Pedigree of the Brands - A Different View of the Story... ...Many of us own cars which come from rather famous brands. Plenty of times, even if you hate to admit it, the badge is the main reason to look at a certain car and, in the end, it's the decisive reason in actually choosing the "perfect"model. OK, there ... Continue reading >
100+ years since the invention of the self-propelled car, three new engines battle for a place in the automotive future. Which one do you see in your car 10 years from now?
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Although some people were pleasantly surprised with Chinese company Tengzhong's bid for Hummer, media publications in China, along with automotive industry analysts, raised an eyebrow when hearing of such a proposal. Basically, Chinese experts think that Tengzhong ...
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General Motors and the National Automobile Dealers Association reached a new agreement on Monday night over the franchise terms for the dealers the American manufacturer plans to keep in business after stepping out of Chapter 11 protection. In a broader attempt to ...
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Still fighting with bankruptcy and with the economic chaos in the United States and turning cost-cutting measures into a common thing, General Motors is now aiming its strategies at emerging markets that could help it get back in business – at least in non-US ...
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The following months will witness big corporate changes for German manufacturer Volkswagen. The company has named new sales directors for its branches in China, Australia, North America and South America.
For the Chinese market, Volkswagen has appointed Kevin ...
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BMW Spartanburg Plant Almost ReadyINDUSTRYThings are going smooth for BMW in North America. as only one year after announcing their expansion of the Spartanburg, South Carolina facility, the German manufacturer says the construction is almost ready. The 1.2 million square foot assembly facility is in tooling stage, while expansion construction to the existing Paint Shop is also complete and new equipment is being tested. A new 1/3 mile conveyor system has been constructed to connect the expanded paint shop to the new assembly hall. A logistics warehouse has also been built as part of the new assembly facility. “We are very pleased that construction is nearly complete and that the project is on budget and on time,” Josef Kerscher, BMW Manufacturing president said. The budget Kerscher talks about stood at ... >> Read more |
The National Automobile Dealers Association (NADA) has made an unexpected move late last week as it asked General Motors not to give the Congress the list of dealerships to be terminated, largely due to the fact that most dealers do not want their names to be made ...
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The painful restructuring process GM has to go through during bankruptcy protection may prove to be even more destructive to its dealers, and that's no longer a secret. But the bulk of that pain will be supported, apparently, by the company's dealerships located in ...
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As most of you know by now, the deal between Magna and Opel is not as straight forward as it may first appear. The Russians, perhaps even more than Magna thanks to the 35 percent stake they hold through the state controlled Sberbank, are very interested in the ...
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The economic crisis is still alive and kicking, but not as much as it did a few months ago. The recovery trend has been seen by all manufacturer as they reported still negativ sales figures, yet improved when compared with the previous months.
BMW reported it ...
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...or how the unthinkable is about to happen. Even if rumors about a US aimed Tata Nano have been around for some time now, last week Ratan Tata, the owner of Tata Motors, told an audience at Cornell Global Forum on Sustainable Enterprise in New York that the ...
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After the last attempt to stall the sale of Chrysler's assets over to the new company was rejected on Friday, the three Indiana state funds which opposed the sale came back on Sunday and moved their request over to the US Supreme Court, Reuters reported.
Their ...
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After announcing the sale of one major European asset, Opel, and with the second one now on the roll, Saab, General Motors is now making another major step towards a successful restructuring campaign: it will invest up to $2 billion in Delphi Corp to support the ...
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...or how to use tires to reduce fuel consumption. The UN World Environment Day, to being held today in Mexico City, is the perfect opportunity for Michelin to show the world how it helped save 66.7 million liters of fuel in one and a half years, according to their own ...
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Jenson Button's unbelievable evolution in F1's 2009 season made us wonder if there are any surprises left or if we should all already congratulate the Brit. We thought about it and then we realized it would be wiser to ask you about it.
As a consequence, we ...
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Just as we said today, Fiat is still interested in purchasing Opel, despite that Magna International has already sealed a deal with the German government and GM Europe. Well, the news was confirmed today by Fiat CEO Sergio Marchionne who said that the Italian ...
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As was to be expected since the early hours of the day, the official confirmation of Penske's takeover of Saturn came from GM. The catch phrase of the deal: save some 13,000 jobs from some 350 dealerships and Saturn facilities.
According to the terms of the ...
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Swedish automaker Volvo has just received a 500 million euro loan from the European Investment Bank which will allow the company to continue its green efforts and finance a project to develop low-emission vehicles. According to a report by AP, the money will be ...
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Living under bankruptcy protection in the United States, General Motors continues restructuring all over the world, with governments asked to provide financial support as soon as possible. Argentina has just approved a $70 million loan for the American automaker ...
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General Motors is said to get back to profitability as soon as 2011, the American manufacturer mentioned in court papers. Furthermore, Evercore Partners, the company's financial adviser expects GM to increase worldwide production from 3.8 million to six million by ...
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Following the somewhat disturbing news that GM's Hummer brand will be taken over by Chinese company Sichuan Tengzhong, as well as a result of some news claiming Chinese manufacturers aim to enter the US market, the Alliance for American Manufacturing (AAM) has issued a ...
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