Iflove.com Presents, Chinese Auto and Steel Industry: According to news sources, despite the fact that China has the world’s second largest car market, in the last year the auto industry recorded its slowest growth in a decade. Beginning January 20th and extending through until December 31, 2009, a stimulus package issued by the State Council offers a reduction in sales tax from the present 10 percent to 5 per cent on cars whose engines are less than 1.6 litres.

Iflove.com Presents, Sayonara auto shows: Automaker defections may turn into a stampede from the time-consuming, expensive and increasingly obsolete events. Are auto shows going the way of manual typewriters, videotape recorders, and Palm Pilots?

Iflove.com presents: Eu governments seek more help for auto industry. European Union governments agreed on Friday to step up help for their straitened car makers but called for a coordinated response to avoid a race for subsidies among the bloc’s 27 nations.

Toyota to halve Japan vehicle output: Japan’s top carmaker will slash production during the period to about 9,000 vehicles a day and may need to trim its full-time work force as a result, the Asahi Shimbun said without citing sources.
January 17, 2009 News from TOKYO: In yet another sign of Japanese automakers’ deepening distress, Toyota [...]

2009 North American International Auto Show is openning. Thousands of people are crowding into Detroit’s Cobo Center for the public opening of the 2009 North American International Auto Show.
January 17, 2009 News from DETROIT Auto Show 2009 — Thousands of people are crowding into Detroit’s Cobo Center for the public opening of the 2009 North [...]

Chrysler Financial gets federal loan, automaker to offer new financing deals to boost sales. The new loan will be backed by the car loans that Chrysler Financial makes.
Chrysler LLC announced new sales incentives Friday following the U.S. Treasury’s decision to lend the automaker’s financing arm $1.5 billion, a much-needed cash infusion to finance new consumer [...]

Obama’s old car for sale: A 2005 Chrysler sedan once owned by Barack Obama is being auctioned off on eBay.
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Obama knows what we NON-LEMMINGS know. The Nickel Mining that provides the batteries for the Prius releases more carbon in [...]

ESS Technology Announces Integrated VCD Solution, Introduces Visba3 Family of Highly-Integrated MPEG Decoder Chips. ESS Technology, Inc. (NASDAQ: ESST), the world’s leading provider of DVD and VCD chips announced today Visba3, the third generation of its Visba family of VCD processors. With the Visba3, ESS takes VCD performance and affordability to the next level.
Here you’ll [...]

GM Cuts Production at Four Factories; 2,000 Affected Updated on Dec. 5 - General Motors Corp., running out of cash and combating a 22 percent plunge in U.S. sales this year, said it’s cutting production at four North American car plants in 2009, affecting 2,000 jobs.
The automaker will eliminate the third shift at its factories [...]

Auto bailout could be tied to gov’t-run overhaul. News from WASHINGTON — The government would order a major restructuring of Detroit’s struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.
Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., shakes hands with Chrysler Chief Executive Officer Robert Nardelli, right, [...]