Rolls Royce Rolls Into Thailand
19 Feb 2009, 16:17 UTC · By: Daniel Patrascu / We all know by now and some are already bored with the subject that the economic crisis is not even close to the end. When automotive companies are forced to close down factories, fire workers, scra...
Ford Romeo Rolls Out 10 Millionth Engine
19 Feb 2009, 14:57 UTC · By: Bogdan Popa / Ford proudly announced today that its Romeo Engine Plant recently produced the 10 millionth engine, soon to be shipped to AutoAlliance International in Flat Rock, Michigan to power a 2010 Mustang GT...
Koichi Suzuki to GMAC: "We Need Loans"
19 Feb 2009, 14:42 UTC · By: Madalina Iancu / In an automotive world badly hit by global recession, consumer loans are the only thing that Koichi Suzuki asks from GMAC. That's why, the American Suzuki's executive vice president of ...
GM: No Opel Plants to Be Closed for the Time Being
19 Feb 2009, 13:51 UTC · By: Bogdan Popa / American automaker General Motors does not plan to close German production facilities owned by Opel and expects to see most of its European operations returning to profitability by 2011. Juergen...
Buy a Vauxhall Van and Get Five Percent Cashback
19 Feb 2009, 13:17 UTC · By: Bogdan Popa / There’s no wonder that automakers and dealerships around the world roll out astonishing new cars offers during the economic recession but when hearing about a “buy one, get two” ad...
Chrysler CEO Nardelli Gets $1 a Month. Or Does He?
19 Feb 2009, 10:50 UTC · By: Daniel Patrascu / The struggling American automotive industry has made all of the executives' decisions, plans, and even their salaries, become subject of public debate. After GM and Ford had their leaders...
Sweden Disappointed with GM's Saab Plans
19 Feb 2009, 08:51 UTC · By: Bogdan Popa / Following General Motors' statement that Saab may file for bankruptcy by the end of the month, Swedish officials expressed their disappointment regarding the parent company’s plans, point...
EuroNCAP Revised Safety Ratings
19 Feb 2009, 08:47 UTC · By: Daniel Patrascu / The European New Car Assessment Program has tested the first six cars using its revised overall car safety rating. Mazda 6, Mitsubishi Lancer, Toyota Avensis, Toyota iQ, Citroen C3 Picasso and Subar...
General Motors Puts High-Performance Models on Hold
19 Feb 2009, 08:01 UTC · By: Bogdan Popa / As part of a broader attempt to prove the company’s viability and to concentrate on operations that could bring it back to profitability in the next few years, General Motors yesterday announc...
Daimler Opens Office in Iraq
18 Feb 2009, 19:45 UTC · By: Daniel Patrascu / Daimler announced the official opening of its Corporate representative Office in Iraq's capital, Baghdad. The event is the first step the company takes to reclaim its place on the Iraqi market....
EIB Gives Automakers 7 Billion Euros
18 Feb 2009, 16:11 UTC · By: Bogdan Popa / The European Investment Bank (EIB) has just approved a 7 billion euros ($8.9 billion) loan package for ailing automakers who are seeking for funds to continue green cars development. According to Re...
Toyota Suspends UK Salaries
18 Feb 2009, 15:54 UTC · By: Bogdan Popa / As part of a broader campaign to cope with the economic downturn, Japanese automaker Toyota today announced it decided to freeze UK salaries, citing the lowering demand as the reason. According to A...
France to Open Charging Stations for Electric Cars
18 Feb 2009, 14:54 UTC · By: Bogdan Popa / Since electric cars are often regarded as the future of the automotive sector, the adjacent infrastructure is more than a must have in a certain country of the world. Just imagine a world full of hy...
Goodyear Cuts 5,000 Jobs, Freezes Salaries
18 Feb 2009, 14:09 UTC · By: Daniel Patrascu / Another bad news comes from the US, this time from a tire manufacturer. Goodyear Tire & Rubber Co. has announced it will cut nearly 5,000 jobs and will freeze salaries to the remaining ones. The...
Nissan Demands Financing from the European Investment Bank
18 Feb 2009, 13:11 UTC · By: Bogdan Popa / Just like many other automakers who saw their sales going down and the cost-cutting measures they applied partially inefficient, Nissan today called for support from the European Investment Bank, po...
Honda Insight Gets 10,000 Orders since Launch
18 Feb 2009, 10:29 UTC · By: Daniel Patrascu / The new Honda Insight Hybrid has stirred somewhat of a fuss after its official February 6th showroom launch in Japan. In only ten days, some 10,000 orders have been placed for the new model, more th...
GM's Plan for Europe
18 Feb 2009, 09:26 UTC · By: Daniel Patrascu / GM's need for money does not restrict itself to the US market. The company's European division is waiting to find out the overseas events that will affect its operations. GM‘s Europ...
Michigan Gives Ford $55 Million Incentive for Hybrid Development
18 Feb 2009, 08:07 UTC · By: Bogdan Popa / The Michigan Economic Development Corporation (MEDC) approved $55 million incentives in refundable tax credits for American automaker Ford to continue its efforts in the electrical vehicle developme...
GM, Chrysler Submit Survival Plans
18 Feb 2009, 08:05 UTC · By: Daniel Patrascu / As we reported throughout the past few weeks, both GM and Chrysler were due yesterday to submit their survival plans as they are looking for additional financial aid to get through the economic cris...
European Car Market Shows No Sign of Recovery
17 Feb 2009, 17:25 UTC · By: Daniel Patrascu / Year-on-year sales reports show that Europe's automotive industry followed the trend set by the US crisis driven market and sinked by 26 percent last month. Although not as battered as its Amer...