Copyright (c) 2008 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1102 Business - Automotive en-us Fri, 04 Jul 2008 12:11:05 GMT 5 142 18 http://news.yahoo.com/i/1102 http://us.i1.yimg.com/us.yimg.com/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080704/ap_on_bi_ge/gas_prices ap/20080704/gas_prices AP Fri, 04 Jul 2008 12:11:05 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080704/ap_on_bi_ge/gas_prices"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080704/capt.1b36abd1b38f4866b5451e98b8a04da0.holiday_travel_camw105.jpg?x=84&y=130&q=85&sig=sg3yzEq2U6fHj3yZZQwFUQ--" align="left" height="130" width="84" alt="A sign displaying gas prices is seen in Los Angeles on Thursday, July 3, 2008. Fewer Californians are expected to travel during this year's Independence Day weekend because of record-high gas prices and high airfares, according to an AAA travel survey. (AP Photo/ Matt Sayles)" border="0" /></a>AP - Fireworks aren't the only thing skyrocketing on this Fourth of July. The price of gas has hit another all-time high.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080704/ap_on_bi_ge/gas_prices"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080704/capt.1b36abd1b38f4866b5451e98b8a04da0.holiday_travel_camw105.jpg?x=84&y=130&q=85&sig=sg3yzEq2U6fHj3yZZQwFUQ--" align="left" height="130" width="84" alt="photo" title="A sign displaying gas prices is seen in Los Angeles on Thursday, July 3, 2008. Fewer Californians are expected to travel during this year's Independence Day weekend because of record-high gas prices and high airfares, according to an AAA travel survey. (AP Photo/ Matt Sayles)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080704/ap_on_bi_ge/china_chrysler ap/20080704/china_chrysler AP Fri, 04 Jul 2008 09:48:06 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080704/ap_on_bi_ge/china_chrysler"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080703/capt.af9b57f0bca3414a87bdac6699e131fb.autos_liquidity_nybz165.jpg?x=130&y=77&q=85&sig=FM7TFG690MAVy_qQaOwJVA--" align="left" height="77" width="130" alt="In this June 4, 2008 file photo, Chrysler and Dodge vehicles are lined up at a Chrysler dealership in Portland, Ore. Analysts at JPMorgan painted a bleak picture for Detroit's automakers Thursday, July 2, 2008, suggesting General Motors Corp. might need to raise $10 billion, Ford Motor Co. could be forced to sell Volvo and Chrysler LLC may have few if any options by late next year. (AP Photo/Rick Bowmer, file)" border="0" /></a>AP - Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080704/ap_on_bi_ge/china_chrysler"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080703/capt.af9b57f0bca3414a87bdac6699e131fb.autos_liquidity_nybz165.jpg?x=130&y=77&q=85&sig=FM7TFG690MAVy_qQaOwJVA--" align="left" height="77" width="130" alt="photo" title="In this June 4, 2008 file photo, Chrysler and Dodge vehicles are lined up at a Chrysler dealership in Portland, Ore. Analysts at JPMorgan painted a bleak picture for Detroit's automakers Thursday, July 2, 2008, suggesting General Motors Corp. might need to raise $10 billion, Ford Motor Co. could be forced to sell Volvo and Chrysler LLC may have few if any options by late next year. (AP Photo/Rick Bowmer, file)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080703/ap_on_bi_co_ne/all_business ap/20080703/all_business AP Thu, 03 Jul 2008 17:44:43 GMT AP - All those job cuts at automakers, newspapers and even Starbucks are hard to stomach. But in a roundabout way, they may actually help the economy a bit. http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080703/ap_on_bi_st_ma_re/wall_street ap/20080703/wall_street AP Thu, 03 Jul 2008 21:23:28 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080703/ap_on_bi_st_ma_re/wall_street"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080704/2008_07_03t203256_450x300_us_column_stocks_outlook.jpg?x=130&y=86&q=85&sig=TC2zT_a0JQoeu3zWYtheYg--" align="left" height="86" width="130" alt="Traders can be seen on the floor of the crude oil futures pit of the New York Mercantile Exchange, June 30, 2008. (Lucas Jackson/Reuters)" border="0" /></a>AP - Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080703/ap_on_bi_st_ma_re/wall_street"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080704/2008_07_03t203256_450x300_us_column_stocks_outlook.jpg?x=130&y=86&q=85&sig=TC2zT_a0JQoeu3zWYtheYg--" align="left" height="86" width="130" alt="photo" title="Traders can be seen on the floor of the crude oil futures pit of the New York Mercantile Exchange, June 30, 2008. (Lucas Jackson/Reuters)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080703/ap_on_bi_ge/autos_liquidity ap/20080703/autos_liquidity AP Thu, 03 Jul 2008 14:47:45 GMT AP - An auto analyst with JPMorgan says General Motors Corp. is not in danger of an imminent bankruptcy, but will need to raise about $10 billion in cash to weather the downturn in U.S. auto sales. http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080703/ap_on_re_us/odd_gas_price_troubadour ap/20080703/odd_gas_price_troubadour AP Thu, 03 Jul 2008 13:34:31 GMT AP - A man who was arrested for climbing to the roof of a gas station to sing a song protesting high gasoline prices says he will plead guilty to a trespassing charge. http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080703/bs_nm/chrysler_greatwall_dc nm/20080703/chrysler_greatwall_dc Reuters Thu, 03 Jul 2008 05:00:54 GMT Reuters - Chrysler LLC has signed a memorandum of understanding with China's Great Wall Motor Co (2333.HK) to explore long-term business ties in various areas including distribution, components and technology. http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/honda_s_hot_month ap/20080702/honda_s_hot_month AP Wed, 02 Jul 2008 23:05:22 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/honda_s_hot_month"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080702/capt.e24be225a39348c1a5549621cbad325c.hondas_hot_month_at101.jpg?x=130&y=96&q=85&sig=RTwEbuwbiqBvxEEckNs64w--" align="left" height="96" width="130" alt="Shane Gilbert prepares a Fit, a new model Honda, for a customer Wednesday, July 2, 2008, in Austin, Texas. When consumers astonished the U.S. auto industry two months ago by quickly shunning trucks and going for gas mileage, the biggest beneficiary ended up being Honda Motor Co. (AP Photo/Harry Cabluck)" border="0" /></a>AP - When consumers astonished the U.S. auto industry two months ago by quickly shunning trucks and going for gas mileage, the biggest beneficiary ended up being Honda Motor Co.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/honda_s_hot_month"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080702/capt.e24be225a39348c1a5549621cbad325c.hondas_hot_month_at101.jpg?x=130&y=96&q=85&sig=RTwEbuwbiqBvxEEckNs64w--" align="left" height="96" width="130" alt="photo" title="Shane Gilbert prepares a Fit, a new model Honda, for a customer Wednesday, July 2, 2008, in Austin, Texas. When consumers astonished the U.S. auto industry two months ago by quickly shunning trucks and going for gas mileage, the biggest beneficiary ended up being Honda Motor Co. (AP Photo/Harry Cabluck)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/auto_stocks ap/20080702/auto_stocks AP Wed, 02 Jul 2008 22:20:21 GMT AP - Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road. http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ibd/20080702/bs_ibd_ibd/20080702corner ibd/20080702/20080702corner Investor's Business Daily Wed, 02 Jul 2008 21:51:27 GMT Investor's Business Daily - When Henry Ford, founder of Ford Motor , invented the conveyor belt, he allowed access to car ownership for many millions of Americans. That brilliant idea laid the foundation for a storied empire. http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/gm_shares ap/20080702/gm_shares AP Wed, 02 Jul 2008 20:11:01 GMT AP - Shares of General Motors have closed below $10 for the first time since Dwight Eisenhower was president of the United States. http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/bs_nm/gm_dc nm/20080702/gm_dc Reuters Wed, 02 Jul 2008 16:42:00 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/bs_nm/gm_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080702/2008_07_02t095101_450x280_us_gm.jpg?x=130&y=80&q=85&sig=ouRBO_QJ7pM7Ame0nSzscw--" align="left" height="80" width="130" alt="The General Motors building is seen in Detroit, Michigan June 2, 2008. (Molly Riley/Reuters)" border="0" /></a>Reuters - General Motors Corp will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/bs_nm/gm_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080702/2008_07_02t095101_450x280_us_gm.jpg?x=130&y=80&q=85&sig=ouRBO_QJ7pM7Ame0nSzscw--" align="left" height="80" width="130" alt="photo" title="The General Motors building is seen in Detroit, Michigan June 2, 2008. (Molly Riley/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/wl_nm/korea_protests_dc nm/20080702/korea_protests_dc Reuters Wed, 02 Jul 2008 11:15:56 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/wl_nm/korea_protests_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080702/2008_07_02t065831_450x323_us_korea_protests.jpg?x=130&y=93&q=85&sig=DgPZBU.A8_fzCh12Vt7EEg--" align="left" height="93" width="130" alt="Members of a nurses and hospital workers' union, which is part of the Korean Confederation of Trade Unions (KCTU), shout slogans during a rally demanding the full-scale renegotiation of the U.S. beef import deal and the resignation of South Korean President Lee Myung-bak at the Seoul City Hall Plaza July 2, 2008. The signs read, 'Never! Mad cow!' (Jo Yong-Hak/Reuters)" border="0" /></a>Reuters - Members of a militant South Korean labor group walked off the job briefly on Wednesday, halting production at major carmakers, as they called on the government to scrap a U.S. beef import deal.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/wl_nm/korea_protests_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080702/2008_07_02t065831_450x323_us_korea_protests.jpg?x=130&y=93&q=85&sig=DgPZBU.A8_fzCh12Vt7EEg--" align="left" height="93" width="130" alt="photo" title="Members of a nurses and hospital workers' union, which is part of the Korean Confederation of Trade Unions (KCTU), shout slogans during a rally demanding the full-scale renegotiation of the U.S. beef import deal and the resignation of South Korean President Lee Myung-bak at the Seoul City Hall Plaza July 2, 2008. The signs read, 'Never! Mad cow!' (Jo Yong-Hak/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/auto_sales ap/20080702/auto_sales AP Wed, 02 Jul 2008 10:03:29 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/auto_sales"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080701/capt.2215a31bde9947f78179d2196a9e7bdd.oil_prices_auto_sales_caps120.jpg?x=89&y=130&q=85&sig=kswh0ChEV2ye2gukT24rUQ--" align="left" height="130" width="89" alt="A Toyota dealership is shown next to a Shell gas station in San Bruno, Calif., Tuesday, July 1, 2008. Prices at the gas pump edged to their highest point yet, and Toyota Motor Sales USA Inc. said its June U.S. sales tumbled on steep drops in demand for sport utility vehicles and pickup trucks. (AP Phoito/Paul Sakuma)" border="0" /></a>AP - A last-minute no-interest financing offer and strong sales of some cars helped General Motors Corp. keep its U.S. sales over Toyota Motor Corp. last month, but it was still the worst June for the industry in 17 years and a harbinger of more misery ahead.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/ap/20080702/ap_on_bi_ge/auto_sales"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080701/capt.2215a31bde9947f78179d2196a9e7bdd.oil_prices_auto_sales_caps120.jpg?x=89&y=130&q=85&sig=kswh0ChEV2ye2gukT24rUQ--" align="left" height="130" width="89" alt="photo" title="A Toyota dealership is shown next to a Shell gas station in San Bruno, Calif., Tuesday, July 1, 2008. Prices at the gas pump edged to their highest point yet, and Toyota Motor Sales USA Inc. said its June U.S. sales tumbled on steep drops in demand for sport utility vehicles and pickup trucks. (AP Phoito/Paul Sakuma)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/bs_nm/usa_autosales_dc nm/20080702/usa_autosales_dc Reuters Wed, 02 Jul 2008 04:42:29 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/bs_nm/usa_autosales_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080702/2008_07_01t184325_450x333_us_usa_autosales.jpg?x=130&y=96&q=85&sig=kYE5HHC8D.mRERlhuqsulw--" align="left" height="96" width="130" alt="Chevrolet pickup trucks and SUVs are seen at a dealership in Silver Spring, Maryland, July 1, 2008. (Yuri Gripas/Reuters)" border="0" /></a>Reuters - U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080702/bs_nm/usa_autosales_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080702/2008_07_01t184325_450x333_us_usa_autosales.jpg?x=130&y=96&q=85&sig=kYE5HHC8D.mRERlhuqsulw--" align="left" height="96" width="130" alt="photo" title="Chevrolet pickup trucks and SUVs are seen at a dealership in Silver Spring, Maryland, July 1, 2008. (Yuri Gripas/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/afp/20080702/bs_afp/usautosales afp/20080702/usautosales AFP Wed, 02 Jul 2008 02:09:07 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/afp/20080702/bs_afp/usautosales"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080702/capt.cps.mwn18.020708040604.photo00.photo.default-512x343.jpg?x=130&y=87&q=85&sig=p0KZZxGXIcH4QZ0BPmKi2Q--" align="left" height="87" width="130" alt="A Chrysler vehicle in the showroom of a dealership in Skokie, Illinois. US automakers have hit more bumps as sales fell precipitously in the country while manufacturers have failed to adapt to a shift in demand to more fuel-efficient vehicles(AFP/Getty Images/File/Scott Olson)" border="0" /></a>AFP - Automakers hit more bumps in the road in June as US sales fell precipitously, and manufacturers failed to adapt to a shift in demand to more fuel-efficient cars, company reports showed Tuesday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/afp/20080702/bs_afp/usautosales"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080702/capt.cps.mwn18.020708040604.photo00.photo.default-512x343.jpg?x=130&y=87&q=85&sig=p0KZZxGXIcH4QZ0BPmKi2Q--" align="left" height="87" width="130" alt="photo" title="A Chrysler vehicle in the showroom of a dealership in Skokie, Illinois. US automakers have hit more bumps as sales fell precipitously in the country while manufacturers have failed to adapt to a shift in demand to more fuel-efficient vehicles(AFP/Getty Images/File/Scott Olson)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/automotive/*http://news.yahoo.com/s/nm/20080701/bs_nm/lithia_dc nm/20080701/lithia_dc Reuters Tue, 01 Jul 2008 20:43:53 GMT Reuters - U.S. auto dealer Lithia Motors Inc said on Tuesday it would withdraw its earnings outlook, citing weak June vehicle sales and the shift in consumer demand due to rising gas prices.