News
US 'cash-for-clunkers' plan halts after $1 bln

The U.S. government's $1 billion "cash for clunkers" program to spur new car sales is "suspended" after running through the money six days after it began, Senator Debbie Stabenow said.

Jul. 31 , 2009
Beijing Auto set to bid for Ford's Volvo unit

Ford Motor has slowed the bidding process for its Volvo unit, waiting for a better price, and Beijing Auto is set for the Volvo bidding after failing in the Opel buy last week, sina.com said today.

Jul. 31 , 2009