The Auto Industry
Mazda, Mitsubishi warn of loss on sales slump, yen
TOKYO (Reuters) - Japan's Mazda Motor Corp and Mitsubishi Motors Corp warned on Wednesday they would lose money this year as they build fewer cars in view of tumbling demand, joining a growing list of automakers awash in red ink. Full Article
Fiat shares up on incentive expectations
MILAN (Reuters) - Fiat shares soared more than 10 percent in heavy trade on Wednesday amid growing investor expectations for a package of incentives that Italy is set to introduce to give a boost to weak car sales. Full Article
INSIGHT & ANALYSIS
Fiat needs a banker for 2009
A new line of credit is crucial if Fiat is to avoid a capital increase. The group has 3.3 billion euros of maturing debt. Full Article
Changes ahead at Peugeot?
PSA Peugeot Citroen's silence on strategy raises the prospect it may not survive the worsening car sector crisis in its current form. Full Article
Detroit fear hits Swedish town
Trollhattan, home of GM-owned Saab, has grown used to staying abreast of the news out of Detroit. Full Article
Dealers scaling back to survive
A prolonged slump in auto sales has left many of the country's 20,000 new car and truck dealers hanging on by their fingertips. Full Article
German makers set for U.S. push
German automakers break ranks with the industry's tone at the world's biggest auto show and say 2009 holds growth opportunities. Full Article
Detroit rebound in low gear?
Analyst J.D. Power forecasts U.S. auto sales in 2009 to fall 13 percent to about 11.4 million vehicles, for a fourth straight year of declines. Full Article
AutoNation cuts orders, again
The largest U.S. car dealership group expects sales to hover around 10 million units until credit improves, CEO Mike Jackson tells Reuters. Full Article
Detroit Auto Show
The auto industry showcases new cars at its annual North American International Auto Show in Detroit despite a lackluster economy and protesters outside. Slideshow
SUVs at the altar
With sport-utility vehicles at the altar and auto workers in the pews, one of Detroit's largest churches offered up prayers for the struggling auto industry. Audio Slideshow