Mazda Goes to Azerbaijan in Search of New Markets
30 Apr 2009, 14:27 UTC · By: Tudor Raiciu / Did you know that Azerbaijan didn't have a Mazda dealership? We didn't, but Mazda was quite aware of this issue and decided to do something about it. This is why they've announced to...
Honda Insight Beats Toyota Prius in UK
30 Apr 2009, 12:25 UTC · By: Bogdan Popa / The undeclared war between Honda Insight and Toyota Prius continues with a new episode, this time in the United Kingdom. According to a report by Carscoop, Honda Insight managed to win the first rou...
US Rallies for Chrysler
30 Apr 2009, 12:13 UTC · By: Daniel Patrascu / With bankruptcy becoming more and more of a certainty, mostly because of the hedge funds which did not agree with the $2 billion in cash swap for a $6.9 billion debt, Chrysler's swan song draws...
Obama Lives in a Yellow Submarine, Is Full of Hope for GM and Chysler
30 Apr 2009, 10:15 UTC · By: Tudor Raiciu / While GM and Chrysler are in limbo over the Chapter 11 bankruptcy law, President Barack Obama yesterday expressed his growing optimism concerning the two US carmakers. Apparently, his sudden mor...
GM Lends Dealers a Hand...
30 Apr 2009, 10:32 UTC · By: Daniel Patrascu / ...or at least a finger. As a result of the manufacturer's decision to step up the closure of 2,641 dealers in 18 months instead of the initial 5 years (most of them for the soon to be extinct ...
Skoda Posted 28.2 Million Euro Q1 Profit
30 Apr 2009, 09:49 UTC · By: Daniel Patrascu / The bad economic conditions have not been a deterrent for Czech manufacturer Skoda. The company has posted its financial result for the first quarter of 2009 and things don't look as bad as som...
Geely Visits Saab, Hints at Potential Agreement
30 Apr 2009, 09:30 UTC · By: Bogdan Popa / After months of uncertainty regarding Saab's future, here we have the first official name that might become Saab's long-desired parent in the near future: Chinese auto group Geely has visi...
Chrysler-Lenders Meeting Goes South
30 Apr 2009, 09:08 UTC · By: Daniel Patrascu / As the doomsday hour draws even closer for American manufacturer Chrysler, reports start poring in, some bringing good and some bringing bad news. After we reported earlier today that the signing of...
The Good Samaritan: Magna's Stronach Wants Only to Help Opel
30 Apr 2009, 09:12 UTC · By: Tudor Raiciu / If you've been reading our reports, you must have heard the rumors that Opel is being disputed by Magna International and Russian oligarch Oleg Deripaska on one side and sneaky Fiat on the othe...
Renault Experiences 22.4% Decline in Q1 Sales
30 Apr 2009, 08:25 UTC · By: Tudor Raiciu / After taking a financial stroll through Daimler's and Honda's not so thrilling first quarter results, it's time we visit the French as Renault have just posted their financial results...
Renault Boosts New Megane Production to Meet Growing Demand
30 Apr 2009, 08:25 UTC · By: Bogdan Popa / The new Renault Megane proves to be quite a hit, surprising even its parent company who didn't expect to see the newly-launched model meeting such a strong demand. Although we're still liv...
GM Bondholders Submit Own Plan
30 Apr 2009, 08:00 UTC · By: Daniel Patrascu / GM's new survival plan, presented at the beginning of the week along with the manufacturer's debt for equity, has displeased its bondholders in such an extent that now they have drafted th...
UAW Ratifies Chrysler Contract
30 Apr 2009, 06:55 UTC · By: Daniel Patrascu / Awaiting today's decision regarding its future along side Fiat, Chrysler managed to ratify it's restructuring contract with the UAW. 82 percent of production workers, 80 percent of the ski...
Aston Martin Can't Get Enough Dealerships, Opens in Prague
29 Apr 2009, 15:41 UTC · By: Tudor Raiciu / After two quite recently opened dealerships in Safenwil, Switzerland and Zagreb, Croatia, Aston Martin seems to have a thirst for more. A thirst that can only be quenched with yet another dealership...
GM to Continue Opel Negotiations Till May, Hints at Possible Sale
29 Apr 2009, 15:26 UTC · By: Bogdan Popa / There are a lot of rumors surfacing these days when it comes to GM's German unit Opel but, according to General Motors' new CEO Fritz Henderson, negotiations regarding a potential investme...
Michelin Records Mild Q1 Losses, but China Is Still OK
29 Apr 2009, 14:47 UTC · By: Tudor Raiciu / You'd think that tire manufacturers were severely hit by the declining sales posted by automakers around the world, except China of course. They are not doing great, but truth be told, they do...
Fiat Vice Chairman Confirms Chrysler Deal Decided Thursday Evening
29 Apr 2009, 14:21 UTC · By: Bogdan Popa / Only one day left until we'll finally find out whether Fiat and Chrysler will finally join their forces for one the largest strategic alliances in automotive industry or continue on their own. ...
Killing Saturn Equals Killing Hybrid Sales
29 Apr 2009, 14:19 UTC · By: Bogdan Popa / According to the most recent rumors, General Motors plans to shed Saturn by the end of the year unless it founds an outside investor willing to buy the ailing company. But what's interesting is...
Fiat's Marchionne Forecasts Chrysler Bankruptcy
29 Apr 2009, 13:37 UTC · By: Bogdan Popa / Fiat's CEO Sergio Marchionne already sees Chrysler filing for Chapter 11, the president of the Canadian Auto Workers told Autonews paraphrasing the Italian official. Ken Lewenza was extremely c...
US Government Slowly "Crawling" Towards "Cash for Clunkers" Bill
29 Apr 2009, 13:37 UTC · By: Tudor Raiciu / The US seem to be once again one step behind other countries in helping the automakers boost their disastrous sales. After failing to react in time to the soaring gas prices, the US lawmakers are ...