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Markets & Finance
Scrappage Programs Boost Vehicle Registrations in Western Europe
Scrappage programs in Western Europe have led to 500,000 additional passenger vehicles sold in the region from January through May 2009, according to recent analysis by R. L. Polk & Co.
Honda Insight Tops European Hybrid Sales
20 June, 2009 11:51:00
Honda has reported that its new Insight hybrid has sold more than any other hybrid or alternative fuel vehicle in Europe.
Bright Automotive Wants Stimulus Too
07 June, 2009 10:02:00
Bright Automotive has applied for $35 million in government grants for producing its IDEA PHEV, as well as a battery pack manufacturing facility.
EU Approve Loan Guarantees for Volvo’s Green Cars
05 June, 2009 06:32:00
The European Union has approved Swedish government loan guarantees to Volvo to help co-finance the development of green cars.
W. Europe Car Sales down by 4 Percent in May
05 June, 2009 12:54:00
West European car sales were down by just 4.2 percent in May as the effectiveness of scrapping incentives continued to rise, according to data released by JD Power Automotive Forecasting.
Toyota Prius Hybrid is Best Selling Car in Japan in May
04 June, 2009 07:50:00
Toyota's Prius was Japan's best-selling car in May, clinching the top spot in the domestic market for the first time and overtaking Honda's new hybrid, the Insight, which fell to third.
GM’s “New GM” Statement
01 June, 2009 06:24:00
General Motors Corp., 100-year-old automaker, a victim of tumbling sales and higher gas prices, filed for bankruptcy protection early Monday.
GM Files for Bankruptcy
01 June, 2009 03:29:00
General Motors Corp. filed for Chapter 11 bankruptcy protection in New York City early Monday, a move once viewed as unthinkable but became inevitable after years of losses and market share declines.
Scrappage Scheme Boosts Car Sales in UK
29 May, 2009 08:49:00
More than 35,000 new cars have been ordered through the UK's scrappage scheme since it was announced in April, the government said on Friday.
GM Close To Bankruptcy
27 May, 2009 09:02:00
General Motors will be forced to file for bankruptcy court protection within the next five days after the carmaker failed to persuade bondholders to trade their debt for equity in a new company.
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