Kia Expects for 2009 at Least the Same Sales as in 2008
13 May 2009, 10:42 UTC · By: Bogdan Popa / 2008 was the first year that felt the pressure of the economic recession, with automakers reporting good sales in the first half and very poor figures in the second. This obviously resulted in disap...
Suzuki Halts Production in North America This Year
13 May 2009, 10:37 UTC · By: Bogdan Popa / The economic recession is far from being over and Suzuki is just the living proof that supports this statement. According to the company's CEO, the Japanese manufacturer will stop production in...
Daimler Prepares Job Layoffs for Japanese Truck Unit
13 May 2009, 09:47 UTC · By: Bogdan Popa / The economic recession is still putting pressure on companies involved in the automotive industry and, if you consider American automakers are not the best example, have a look at Daimler. The world...
Audi Posts 363 Million Euro Profit in Q1
13 May 2009, 10:05 UTC · By: Daniel Patrascu / It's not much, but it's a start...One of the few manufacturers to have posted a profit for the fiscal year 2008 (in fact, it was the company's 13th consecutive record year), Audi come...
Chrysler Bankruptcy Could Take Two Years
13 May 2009, 09:43 UTC · By: Bogdan Popa / That would be something... Instead of the 60 days period announced by President Barack Obama, Chrysler's bankruptcy could take up to two years, Bloomberg reported today citing an administration...
Porsche Panamera Begins Production in Leipzig
13 May 2009, 09:13 UTC · By: Daniel Patrascu / After flooding us the past few months with news of the Panamera, Porsche has finally began production of its fourth model, in preparation for the market release in September this year. Even more, th...
Piech: Fiat-Chrysler-GME, Three Sick People in One Bed
13 May 2009, 08:35 UTC · By: Daniel Patrascu / Leaving aside the civil war he has to face at home against Wolfgang Porsche, Ferdinand Piech took a moment to look at what may become Volkswagen Group's most fierce competition: the possible Fi...
VW Debuts Small-Displacement Engines for Golf, Polo
13 May 2009, 07:58 UTC · By: Bogdan Popa / There's no doubt small-displacements engines developing decent power combined with very low CO2 emissions and fuel consumption are the main target for most automakers nowadays. And Volkswagen m...
Marchionne Denies Suzuki's Involvement in Fiat-Opel Alliance
12 May 2009, 14:54 UTC · By: Bogdan Popa / A new day, a new rumor regarding Fiat's alliance with Opel. This time we're talking about Suzuki, the Japanese manufacturer which, according to some Italian newspapers, might also join the...
Nissan Reports $2.32 Billion Loss for FY2008
12 May 2009, 15:02 UTC · By: Tudor Raiciu / The group of companies announcing poor fiscal year results grew today with Nissan, who posted a net loss of 233.7 billion yen (US $2.32 billion, euro 1.62 billion) for the fiscal year 2008. You m...
Ghosn Sticks with Nissan
12 May 2009, 14:54 UTC · By: Daniel Patrascu / After Nissan posted a $1.4 billion net loss for 2008, the company's CEO Carlos Ghosn stepped in and said he would not resign before the Japanese manufacturer gets back on track and returns to p...
Continental to Supply Tires for Freightliner M2 Trucks
12 May 2009, 14:23 UTC · By: Bogdan Popa / Continental Tire North America today announced it has formed a new agreement with Freightliner Trucks to become the main supplier of tires for Freightliner Business Class M2 medium-duty trucks. Furt...
Citroen Boosts C3 Picasso Production
12 May 2009, 14:21 UTC · By: Bogdan Popa / Although some companies are actually feeling that the crisis is rather deepening than getting back to the pre-recession levels, Citroen is doing pretty great in Europe and plans to increase producti...
Ford Is Selling Stock
12 May 2009, 14:53 UTC · By: Daniel Patrascu / The third-party of the now extinct Detroit Three, Ford Motors, emerged from the dark and has announced it registered a public offering of 300 million shares of its common stock to be sold at a value...
GAZ Confirms It Wants to Buy Opel
12 May 2009, 14:20 UTC · By: Bogdan Popa / After weeks of denial, the Russian automaker GAZ finally confirmed all those reports claiming it plans to buy the German ailing unit Opel. Basically, the Russian company admitted it wants to join fo...
Suzuki Joins the Scrappage... Scheme
12 May 2009, 14:57 UTC · By: Daniel Patrascu / As was to be anticipated, manufacturers have already begun to flock to the recently-announced soon-to-come-into-effect scrappage scheme. The fastest of them all was Skoda, who announced their entry ...
Hyundai to Build i20 in Europe
12 May 2009, 12:53 UTC · By: Bogdan Popa / There's no surprise automakers around the world plan to shift production from a location to another, with General Motors probably the best example in this matter. The reason? Obviously an attem...
Want to Work for Audi?
12 May 2009, 12:36 UTC · By: Daniel Patrascu / Now this is something you don't often see these days...German manufacturer Audi has put 100 apprentice positions out for grabs in the fields of electronics and mechatronics. Go for it and at th...
Obama Cuts Chrysler's Ad Budget
12 May 2009, 12:32 UTC · By: Daniel Patrascu / As we have seen in our previous reports, Chrysler has put its main advertising partner, BBDO Detroit to work for the creation of the company's new image. Even if such a move under bankruptcy mi...
GM to Produce US Cars in China
12 May 2009, 10:41 UTC · By: Bogdan Popa / Just as we told you a few days ago, General Motors plans to build some of the cars sold in the United States overseas, as part of a broader attempt to cut production costs. However, there was no wor...