Auto Sector

House approves $14 bn bailout package for auto industry

After hours of intense debate over the $14-billion dollar bailout package for the troubled US auto industry, the House of Representatives approved the bill 237 to 170. The legislation - to be tabled in the Senate, where it faces stiff Republican opposition - would provide money to cash-strapped General Motors, Ford Motor and Chrysler.

GM Said to Study Shedding Saturn, Saab, Pontiac to Win U.S. Aid

GMIn an attempt to save money and reduce overlap, General Motors Corp, the biggest US automaker, is studying whe

Nissan to skip auto shows in Detroit and Chicago

Nissan Motor Co.In the latest move to cut its marketing budget in the tight auto market, a major automaker - Nissan Motor Co - has decided to skip the Detroit and Chicago auto shows, which are costly trade events designed to showcase upcoming vehicles.

Electric car services to be increased in the Bay Area

'Better Place', a venture-backed company designed to reduce demands on petroleum through infrastructure favoring electric cars, has proposed to increase the availability of electric car services and provide incentives for investment in the technology. Representatives of the cities of San Francisco, San Jose, and Oakland said they will partner with 'Better Place' (BP) in its venture.

VAuto inks pact with Enterprise Car Sales

VAuto inks pact with Enterprise Car SalesChicago-based VAuto, formerly known as mP