Automobile and Components Sector News
The latest news stories on Automobile and Components sector from Fairfax Media news sources are listed on this page by relevance to the sector.
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Canada unveils auto sector rescue plan
SMH 12:00am 21 Dec 2008 Canadian Prime Minister Stephen Harper has announced a $C3b rescue package for US automobile makers based in Ontario, saying it's "regrettable but necessary".
GM, Chrysler offered $US13.4b lifeline
SMH 12:00am 20 Dec 2008 US officials have announced a $US13.4 billion rescue loan for two of the Big Three automobile makers, in a move aimed at staving off an economic calamity.
Los Angeles - Transport
SMH 12:00am 11 Dec 2008 getting around (overview): Contrary to popular belief, LA does have a fairly comprehensive public transport system. Nearly all communities are served by buses, and a subway and light rail system hits many of the major area attractions, such as Hollywood and Universal Studios. Still, the automobile remains by far the most popular mode of transportation. Before rushing headlong into the bumper-to-bumper melee, consider all of your transport options.
Argentina government to give car loans
SMH 12:00am 07 Dec 2008 Argentina's government is trying to bolster its automobile industry with low-cost loans for people buying a first new car.
Little chance of bail-out for automobile giants
SMH 12:00am 06 Dec 2008 THE chances of the US car industry obtaining a $US34 billion ($52 billion) bail-out from Congress before Christmas have dimmed amid opposition from fiscal hawks within the Republican Party and reservations among the Democrats about whether the car makers can become viable.
Sweden to come to rescue of struggling carmakers Saab and Volvo
SMH 12:00am 02 Dec 2008 Sweden will come to the rescue of its US-owned carmakers crippled by the financial crisis, Saab and Volvo, to secure the future of an automobile industry which accounts for 15 percent of exports, officials say.
Peugeot Citroen to slash 2,700 jobs
SMH 12:00am 21 Nov 2008 French carmaker PSA Peugeot Citroen has announced plans to slash 2,700 jobs as the automobile sector struggled with the global economic crisis.
Automotive jobs slashed worldwide
TheAge 12:00am 20 Nov 2008 French carmaker PSA Peugeot Citroen announced plans on Thursday to slash 2700 jobs across all its factories, as the automobile sector struggled with the global economic crisis.
World stocks slip as auto crisis deepens
SMH 12:00am 19 Nov 2008 Global stock markets stumbled on Wednesday as fears mounted of a collapse of the huge US automobile industry, a key pillar of the United States economy.
Push to offer car makers a lifeline
TheAge 12:00am 13 Nov 2008 US House of Representatives will convene next week to vote on a plan to provide emergency cash to the nation's battered automobile industry.
- Also see:
- Consumer Discretionary Companies List
