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Toyota to lift prices in January (AAP via Yahoo!7 News)
A weaker Australian dollar will force Toyota Australia to lift prices across its imported vehicle range in January, the company says.
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Europe looks to galvanize banks (Reuters via Yahoo! Canada News)
The European Commission on Tuesday promised measures to get state-aided banks to start lending to the real economy but EU finance ministers squabbled over ways to push back against the global financial crisis.
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Europe to galvanize banks (Reuters via Yahoo! News)
European ministers sought to push lending banks back into action, Japan moved to help its cash-strapped companies, and global markets endured mixed fortunes as the financial crisis swirled onwards on Tuesday.
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U.S. automakers seek plan as Europe looks to bolster banks (Reuters via Yahoo! News)
U.S. automakers rushed to submit restructuring plans to secure government aid on Tuesday while European ministers and Japan took steps to pump credit into the economy.
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Feeling the pinch: States hit hard by auto collapse (Santa Fe New Mexican)
When Heritage Lincoln Mercury closed in August, the city of Tustin, Calif., felt the pain. For decades, the dealership had operated out of the Tustin Auto Center — which has 17 other franchises, from Toyota to Jeep — and it was once among the largest Lincoln Mercury dealers in California.
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Tumbling vehicle sales prompt more output cuts (Reuters via Yahoo! News)
The car industry reeled from another day of grim headlines on Tuesday, with further news of production cuts and tumbling vehicle sales in Europe, Asia and Africa.
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EU thrashes out economic plan (Reuters via Yahoo! News)
European Union ministers sought ways on Tuesday to boost investment and consumer spending while Australia slashed interest rates in the latest actions to combat the global financial crisis.
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Japanese, Korean Auto Sales Plunge as Recession Damps Demand (Bloomberg)
Dec. 1 (Bloomberg) -- Toyota Motor Corp. and Nissan Motor Co. led the biggest drop in Japan’s auto sales in 34 years as the country’s recession and wage cuts damped demand.
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U.S. Automakers, UAW to ‘Genuflect’ to Split Congress (Bloomberg via Yahoo! News)
Dec. 2 (Bloomberg) -- General Motors Corp., Ford Motor Co. and Chrysler LLC, running out of money to operate, must convince a divided Congress that their plans to shrink are severe enough to ensure repayment of $25 billion in proposed U.S. loans.
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Ministry stands by taxation on hybrid vehicles (Malta Today)
The Ministry of Finance has stood by its proposed rates of registration tax for cars, even though the taxation levied on cars fuelled by both petrol and electrical energy – or hybrid engines – is set to increase.
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