Tuesday, June 24, 2008 Toyota may miss U.S. sales target Tomoko A. Hosaka / Associated Press TOKYO — Toyota may scale back its ambitious target of selling more vehicles in the United States this year than it did in 2007, as damage from an economic slowdown and soaring oil prices becomes more fully known. Surpassing [...]

  Stock market whacks U.S. auto shares again queryvar=”stock,market,whacks,us,auto,shares,again”; Andrew Grossman Automotive News | June 23, 2008 – 4:47 pm EST     The stock market punished the automotive sector today after warnings of credit ratings downgrades for the Detroit 3 and lower analyst estimates for June vehicle sales. General Motors stock hit its lowest [...]

  GM raises 2009 prices 3.5%, launches 0% sale More production cuts anounced queryvar=”gm,raises,2009,prices,35%,launches,0%,sale”; Jamie LaReau Automotive News | June 23, 2008 – 1:45 pm EST     DETROIT — General Motors said today that it would launch a 0 percent financing program starting Tuesday, June 24, while raising prices on 2009 models by an [...]