2008 Mercedes-Benz Truck Sales at All-Time High
12 Feb 2009, 15:56 UTC · By: Bogdan Popa / Even if it's fairly obvious that commercial vehicles are expected to bring lower sales during recession times, the truck division of Mercedes-Benz reached an all-time high in 2008, according to...
Ssangyong's Chinese Executives Quit and Go Home
12 Feb 2009, 15:42 UTC · By: Daniel Patrascu / Ssangyong, the fourth largest South Korean manufacturer lost all its Chinese management, as all 30 Chinese staff, including about 10 executives led by Lan Qingsong have returned to China. Ssangy...
GM's Daewoo Calls for Financial Aid
12 Feb 2009, 15:31 UTC · By: Bogdan Popa / With the recession still making victims among global automakers, more and more companies decide to ask for support from their local governments, explaining that financial aid is absolutely mandatory...
Kia Temporarily Halts Production in Slovakia
12 Feb 2009, 15:22 UTC · By: Bogdan Popa / South Korean automaker Kia Motors today announced it will temporarily halt production at the Slovak facility due to collapsing sales in Europe. Even though Kia officials did not mention the new prod...
Renault Scraps Laguna and Espace
12 Feb 2009, 14:35 UTC · By: Daniel Patrascu / French automaker Renault is to terminate production of the Laguna and Espace models it produces at the Sandouvile plant. The decision is part of the larger plan Renault has developed in order to get...
Ford Has the Highest European Market Share Since 2004
11 Feb 2009, 17:09 UTC · By: Daniel Patrascu / January 2009 brought a small victory in Ford's war against the economic crisis. Last month's figures indicate a 0.5 percent increase across Europe's 19 markets, bringing the total to ...
Wolfgang Bernhard Returns to Daimler AG
11 Feb 2009, 16:33 UTC · By: Alex Oagana / After a short two-year stint as Member of the Board at the Volkswagen Group and approximately five months as a consultant for Cerberus Ltd, Dr. Wolfgang Bernhard returns to his first love: Daimler A...
PSA Peugeot Citroen Hopes for 11,000 Voluntary Departures
11 Feb 2009, 16:28 UTC · By: Daniel Patrascu / The French group PSA Peugeot Citroen, the second largest in Europe, has developed a layoff plan through which it hopes to relieve on a voluntary basis 11,000 employees worldwide in 2009, france24 re...
Mini E Test Delayed by Flood of Applicants
11 Feb 2009, 16:14 UTC · By: Daniel Patrascu / No, there is no technical problem with Project i's Mini Electric and no, BMW has not ran out of money for the US test. It's just that so many applicants have registered as Mini wannabe tes...
US to Approve $1 Trillion to Boost Consumer Credit
11 Feb 2009, 15:23 UTC · By: Bogdan Popa / Since the global credit crunch together with all its allies, and count here the global recession as a whole plus the continuously collapsing new car demand, brought the world's largest automake...
Mini Plans a Diesel for the US Market
11 Feb 2009, 14:48 UTC · By: Daniel Patrascu / Already present in other parts of the world with diesel engines, BMW's Mini now turns its attention to the American market. Tighter car emission regulations that are in effect in the US have ke...
Nissan Requests US Loan to Build Electric Cars
11 Feb 2009, 14:27 UTC · By: Bogdan Popa / Nissan has requested the United States government to provide financial support for its local operations in order to design new electric vehicles along with the batteries needed to power them. Even t...
Ferrari Reports Record 2008 Sales Figures
11 Feb 2009, 14:11 UTC · By: Daniel Patrascu / The Italian car manufacturer Ferrari has announced it had an excellent 2008, despite the crisis that shook the automotive world. In 2008, Return On Sale (ROS) growth that began in the previous years...
China Beats US at Car Sales
11 Feb 2009, 13:59 UTC · By: Madalina Iancu / Although many doubted the potential of the world's biggest continent to beat US when it comes to car sales, it seems that the impossible turned into possible and China vehicle sales managed to ...
PSA Sales Drop 7.4 Percent in 2008
11 Feb 2009, 13:26 UTC · By: Bogdan Popa / We all knew 2008 was a difficult year, particularly in the end when the economic recession started slashing sales, workforce and profits of automakers all over the world. The PSA Peugeot Citroen gro...
Mercedes Vans Brought Steady Sales in 2008
11 Feb 2009, 11:53 UTC · By: Bogdan Popa / Despite extremely difficult market conditions, especially during the third and the fourth quarter of the year, Mercedes' vans brought pretty high sales all over the world in 2008, with the Spri...
Subaru Posts January Great Lakes Region Sales: Up We Go!
11 Feb 2009, 09:50 UTC · By: Daniel Patrascu / The American continent truly seems to be the land of opportunities. Despite wide scale January sales plunge for most local car manufacturers and dealers across the continent, the Asian car makers ke...
Bentley Fires 220 Employees
11 Feb 2009, 08:54 UTC · By: Madalina Iancu / As the financial crisis continues to hit automakers across the world, many of them are forced to drastically cut costs by laying off employees in order to survive. Unfortunately, Bentley is no excep...
Nissan Gasps for Air, but Opens Plant in Russia
11 Feb 2009, 08:32 UTC · By: Daniel Patrascu / As we reported these past few weeks, especially in the last days, Nissan has got itself in a big pile of... trouble. Having a bleak $2 billion loss forecast, Nissan sees itself in the position of ha...
Ford Fiesta Was UK's Top Selling Car in January
10 Feb 2009, 16:29 UTC · By: Bogdan Popa / New car sales fell all over the world, no matter the models sold in a specific area or the segment of buyers they are addressed to. But even so, Ford says its appealing models, count here Fiesta, Fo...