Automaker General Motors has received another $US2 billion in government loans from the US Treasury to help sustain it as it continues battling for survival.

Payment was made on Wednesday, providing the company with more working capital and allowing it to keep operating until a government-mandated June 1 deadline, when GM must submit a new restructuring [...]

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With whispers of General Motors’ possible bankruptcy growing louder each day, auditors to the firm have released a report claiming there is “substantial doubt” surrounding the car maker’s ability to continue operations.

GM has struggled to generate cash flow in the worst automotive market for 27 years. Poor product planning, slow moving development of new models and [...]

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Have you noticed the ‘For Sale’ signs popping up around the neighbourhood? Automakers everywhere are standing on street corners, peddling their wares in the hope of attracting investors. The latest to offer a slice of itself is Aston Martin.

It appears there is more to the announcement of Aston’s Lagonda brand than just a brash new SUV-saloon-tourer-thingy [...]

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With no sign of slowing down, the global automotive sales slump continues to claim scalps. This time around Nissan has announced that over the next twelve months it will be shedding 20,000 jobs - paring back its total workforce by about 8.5 percent.

Nissan has also forecast that its end of financial year loss is expected [...]

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Fiat has joined the list of auto-makers seeking tax-payer funded financial assistance. Just over a week after announcing a joint venture partnership with Chrysler, Fiat has approached the Italian government with its hands out.

As Italy’s largest private-sector employer, Fiat may have to scrap up to 60,000 jobs if the company isn’t granted financial aid. Negotiations [...]

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In the current mess, the old adage that the ‘rich get richer’ may not now be quite so accurate. Bentley has announced that, due to dwindling demand, it will stop manufacturing operations for six to seven weeks between March and May of this year.

After posting a record sales result of 10,014 cars in 2007, the end-of-year results for [...]

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The jointly-developed Toyota/Subaru RWD coupe is undoubtedly one of the more hotly-anticipated new releases on the horizon, but now it seems that those hanging out for a budget tyre-burner from Toyota may have to wait a little longer yet.

Yep, it looks like the world’s slowly capsizing economy will be putting the brakes on yet another [...]

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The global economic crisis is fairly ripping its way through the balance sheets of the world’s car manufacturers, with Toyota being the latest to officially recognise the carnage. The world’s largest car manufacturer has forecast its first annual loss in 71 years.

Toyota has confirmed that it expects to post a loss of 150 billion yen [...]

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With new car sales on the slide in Australia, there is an ever-increasing number of cars with no place to call home. Off the boat, and with no room on dealers’ yards, manufacturers are being forced to find storage yards in which to park the excess stock – believed to be nudging 100,000 units nationwide.

Up [...]

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