Sales of new cars and trucks plummeted by more than a third in December, a decline that hit all of the major automakers, both foreign and domestic, and capped the industry's worst year since 1992.

GM has unveiled entirely new 2010 Cadillac SRX with completely new design, interior and upgraded more-efficient, high-technology engine choices.

Jaguar has launched a new greener 275bhp XF Diesel S featuring its new 'AJ-V6D Gen III S' 3.0-liter diesel engine which delivers massive 600Nm (443 lb-ft) of torque, 61% more than the previous 2.7-liter unit.

Despite the dire situation Detroit and the auto industry are in, the list of debuts continues to grow for the 2009 North American International Auto Show (NAIAS) and more than 6,000 journalists are set to converge on Detroit in less than one month.

2010 Ford Fusion Hybrid will get 41 city miles per gallon and 36 mpg on highways, based on final certification figures from the U.S. EPA, topping the Toyota Camry hybrid by 8 mpg in the city and 2 mpg on the highway.

General Motors unveiled second-generation 2010 Chevy Equinox, a compact crossover that blends distinctive design with improved fuel economy, which will have its world debut at the North American Auto Show in Detroit next month.

President Bush announced this morning his administration will $13.4 billion in loans prevent General Motors Corp. and Chrysler LLC from collapse.

The European Parliament approved regulations to reduce average CO2 emissions from new cars sold in Europe by 18 percent by 2015. Automakers will be required to reduce average CO2 emissions to 130 grams per kilometer between 2012 and 2015.

The European new car market fell by 25.3% (313,361 units) during November 2008, when compared to the same month last year. Total sales for the month now stand at 924,936 units, down from 1,238,297 in 2007.

Volvo Cars presents the first pictures of the new Volvo S60 Concept which will be unveiled next month at the Detroit Motor Show. The Concept gives an indication of what the production version of the new Volvo S60 will look like when it's launched in 2010.