News

The U.S. Department of Energy has granted Ford Motor Co. a $5.9 billion loan to help the automaker retool many of its factories, including …

Controversial higher tax on Russian car imports, which caused mass protests across the country in December, comes into force on Monday

Emergency loans for two of the American top automakers did not materialize Monday, but the Treasury Department said it would finalize the loans in time to meet the needs of the struggling companies, CNN reported

Russian PM has signed an order to approve new import duties on motor vehicles

Nissan Motor Company Inc. has announced a new ultra-low precious metal catalyst that will cut in half the amount of precious metals used by car manufacturers

The Russian GAZ Group has halted its LCV production, AvtoVAZ output break is not out the possibility

August was the most disappointing month in the industry's history, the experts still don't know whether the recovery will happen this year

Passenger car sales in China in the first five months of 2008 rose 17.41 percent over the same period a year earlier...

The pickup truck's ride as the dominant vehicle on the American roads has come to an end

Honda will sell a new, improved and affordable gas-electric hybrid in the U.S., Japan and Europe starting in early 2009...

Saudi Arabia has started forming special security units to protect the kingdom's oil infrastructure

Iraq's oil minister declared on Wednesday that a long-awaited draft law governing development

Oil prices dropped below $60 in Asian trade Monday on warmer weather

Oil prices were higher in Asian trade Monday as temperatures fell in the United States

Ukraine's government commission on Friday failed to approve a draft production sharing agreement with Vanco Energy

Oil prices rose above $61 a barrel Wednesday

Gold rose for a second day in London on speculation jewelers

The European Union has called for greater access to Russia's gas pipeline network

Browne said the money would be invested in the expansion of BP's oil and gas production in Russia

A top manager of the Russian natural gas monopoly Gazprom