David Bailey

The US Federal Reserve chairperson Ben Bernanke has said the US central bank would spare no effort to boost weak growth.

US car sales jumped to a seven-month high in March led by a 41% surge at Toyota after the carmaker offered the steepest discounts in its history.

Ford said on Thursday it would fix up to 17 600 hybrid sedans that could suffer braking problems as Toyota grapples with a braking problem.

Toyota sales dropped 16% in January as the carmaker reeled from a massive recall and rivals Ford and General Motors surged past it in the US market.

China posted a sharp fall in 2008 car sales growth on Monday as makers worldwide grapple with slowing demand.

The court ruling that opened the way for corruption charges to be levelled against ANC leader Jacob Zuma may not count against the party.

General Motors and Ford reported far deeper-than-expected quarterly losses on Friday and said their rate of cash burn had accelerated

General Motors posted a ,5bn loss as North American sales dropped by 20% and plunging prices for SUVs prompted charges for its finance business.