Auto Sector

VW Golf convertible planned for 2010, report

Berlin  - Volkswagen is planning to revive a convertible version of the Golf with the start of sales start scheduled for 2010, Germany's Auto Bild newspaper reports.

Biofuels under fire as food crisis looms

Hamburg  - The increased use of biofuels has been partially responsible for a hefty increase in food prices worldwide with Western governments now having second thoughts on "green fuels" such as et

GM to lay off 3500 workers, build fewer pickups, SUVs

Detroit, US  - The United States' largest automaker General Motors (GM) announced it is set to lay off 3,500 workers as it reduces its production of pickup trucks and heavy four-wheel vehicles due

Financial crisis hits BMW's profits

Munich -BMW German auto group BMW AG reported Tuesday a bigger-than-forecast slump in first-quarter earnin

Controversial US billionaire to join Ford

Ford LogoDetroit/Los Angeles - US billionaire Kirk Kerkorian is to join car giant Ford and increase his

Honda logs record earnings for fiscal 2007

HondaTokyo - Honda Motor Co saw record earnings results for the fiscal year 2007 that ended in March, t

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