BMW US Sales Still Down in February
4 Mar 2009, 15:38 UTC · By: Daniel Patrascu / With the shortest month of the year over, it's time for car manufacturers to draw the line and start counting. No one hopes for great, maybe not even for good results, giving the disastrous fir...
Renault-Nissan Starts Zero-Emission Initiative
4 Mar 2009, 14:31 UTC · By: Bogdan Popa / Renault-Nissan alliance and the city of Yokohama today announced a zero-emission mobility initiative codenamed "Project Zero" especially aimed at cutting CO2 emissions and encourage people...
Passat CC, Volkswagen's Only Best Selling Model
4 Mar 2009, 14:19 UTC · By: Madalina Iancu / Certainly no one expected that automakers would score impressive results this year in the land where the financial crisis initially started and therefore, some of them seem content with their Februa...
Chrysler's Sales Still Down in February
4 Mar 2009, 13:35 UTC · By: Daniel Patrascu / Chrysler reported yesterday its February sales figures for the US retail market and as all expected, no big surprise came out of it. Decreasing sales are still the underlying factor in the company&#...
GM Europe's Bankruptcy Would Mean 300,000 Lost Jobs
4 Mar 2009, 11:56 UTC · By: Daniel Patrascu / GM Europe's failure to save itself from a possible bankruptcy would mean the loss of 300,000 jobs on the continent, affecting the people working in manufacturing plants, suppliers and dealers, ...
Mercedes-Benz: We Sold Less than last Year but More than Rivals
4 Mar 2009, 11:38 UTC · By: Madalina Iancu / Since any sale is better than no sale at all, Mercedes Benz USA has one reason more to be proud of. Although February sales dropped by 23.5 percent in the United States when compared to last year, t...
Electric Cars Are "Far Away", VW CEO Says
4 Mar 2009, 09:59 UTC · By: Daniel Patrascu / Martin Winterkorn, Volkswagen CEO, put a dent in environmentalists hopes for an all electric vehicle for the masses in the near future, as he said yesterday in Geneva these types of vehicles are ver...
Tesla Makes Canadian Auto Market a Priority
4 Mar 2009, 08:44 UTC · By: Bogdan Popa / Tesla Motors yesterday began to sell cars in Canada, the electric vehicle manufacturer announced, with the first models to be delivered to Canadian customers in the fourth quarter of this year. Tesl...
February Sales Down in Spain and France
2 Mar 2009, 17:24 UTC · By: Daniel Patrascu / The approaching spring seems to have little impact on the frozen new car sales the market is stuck with from some time now. Since an end to the economic crisis is yet to be foreseen, news of continu...
Banks Want Control on Schaeffler Group
2 Mar 2009, 17:13 UTC · By: Madalina Iancu / It looks like the Schaeffler Group is really in big trouble right now. Reporting losses of up to 6 billion euros ($7.6 billion) in their balance sheet, the banks that financed the takeover of Contin...
Opel Nears Collapse, Needs Immediate Aid
2 Mar 2009, 17:05 UTC · By: Daniel Patrascu / General Motors' European subsidiary Opel is sinking ever deeper into the financial turmoil that shakes the automotive industry. The company has now reached the point when it says that without i...
Recreational Vehicles Still on Track, Despite Crisis
2 Mar 2009, 08:39 UTC · By: Daniel Patrascu / Attendance figures to Recreational Vehicle (RV) shows across the US showed increased consumer interest towards this segment in 2009, despite the sever financial crisis. Such shows in Florida, Utah ...
Mercedes Reports 55 Percent EBIT Drop in 2008
2 Mar 2009, 08:32 UTC · By: Bogdan Popa / Taking into account the economic turmoil that occurred in the third and fourth quarter of 2008, the disappointing figures automakers are now reporting shouldn't amaze anyone. Mercedes is probab...
Daimler Opens Cascadia Production Plant in Mexico
2 Mar 2009, 08:03 UTC · By: Daniel Patrascu / Daimler Trucks North America opened on Friday a new manufacturing plant in Saltillo, northern Mexico. The facility is expected to create 1,400 direct jobs and 200 indirect ones as well as generate s...
Ford Cleveland Engine Plant to Build EcoBoost Engines
1 Mar 2009, 08:01 UTC · By: Daniel Patrascu / Ford Motor is resuming production at its Cleveland Engine Plant No. 1, after two years of inactivity, and will use the facility to build the company’s new fuel-efficient EcoBoost engines. T...
Opel Sends Viability Plan to Germany, Demands 3.3 EUROS in Support
27 Feb 2009, 16:18 UTC · By: Bogdan Popa / General Motors Europe and Opel submitted their viability plan to the German government, emphasizing the need for state support to finance a liquidity gap through the end of 2011. Curiously enough, G...
Fiat Is the Less-Polluting Automaker in Europe
27 Feb 2009, 16:28 UTC · By: Bogdan Popa / CO2 emissions and fuel economy are two of the over-discussed subjects since the beginning of the economic turmoil, with the majority of car manufacturers altering their production lines to focus on ...
US Automotive Aid Displeases France
27 Feb 2009, 15:49 UTC · By: Daniel Patrascu / As the economic crisis rages on, there is not a single car manufacturer on the planet that can escape its grip. We have all seen ever decreasing sales reports, massive job cuts and plant closures. M...
Bentley Confirms Price Increase in the UK
27 Feb 2009, 13:03 UTC · By: Bogdan Popa / Even though Bentleys aren't quite the cheapest models in the world, the English car manufacturer today announced that it will increase prices in the UK by 5 percent following the depreciation o...
Magna Steyr Will Build G-Klasse Until 2015
27 Feb 2009, 11:31 UTC · By: Daniel Patrascu / Mercedes Benz's G-Klasse model, Carlsson's and RENNtech's favorite car to mess around with, will continue to see production until the end of 2015, Reuters reported. The Austrian contr...