Honda, the Japanese carmaker, has announced it is to temporarily close its plant in Swindon for 50 days next year. During the closure, which will take place in February and March 2009, the factory’s 4,800 employees will receive basic pay, confirmed the ...

A judge has temporarily blocked the state from laying off workers at a central Illinois prison it plans to close by the end of the year. Livingston County Judge R. Michael Travers issued a temporary injunction late Friday in a lawsuit brought by the American F...

New Delhi: Japan's biggest carmaker, Toyota Motor Corp, is all set to axe three thousand jobs in Japan. According to Toyota's spokesman,Toyota will cut its domestic temporary workforce by 50 per cent as vehicle demand slumps.

on a Reuter's report about Hyundai's rumored interest in the troubled Auburn Hills brand, and it's over. Hyundai has flat-out denied any involvement in talks with Chrysler, and more so has stated that they have no interest at all.

www.endeca.com - Endeca Technologies, Inc., a search and information access software company, today announced that Ford Motor Company, has selected and deployed Endeca's Spend Analysis solution, built on the Endeca(R) Information Access Platform (IAP).

The nation's competition watchdog has defended its role in the downfall of childcare provider ABC Learning. It was not up the regulator to consider whether the company's ambitious acquisition program would send it broke, Australian Competition and Consumer Com...

It is reported that Ford Motor Co is slashing its stake in Japan’s Mazda Motor Corporation by nearly two thirds, joining other struggling US automakers in a fire sale of prized assets to stay afloat.

New York, NY .- AOL and General Motors (GM) have launched a new website, Small Business Autos, http://smallbusiness.aol.com/business-auto-center , that provides tips and background to help small businesses with their auto needs.

For the third quarter 2008, revenue was $32.1 billion, compared to revenue of $41.1 billion for the same quarter of 2007. For the first nine months of 2008, revenues were $110.1 billion, compared to revenues of $128.

Ford took the covers of its updated Fusion range at this weekâs Los Angeles Auto Show, introducing a new Sport version and a range-topping Hybrid model. The carmaker has announced pricing for the full range, starting with the entry-level Fusion S at $19,270.

The Italian team are the most successful in the history of F1. They are the only outfit to have taken part in every season since the world championship's inception, in 1950, and this weekend's Brazilian Grand Prix will be the team's 776th such race.

Toyota slashes forecast after profits fall 69% Toyota Motor reported a second-quarter 69 per cent plunge in net profits and warned it would barely make money in the second half owing to falling U.

Upon settlement of these options, Porsche will receive in cash the difference between the then actual Volkswagen share price and the underlying strike price in cash. The Volkswagen shares will be bought in each case at market price.

Nissan has announced that their entry-level car will get a new entry-level trim level, the Versa 1.6 sedan, and that it will be the cheapest car in America for 2009 with a base price of $9,990 -- although I imagine it'll have the same $695 destination charge a...

Nissan has yet to make a formal announcement concerning complete pricing information for its 2009 Nissan 370Z , but at its special 370Z area at the automaker's Nissan USA consumer Web site , it has revealed the base price of the all-new Z, listing it at $29,93...

The fine imposed on Lewis Hamilton's McLaren Formula One team for spying on Ferrari sent it deep into the red last year but Hamilton's World Championship win this year should create record profits.

HOMESTEAD, Fla. - NASCAR has suspended all testing at its sanctioned tracks next season in a cost-cutting measure that should help teams save several million dollars in their 2009 budgets.

Nov 7 (Reuters) - Sports news in brief from around the world on Friday.