Ford Motor Co. may look to shed its lone remaining European marque, announcing today that it is mulling the sale of its Volvo unit. The global economic upheaval has the automaker willing to cut Volvo loose, according to Ford CEO Alan Mulally.

Ford said that, as a result of its turnaround plan, it believes its core North American auto operations will be breakeven or profitable in 2011 on a pre-tax basis. The company had previously set a goal of returning those operations to profitability next year b...

Aston, which is based in Gaydon, Warwickshire in the UK, will cut 300 permanent workers and an equal number of contractors. Furthermore, the staff will receive an extended Christmas vacation as production will not resume for an additional two weeks after the n...

In this Nov. 28, 2006 file photo, Chairman and CEO of General Motors Rick Wagoner, left, and PGA golfer Tiger Woods introduce the 2008 Buick Enclave at the Los Angeles Auto Show in Pasadena, Calif.

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.

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.

Two men will face a Melbourne court charged over an alleged plot to hijack a truck carrying up to $1.6 million in cigarettes. Steve Fabriczy, 53, of Rowville, and Morad Zeitoune, 44, of Narre Warren North, have been charged with one count each of conspiracy to...

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 ...

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.

\"The nose looks pointier, the power-bulge is more pronounced, and the front turn signals are out of the bumper and inside the headlamp clusters. The much-ballyhooed new pony badge is in a vertically tighter grille.

Brian Cooley is an editor at large who keeps his fingers on the pulse of consumers' attitudes toward tech. His specialty is CNET Car Tech videos, but, frankly, most people have seen him on the TVs at Costco (or in one of his '60s Fords or Fiats).

Bloomberg reported that Toyota Motor Corporation will cut its domestic temporary workforce by 50% as vehicle demand slumps globally. Mr Paul Nolasco spokesman of Toyota said that it will cut the number of temporary workers to 3,000 from 6,000 by the end of Mar...

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.

While most magazines would rather conceal the idiotic mishaps we encounter from time to time, we thought we should share our most recent misadventure we experienced with Project TDI.

It's nice when the hometown auto show occasions the global debut of a new car, nicer still when that car is the stuff of fanboy legend. A few days before last week's L.A. Auto Show -- when the redesigned 2009 Nissan 370Z was still squirreled away under the sil...

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.

After talks with Opel executives, Chancellor Angela Merkel has promised that the German government will conduct a constructive review of the possibility of extending a state liquidity guarantee to the company.

The statement that Nissan is in cash-preserving mode should dim any hopes that Chrysler's owners at Cerberus have that Renault-Nissan would be the sugar daddy that buys Chrysler for a handsome profit.