Gov. Arnold Schwarzenegger on Thursday said pressure from the auto industry will not deter California from attempting to impose strict emission rules for vehicles sold in the state.

Gov. Arnold Schwarzenegger said pressure from the auto industry will not deter California from attempting to impose strict emission rules for vehicles sold in the state.

General Motors Corp. is buying its previously leased headquarters in downtown Detroit's towering Renaissance Center for $626 million, saying the weak real estate market opened an opportunity for the automaker.

Most Asian markets fell Friday, with Japan's key stock index dropping more than 2 percent following a bleak earnings outlook from Toyota.

Wall Street economists expect the U.S. trade deficit to narrow in March, compared to the previous month, as imports slow and exports of goods and services remain strong.

Japanese shares dropped Friday as selling spread across the board following Toyota's bleak earnings projection.

Gov. Arnold Schwarzenegger said Thursday that pressure from the auto industry will not deter California from attempting to impose strict emission rules for vehicles sold in the state.

The automakers posted mixed results Thursday, after Toyota Motor Corp. reported a 28 percent plunge in fiscal fourth-quarter profit, blaming a strong yen and weak U.S. sales.

Toyota said the strong yen and weaker U.S. sales took a bite out of January-March earnings and projected worse was to come — a 27 percent plunge in its full-year profit.

Toyota Motor posted a 28% fall in quarterly net profit on Thursday, hit by a stronger yen and finance-related losses, and forecast its first annual profit drop in seven years as the U.S. auto market slows.

Ford Motor Co. said Wednesday it plans to double the number of six-speed automatic transmissions in its models by the end of next year, increasing fuel efficiency to the point where it's equal to or better than manual gearboxes.

Toyota Motor Corp., the world's second-biggest automaker by annual vehicle sales, is raising its prices on some U.S. models later this month amid increased worries about its profit growth in the American market.

Toyota Motor Corp., the world's second-biggest automaker by annual vehicle sales, is raising its prices on some U.S. models later this month amid increased worries about its profit growth in the American market.

As gasoline tops $4 per gallon in some areas and crude oil spikes to new records, no major automaker has been hit harder than Chrysler LLC.

Chrysler will let U.S. consumers lock in gasoline prices for three years under a new incentive program launching at a time of sliding vehicle sales, rising oil prices and deepening consumer uncertainty.