The Bush administration and Democratic lawmakers have reached a tentative agreement to provide the struggling U.S. auto industry with $15 billion in emergency loans.
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The White House is reviewing a draft agreement submitted by Democratic Party lawmakers who say it could help the ailing U.S. auto industry survive the next few months and rescue millions of jobs.
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This news is published on the website of senator Evan Bayh's website on July 16, but it's very relevant today as his energy view is very similar to what Barack Obama said yesterday on radio about energy and electric batteries powering around 1 million cars in USA, thus taking off the pressure from gasoline powered cars and prices.
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Following both What Car? and Top Gear awards success, the Ford Mondeo has now been recognised by another trusted industry publication.
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The Buick Riviera Concept, a concept car created by Chinese Designers of General Motors will showcase on the 2008 North America International Auto Show next week, news from GM's top designer.
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NEW DELHI, January 10 (RIA Novosti) - Kamaz, one of Russia's largest truck makers, plans to sign an agreement on a joint venture with India's Tatra Vectra in February, which could make it the largest Kamaz plant outside of the country.
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Tata Nano was unveiled at the Auto Expo today in New Delhi, India. It will be launched in the market only towards the end of this year. Tata Nano is the world's cheapest car costing only $2500 dollars and is very likely to set a new trend in car industry.
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Ford Motor Company today announced plans to invest US$500 million to expand its India operations, reaffirming its commitment to developing and implementing an aggressive growth strategy in the country.
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Nissan Motor Co., Ltd., today announced its production, sales and export figures for November.
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General Motors Corp. opened its first design studio in India on Thursday in an attempt to extend its presence in the country.
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Antitrust regulator ordered Kia Motors Corp. to pay subcontractors and fined Hyundai Motor Co. for fair trade violations.
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