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Storm clouds gather for world economy in 2009 - Monday Morning

The Washington headquarters of the World Bank and the IMF. The IMF’s chief economist has urged governments to spend more in order to boost domestic demand “if we want to prevent this recession developing into a… depression” like the downturn ...

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VW Looking To Beetle To Save Its Brand Again - BusinessWeek

Volkswagen , once again, appears to be turning to the Beetle to boost its fortunes. Automotive News reported that a new brand campaign from Volkswagen hitting the airwaves and other media in February will feature a classic Beetle that talks, named ...

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Toyota, Honda lead declines in Dec. auto sales - WJLA

DETROIT - Toyota and Honda's U.S. sales fell more than their U.S. competitors' in December, with Toyota's 37 percent decline and Honda's 35 percent drop showing the Japanese company's popular fuel-efficient models were little help as consumers ...

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Car giant Nissan is to axe 1,200 British jobs - Daily Mail

The beleaguered British car industry suffered a massive blow today after Nissan announced it will axe 1,200 British jobs. The Japanese firm will reduce the workforce at its Sunderland plant from 5,000 to 3,800 as it aims to produce 80,000 less ...

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Auburn dodges Alcoa cuts - Fort Wayne Journal Gazette

Alcoa Inc.’s Auburn plant, the victim of heavy job cuts in recent years, was spared Tuesday when the company announced it would eliminate 13,500 jobs. “It’s definitely not affecting us,” Chris McCoy, the human resources manager at the Alcoa ...

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