Forecast: Auto Industry To Add 88000 Positions Source: Lansing State Journal More than repaying taxpayer loans, increased sales or profits, hiring will be the most credible evidence automakers are recovering. Two respected sources foresee the industry adding about 88000 jobs. President Obama stated the auto industry bailout was paid off President Barack Obama said that the bailouts that the government funded for the American automotive industry ... Read More

During an interview Monday, General Motors Europe Chief Executive Nick Reilly announced that they are "pretty near the end" of discussions with Renault about extending their deal and keeping the Luton plant open for business. The Luton plant is operated through a partnership between GM Europe and Renault that is supposednto last until 2013. But since GM crashed into Chapter 11 bankruptcy protection in the US last year and with major ... Read More

With the help of a venture-capital firm created by its government, the struggling auto industry of Sweden will get a bit of a boost by launching several investments this year to secure financing from private-equity groups. In an interview with Business Week, Fouriertransform AB chief executive officer Per Nordberg admitted that more than 50 companies have already come to them looking for money. He added that the company already made its ... Read More

Watch this video that tries to explain why General Motor's bankruptcy could have caused the whole auto industry. ... Read More

After suffering a huige slump in many years, the auto industry is finally bouncing back from the recession as it posted its highest monthly sales last January, thanks mostly to a revived market in India. According to the Society of Indian Automobile Manufacturers, the total sales in the domestic market jumped to nearly 45 per cent since last year, selling 11.14 lakhs units last January compared to last year's 7.69 lakhs ... Read More