BMW Shares Increase on Speculation of Mercedes-Benz Colaboration
17 Feb 2009, 10:04 UTC · By: Madalina Iancu / Although nothing is yet official about a future cooperation between Mercedes-Benz and BMW, the story is already bringing some profit. According to Autonews, BMW shares increased by 2 percent ...
GM Europe to Cut Costs, Fire Thousands
17 Feb 2009, 08:08 UTC · By: Bogdan Popa / Following yesterday's announcement that the American automaker may close the doors of about 3 production facilities in the near future, General Motors today said the restructuring plan might co...
Fiat Targets US Return with Fuel-Efficient European Models
16 Feb 2009, 18:39 UTC · By: Bogdan Popa / Following the major strategic alliance signed with Chrysler, Fiat aims to take full advantage of the agreement and prepares to launch a series of fuel-efficient models in the United States that woul...
Sale of Motorbikes for Children Is Now Illegal in America
16 Feb 2009, 14:37 UTC · By: Madalina Iancu / Children who wanted to ask their parents to give them a motorcycle for their birthday should change their wish list as starting with last week, the sale of such devices is illegal. February 10 wa...
Suppliers Require 10 Billion Euros in Loans from the EIB
16 Feb 2009, 14:13 UTC · By: Bogdan Popa / While several European car manufacturers have already received funds from their domestic governments, suppliers are still in a desperate situation and ask the European Investment Bank to provide no ...
Chinese Chery Wants Volvo
16 Feb 2009, 12:00 UTC · By: Daniel Patrascu / Ford's decision to sell its Volvo brand has stirred things quite a bit in communist-capitalist mixed China. If the beginning of the month brought rumors about Geely Automobile Holdings' in...
BMW and Mercedes-Benz Step Up Future Cooperation Partnership
16 Feb 2009, 13:17 UTC · By: Madalina Iancu / If you can't beat your rival, then the best solution is to ally with him and share resources. Mercedes-Benz and BMW have many times discussed about possible partnerships but now it seems that t...
Volkswagen Golf Remains Most Popular Car in Europe
16 Feb 2009, 11:47 UTC · By: Bogdan Popa / The automotive industry, no matter if we're talking about the European, the North American or the Middle East markets, undoubtedly faced the most difficult times in history, with the recession ...
Three GM Europe Plants Risk Closure
16 Feb 2009, 11:32 UTC · By: Daniel Patrascu / The rush for cash the American company is involved in could result in the closing of three or more plants in Europe. The measure could be taken as part of the company's goal to reach 1.6 billio...
Ford Motor Credit to Cut Workforce by 1,200
16 Feb 2009, 11:23 UTC · By: Bogdan Popa / While parent company Ford Motor Co. repeatedly said it doesn't need financial aid from the United States government, the lending division belonging to the automaker is still struggling to retur...
VW's Union Boss Bernd Osterloh Gets Seat on Porsche Council
16 Feb 2009, 09:07 UTC · By: Daniel Patrascu / The most outspoken critic of Volkswagen's (VW) takeover by Porsche, Bernd Osterloh, has managed to get a seat on the four person council of Porsche Automobil Holding, the overseer of Porsche�...
Mini's 850 Job Cuts to Hit Cowley Factory
16 Feb 2009, 08:32 UTC · By: Daniel Patrascu / BMW will scrap 850 agency workers' jobs at its Mini plant in Cowley, Oxford. In addition, the company has decided it will end weekend working, and announced it has also identified another 150 &...
BMW to Make First Payment in Special Finance Program
15 Feb 2009, 18:29 UTC · By: Bogdan Popa / BMW is introducing in the US a two payment program for vehicles financed through BMW Financial Services (up to $750 per month / $1,500 max). The program is available for 18 different BMW models and ...
Weekly Roundup: 09.02.2009 – 13.02.2009
15 Feb 2009, 18:15 UTC · By: Tudor Raiciu / With the sales forecasts out of way, the auto industry is slowly coming back to life. Some credit for this should go to the 2009 Chicago Auto Show and the 2009 Geneva Auto Show, as most new launches...
Bangle to Open Own Design Studio
13 Feb 2009, 17:19 UTC · By: Daniel Patrascu / All automotive fans know by now that BMW lost its chief designer at the beginning of the month. For some, the news came as a relief, for others as a low blow. But both sides must have wondered what ...
Spain to Provide 4 Billion Euros to Struggling Automakers
13 Feb 2009, 17:07 UTC · By: Bogdan Popa / Similar to various countries around the world, the Spanish government today agreed to provide 4 billion euros ($5.1 billion) to local automakers that may require financial aid following the massive ...
Porsche Mandatory Offer for Scania Complete
13 Feb 2009, 16:58 UTC · By: Daniel Patrascu / Porsche's mandatory takeover offer for Scania, made on February 3rd, was completed today, as the German automaker announced it acquired 7.9 percent of the Swedish truck manufacturer. At that ti...
Nissan-Chrysler Small Car Put on Hold
13 Feb 2009, 15:47 UTC · By: Bogdan Popa / Nissan and Chrysler yesterday announced that they decided to put on hold a joint venture to develop a small car and a full-size pickup to be sold in North America, citing the economic recession as t...
Valeo and Michelin Partner for Rechargeable Hybrid Systems
13 Feb 2009, 14:27 UTC · By: Bogdan Popa / Since hybrid and electric technologies are regarded as extremely important and the base platform for future vehicles, stepping into this sector is a must have for companies that aim to increase thei...
GM Executives Meet Merkel to Discuss about Opel
13 Feb 2009, 14:24 UTC · By: Madalina Iancu / Opel's future is still in doubt as GM has not yet decided what to do with the brand. Today's meeting, however, might make some light in the whole insecure situation. According to Autone...