Five Bidders for Volvo, Geely Among Them. Or Not
7 May 2009, 14:52 UTC · By: Daniel Patrascu / Volvo may be in new hands by the end of June, according to inside sources cited by Autonews. Among them, the same sources claim that Chinese manufacturer Geely is among the five remaining bidders. ...
GM Feels the First Taste of Bankruptcy, Reports $6bn Loss
7 May 2009, 13:45 UTC · By: Bogdan Popa / It may seem like bankruptcy becomes inevitable for General Motors too as even the so-many anti-recession moves it applied in the United States prove to be useless. The American giant today announced...
Spain's Support? Not Enough, Says Citroen
7 May 2009, 13:12 UTC · By: Bogdan Popa / Citroen Managing Director Jean-Marc Gales calls for more support in Spain because the local government hasn't done enough to help automakers tackle the economic chaos. The statement was made du...
UK Car Sales, Down in April, Down in Q1
7 May 2009, 10:48 UTC · By: Daniel Patrascu / The pressure doesn't seem to ease up on the British automotive industry. The country has registered in April its 11th consecutive month in which negative sales figures were registered. This tim...
GM Wants 30 Percent Share in Fiat
7 May 2009, 10:27 UTC · By: Daniel Patrascu / Twisted are the ways of the financial crisis...The automotive industry is currently going through what may very well be the most exciting times, in terms of new and fascinating developments at least...
Renault-Nissan's Zero-Emission Goes to Singapore
7 May 2009, 10:01 UTC · By: Bogdan Popa / The Renault-Nissan alliance today announced it has formed a new partnership with the Energy Market Authority (EMA), the Land Transport Authority (LTA) and the Economic Development Board (EDB) of Sin...
Ludwig Willisch Takes Over BMW's European Sales Region
7 May 2009, 10:23 UTC · By: Daniel Patrascu / The former president of BMW's sports division, M, has been put in charge of the company's European sales region. This will make him responsible of all BMW and MINI sales in all European co...
Renault - Nissan Eyes Saturn
7 May 2009, 09:15 UTC · By: Daniel Patrascu / It would have seemed that the French manufacturers are the only ones who did not plan on getting their share of the American crumbled automotive pie. That appears not to be so anymore, as reports by...
Carlos Ghosn Appointed President and CEO of Renault
7 May 2009, 08:07 UTC · By: Alina Dumitrache / At Renault's Annual General Meeting held on May 6, 2009, the Board of Directors named Carlos Ghosn the new Chairman of the Board of Directors and also appointed him President and CEO of Renault...
The Fiat-Chrysler-GME Merger
7 May 2009, 08:17 UTC · By: Daniel Patrascu / Fiat's CEO, Sergio Marchionne, has confirmed that he will become the future CEO of the American manufacturer Chrysler, following its emergence from under Chapter 11 protection. Marchionne told ...
Ford Invests $550 Million in Small-Car Production Facility
7 May 2009, 07:26 UTC · By: Bogdan Popa / Ford, one the members of the Detroit 3 group, is making another step towards refreshing the product lineup by investing $550 million in the Michigan Assembly Plant. Basically, what Ford is aiming to...
Porsche and Volkswagen Will Merge
7 May 2009, 06:35 UTC · By: Daniel Patrascu / As we told you in our past reports, the German luxury manufacturer is passing through some difficult times these days. Due to large debts both Porsche and Piech families have accumulated, the compan...
Chrysler Launches New Incentives
6 May 2009, 14:32 UTC · By: Daniel Patrascu / Aware that, if the stock of cars it now holds doesn't start growing thin they may be in for an unpleasant surprise when exiting bankruptcy, Chrysler has set up a series of incentives meant on b...
Next Chrysler CEO Won't Get More Than $500,000 a Year
6 May 2009, 13:13 UTC · By: Bogdan Popa / After the United States government has severely criticized officials of both General Motors and Chrysler for the big salaries they got while working within the two companies, the next Chrysler CEO w...
Chrysler Unlikely to Repay Government Loans
6 May 2009, 12:38 UTC · By: Bogdan Popa / An interesting story, related to the same over-discussed bankruptcy filing of Chrysler, saw daylight today, this time pointing to a subject we all think about, but only a few had the guts to tackle ...
Saab Would Welcome Fiat
6 May 2009, 12:20 UTC · By: Daniel Patrascu / There's something rotten in the kingdom of Saab...If you are following the story, then you know that the Swedish manufacturer, "thanks" to its leadership, has become a kind of Comical...
GM-NADA Standoff
6 May 2009, 12:17 UTC · By: Daniel Patrascu / As was announced in the past weeks, General Motors has begun notifying 2,600 of its dealers that they will soon become obsolete for the company's future plans. The notifying will take GM all su...
Fiat 500, Alfa Romeo MiTo, Milano 940 Go to the US
6 May 2009, 11:21 UTC · By: Bogdan Popa / Just as we told you a long time ago, Fiat plans to use the Chrysler alliance to launch some new products in the United States that could expand the company's coverage in this unexplored region....
2010 BMW 5 Series GT to Be Released This Year
6 May 2009, 10:06 UTC · By: Daniel Patrascu / Intentionally or not, German manufacturer BMW has confirmed in a release of the group's financial results for the first quarter of 2009, the fate of some of their future models. Particularly, w...
Chrysler's Non-US Assets Still on the Safe Side
6 May 2009, 08:45 UTC · By: Bogdan Popa / Although the company has filed for bankruptcy in the United States, Chrysler insists the assets it owns outside its domestic market are still on the safe side, with no major changes to be announced ...