The heads of Renault-Nissan and Fiat said the car market would decline further next year after steep sales drops pushed the U.S. Big Three to ask for

The heads of Renault-Nissan and Fiat said the car market would decline further next year after steep sales drops pushed the U.S. Big Three to ask for the bailout that was rejected by Congress and prompted White House action.

The world's largest carmaker Toyota Motor Corp was set to report a loss of about 100 billion yen ($1.11 billion) for October-March, according to Japanese media on Saturday, and is expected to cut its earnings forecast again.

German premium car maker BMW, which also sells Mini cars and Rolls-Royce limousines, is putting up financial aid to its German dealer network for at least 100 million euros ($132.7 million), according to WirtschaftWoche weekly.