General Motors Corp. said yesterday it would lay off salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion to weather a severe downturn in the U.S. market. ... (07/16/2008)
Adam Berry/Bloomberg News
Mercedes-Benz officials are hoping that diesel-powered vehicles == such as its Mercedes GL 320 BlueTec, rated 17 mpg in the city and 23 mph on the highway == gain ground around the world.
Mercedes-Benz is betting heavily on diesel-powered vehicles -- but the escalation of diesel fuel prices to about $5 a gallon nationwide could be making that bet a long shot. ... (07/15/2008)
Toyota Motor Corp., the seemingly unstoppable juggernaut that saw its U.S. sales double in the last decade, has come back down to earth. (07/11/2008)
DETROIT -- Toyota Motor Corp. is adjusting its U.S. manufacturing operations to meet customer demands for smaller, more fuel-efficient vehicles. ... (07/10/2008)
DETROIT -- Despite trouble on the home front, General Motors Corp. is booming in Europe. ... (07/09/2008)