Honda Motor is suspending production at its British plant in Swindon for two months in February and March as part of a fresh round of production cuts prompted by slumping worldwide sales
The US Congress could not approve a new emergency loan to the country's troubled car sector, Democratic leaders said, after two days of hearings on Capitol Hill in which industry leaders' plea for aid appeared to backfire
A number of leading Asian carmakers, along with France's Peugeot, announced plans to cut thousands of jobs and reduce output as there is no end in sight for the auto sector's woes
Carmakers around the globe are raising the alarm about the declining health of US auto suppliers, whose problems they fear could ricochet back to hurt them
GMAC, the ailing consumer lender part-owned by General Motors, has applied to become a bank holding company in a bid to gain access to the US government's $700bn rescue fund for the financial industry
Democratic legislators said that chances were remote of approving $25bn in new aid for the troubled US car industry, as congressmen ridiculed the chief executives of the big three for travelling by corporate jet to ask for support
Chrysler hopes to revive merger talks with General Motors once a government bail-out package for Detroit's carmakers is agreed allowing the two companies to address their immediate liquidity problems
