Nissan Motor Co.,Ltd., today announced its sales, production and export results for October 2008.

Honda Motor Co., Ltd. announced a summary of automobile production, Japan domestic market sales, and export results for the month of October 2008, including all-time records for any month for worldwide auto production.

In a new story released by the fuel-efficient car maker Aptera the California based company says it is looking into the mirror and making the final enhancements before the Aptera production.

Lawmakers deadlocked on a plan to bail out the Big Three automakers, leaving General Motors facing the prospect it could run out of cash before a new Congress can come to the rescue next year.

Something is wrong with the U.S Automotive Industry. It seems that either the carmakers need to change the way they make cars in USA or the car companies may need to change the CEOs or the management, as the CEO's flew to Washington D.C. to seek 25 billion bailout in private jets.

Harvard Economist Martin Feldstein Advocates Auto Bankruptcy, But Auto Bailout Next Year Is More Likely.

Suppliers stand to go belly up if the auto industry fails. Small and medium sized businesses may go out of business if a federal rescue package is not approved soon.

EU officials are taking a close look at how the United States is helping its ailing auto industry.

U.S. Treasury Secretary Henry Paulson opposes a plan by Democrats to use some of the $700 billion financial rescue package to bailout the auto industry and troubled homeowners.

U.S. lawmakers are considering ways to help America's struggling auto industry, which has suffered from rising fuel costs and the shrinking economy.

The global financial crisis has plunged China's auto industry to a seven-year nadir. The Chinese government has recently announced its $586 billion economic stimulus package for the country's sweeping investment in the coming two years to boost market demands and economic growth. Certainly, this big policy is expected to help reverse the sliding auto market in China.

President-elect Barack Obama, meeting President Bush yesterday at the White House, urged Bush to extend an aid package (WashPost) to automakers by giving them access to some of the Treasury Department's $700 billion economic rescue program.