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Ford is cutting its stake in Mazda to 13 percent from 33.4 percent Ford recently announced it lost $3 billion in the third quarter The sale will provide Ford with some desperately needed cash (CNN) -- Ford is selling a 20...
UAW Faces Perilous Times as Automakers Beg Congress for Money The Union of Automobile Workers and Detroit's Big Three want the same thing –- speedy congressional action to bail out the U.S. auto industry. Representatives of the...
TOKYO (AFP) - Japan now faces the prospect of a full-year of no growth, officials warned on Tuesday, in a global economic meltdown that has forced US auto chiefs to plead for government help to save their once-proud empire.
