BEIJING-China’s fast-growing Chery Automobile Co, posted a 6.6 percent decline in annual sales in 2008 as the ongoing downturn in the economy hit consumer spending both at home and abroad. MORE
INDIANAPOLIS-Battery developer EnerDel Inc. has applied for $480 million in low-interest federal loans through a new program intended to help U.S. automakers and their suppliers build more fuel-efficient cars. EnerDel would use the money to double the manufacturing capacity at its plants in Indianapolis and Noblesville, IN, lifting production of lithium-ion battery packs for hybrid vehicles to 600,000 by 2011. MORE
CHATHAM, Ontario-Navistar International Corp. is cutting 200 jobs at its truck plant in Ontario, raising concerns the company may soon close the plant entirely. MORE
TOKYO-Toyota Motor Corp. is asking it unionized workers in Japan to accept a pay cut at the same time it extends a domestic production halt to cope with plummeting demand for new automobiles. MORE
TOKYO-Toyota Motor Corp plans to stop production at all of its Japanese plants for 11 days in February and March in response to the recent sharp drop in sales in the United States. MORE
DETROIT-Every major manufacturer selling automobiles in the United States reported sales drops of more than 30 percent in December, capping the largest year-over-year drop in sales since the energy crisis of the early 1970s. MORE
PHILADELPHIA-A former Boeing employee will spend five months in prison and five months in home confinement for vandalizing a $24 million military helicopter during his last shift on a suburban Philadelphia assembly line. MORE
DEARBORN, MI-Despite another drop in sales in December, Ford Motor Co. says it is making gains in terms of quality and market share in a number of key segments. MORE
RSS