US car maker Ford is cutting 700 jobs at its Michigan plant to compensate for declining of sales. It was said in the statement of the carmaker issued on Thursday. First 200 workers will fired in June at the Michigan Assembly Plant, in the Detroit suburb of Wayne, other 200 at the end of July and the remainder at the end of September. Low gasoline prices have hurt the sales of the plant, which produces... 

Almost all automobiles sold today contain systems that can potentially be compromised by hackers, a United States Senator warns, but automakers appear largely unaware of the implications, according to his report. Sen. Ed Markey (D-Massachusetts) is calling on the world’s automobile makers to implement mandatory safeguards after his congressional inquiry revealed a widespread absence of security... 

The Divine DS previewed the decision to remove Citroën badging from future DS models. Premium brand will go its own way with next round of new cars. Citroën has confirmed that its DS brand is to be separated from its parent for good, which means future European-market DS models won’t feature any Citroën badging. According to the company, Citroëns will be defined by affordability and practicality,... 

The US government ended up losing $10.5 billion on the General Motors bailout. Taxpayers lost a whopping $10.5 billion on the federal government bailout of General Motors – but officials insisted another course of action would have been even worse. After selling its remaining shares of the Detroit-based automaker Monday, the US Department of the Treasury said it had recouped $39 billion of the... 

Opel cars are parked in front of Opel’s plant in the western German city of Bochum on June 8, 2009. US auto giant, General Motors, has decided to stop car production at a plant of the troubled and loss-making German carmaker, Opel, after 2016. Head of the Opel works council, Rainer Einenkel, said on Friday that there will be no more auto production at Opel plant in Bochum, situated about 442...