Opel

EU eyes auto aid but no blank cheques

BRUSSELS/PARIS (Reuters) - The European Union is studying support for its ailing carmakers but the bloc's executive was divided on Tuesday over the extent of any aid as other sectors also face a downturn.

Recession fears deepen as Citigroup slashes 50,000 jobs

TOKYO (AFP) - Asian shares fell Tuesday on mounting fears of an extended global recession after US banking giant Citigroup announced 50,000 job cuts and carmakers on both sides of the Atlantic pleaded for help.

Italy, Germany discuss global financial crisis

The leaders of Germany and Italy will discuss the global financial crisis at a meeting in Trieste. German Chancellor Angela Merkel arrived in the northeastern Italian city Tuesday for talks with Italian Premier Silvio...

GM Continues Work to Enhance U.S. and Canada's Emergency Response System

DETROIT, Nov. 18 /PRNewswire/ -- GM's OnStar today announced a significant milestone for in-vehicle safety and emergency medical response. The ability of OnStar to pinpoint the GPS location of the crash and convey to emergency...

Japan in recession, IMF needs money

LONDON -- Japan became the latest major economy to fall into recession on Monday with France close behind, and the IMF said it needed at least US$100 billion to fight an economic crisis enveloping the...

Germany's Steinmeier Calls for EU to Rescue Ailing Car Industry

German Foreign Minister Frank-Walter Steinmeier joined the debate over whether the ailing European car industry should be saved by individual countries by calling on the EU to consider a Europe-wide rescue package.

International Automobile Show opens in Sharjah top auto makers drive int

TOP AUTO MAKERS DRIVE INTO SHARJAH; SHOW TO WITNESS MAJOR LAUNCHES SHARJAH Auto enthusiasts and speed lovers are in for a treat as the best of the vehicles from around the world are on display at Expo Centre Sharjah. It was...

New car sales halved within a year

New car sales have almost halved in the Republic within a year, new figures revealed today. And in yet another signal of changing spending patterns, more people are buying second-hand cars. The Central Statistics Office...

Big Three beg for aid as bailout bill stalls

WASHINGTON — Detroit's Big Three auto makers are begging Congress for a $25 billion government rescue, while the legislation clings to life support on Capitol Hill and top lawmakers and the White House suffer from bailout fatigue.

Juncker calls for carmaker bailout

European leaders are calling for a Europe-wide rescue strategy to help the ailing auto industry. The head of the Eurogroup of eurozone finance ministers, Jean-Claude Juncker, told the German daily Bild that a common solution...

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