In North America, Toyota said it expects August production to be slashed by 60,000 to 90,000 vehicles.
By Yuri Kageyama, Associated Press
Shareholders of Fiat Chrysler and PSA Peugeot have voted to merge the U.S.-Italian and French carmakers — a deal built on the promise of cost savings in the capital-hungry industry.
By Colleen Barry, Tom Krisher, Associated Press
General Motors has announced it is cutting its workforce by 14,000 employees, closing several plants in North America and eliminating at least five passenger car models. The corporate overhaul, which represents the company's biggest shakeup since it faced bankruptcy a…
DaimlerChrysler agreed to sell the majority stake of its Chrysler Group, the third-largest car manufacturer in the United States, for $7.4 billion Monday to private equity firm Cerberus Capital Management. Two journalists discuss the deal's impact on the carmaker's future.
In a round of new closings and layoffs, The Ford Motor Company announced Friday the elimination of 10,000 white-collar jobs and two more plant closings, up to 16 from previous cuts. Guests discuss the drastic efforts to save the automaker,…
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