Auto Industry | featured news

General Motors is no longer the world's top-selling carmaker after it saw 2008 sales fall below those of Japanese rival Toyota.

The struggling American auto maker Chrysler, owned by the private equity firm Cerberus Capital Management, signed an agreement with Fiat on Tuesday that would give the Italian car maker a 35% stake in the company.

Honda announces plans to stop production at its plant in Swindon for the months of April and May due to a collapse in global sales.