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UAW: GM, Chrysler may not need additional federal funds

UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.

Pontiac is done by end of 2010; Saturn shutdown accelerated

Pontiac--the brand famous for the GTO, the Firebird, the Star Chief and, most recently, the Solstice--is dead. It will be phased out by the end of 2010 as part of sweeping cuts announced Monday by General Motors as it tries to remake itself into a smaller company with fewer plants, workers and dealers. GM said it will concentrate on four U.S.

Jaguar Land Rover say profits up again, but warns on Eurozone

Jaguar Land Rover profites rose by 7 per cent in the quarter to June end, but JLR warns that Europe’s financial woes will impact growth. Rising profits at Jaguar Land Rover are like Team GB Gold Medals – we’re starting to expect more every day. And JLR are still delivering.