at its Chrysler Group by more than $2 billion, or $1,000 for every car sold in the United States.
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DETROIT, Michigan : General Motors Corp. dealers are scaling back their orders for new 2005 model year cars and trucks amid slow sales of older models, the Wall Street Journal revealed.