News
China auto's big sales bring small profits

Automakers in China have started to see record vehicle sales this year, thanks to the growing demand for minivans. But the big-selling mini vehicles offer little profits, let alone to boost the auto industry.

May 14 , 2009
Toyota to cut production 28% as sales drop

Toyota Motor Corp., the world's biggest automaker, will slash global vehicle production by 28 percent in 2009 to the lowest in seven years as worldwide vehicle demand plummets.

May 13 , 2009