GM’s Woes To Have No Direct Impact on RP, Asean Units

The dramatically changing global landscape and economic conditions have created the urgent need, and the opportunity, for GM Corp. to reinvent both the car and the company. “All of our key stakeholders — US and global governments, taxpayers, unions, employees, retirees, suppliers, partners and dealers – are playing a vital role in our reinvention,”…

General Motors, Ford, Toyota Sales Plunge as Slump Continues

Major automakers’ US sales continued their deep slump in February, putting the industry on track for its worst sales month in more than 27 years as huge rebates and low-interest financing failed to spur fearful consumers to make a major purchase.

General Motors’ sales tumbled 53 percent from a year earlier, while Ford’s US sales…

Chrysler, Ford Shut Down Plants; GM Delays Major Factory Project

Chrysler is closing all its North American manufacturing plants for at least a month, the starkest move yet taken by US automakers as they anxiously await word about government loans.

The shutdown comes as The Wall Street Journal reported that Chrysler has restarted talks with General Motors about combining the two ailing automakers.

Chrysler, GM and Ford…