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Chrysler to shed dealerships; Ford predicts 2011 profit

Washington - Insolvent US carmaker Chrysler LLC plans to cut ties with nearly one quarter of its...
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CEO says AIG needs no more bail-outs, for now

Washington - American International Group Inc (AIG), the troubled global insurance giant that...
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Pioneering off-shore wind farm projects gets go-ahead in Britain

London - The world's largest offshore wind farm, with a projected energy generation of 1 gigawatt,...
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EU approves tougher toy-safety laws

Brussels - European Union states on Monday expanded the list of substances they would not...
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GM Europe needs urgent German government help

Washington - US carmaker General Motors Corp, which will likely be in bankruptcy by the end of this...
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GM posts quarterly net loss of 6 billion dollars

New York - Threatened US carmaker General Motors Corp posted a quarterly net loss of 6 billion...
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Volvo Cars and Swedish government freeze talks on state guarantee

Stockholm - Volvo Cars, the Swedish subsidiary of US automotive giant Ford, and the Swedish...
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Potential Opel bidder Magna reports 200-million-dollar loss in Q1

Aurora, Canada/Vienna - Canadian-Austrian auto-parts supplier Magna International Inc on Wednesday...
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Transfer of Lockerbie bomber to Libya under consideration

London - The Libyan authorities have applied for the transfer of the man convicted of the 1988...
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VW, Porsche announce aims for merger, structure to be decided

Stuttgart - Owners of the German sports car maker Porsche announced plans Wednesday for merging...
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