Dealers Under Financial Pressure, Slash Workforce Across the US
2 Feb 2009, 10:59 UTC · By: Bogdan Popa / Even if the United States government agreed to help the struggling domestic automakers GM and Chrysler, problems are far from being over in the country. Despite the companies' efforts to preser...
GM Intends to Save Saturn
2 Feb 2009, 10:42 UTC · By: Madalina Iancu / Although in December last year, GM mobilized all its forces to convince the Congress help it save Chevrolet, Cadillac, Buick and GMC and no word was mentioned about the Saturn brand, it seems that t...
Saturn, Saab and Hummer Future Still in Doubt
2 Feb 2009, 09:42 UTC · By: Bogdan Popa / The short history so far: General Motors received a $13.4 billion in December from the Bush administration and was asked to provide a viability plan to the government by February 17. In other words,...
Dacia Goes Eco with New Engine Versions
2 Feb 2009, 10:23 UTC · By: Daniel Patrascu / Joining the race for a better, cleaner environment, and after doing so with its Renault brand, the French manufacturer will introduce three eco-friendly engines for its Dacia brand. The alternative...
Chrysler CEO Promises to Invest Bailout Money in North America
2 Feb 2009, 08:42 UTC · By: Bogdan Popa / Despite the fact that the automaker recently signed a strategic agreement with Fiat, the bailout money sourced from the United States Treasury will be exclusively used in North America, Chrysler CEO...
US Automakers Ally Against State-by-State Regulations
2 Feb 2009, 08:20 UTC · By: Bogdan Popa / American automakers are now joining forces for a major campaign against state-by-state regulations and struggle to convince the Washington authorities that a unique national standard would be useful...
Weekly Roundup: 26.01.2009 – 30.01.2009
1 Feb 2009, 11:33 UTC · By: Bogdan Popa / Since the economic recession has not passed yet, the whole week was often dotted with news related to struggling automakers or cost-cutting measures applied by companies fighting against the economi...
Porsche Is Pessimistic, Forecasts Poor Sales
30 Jan 2009, 16:11 UTC · By: Madalina Iancu / The good news that the German automaker got a museum is, however, darkened by the seemingly poor sales Porsche scored in the past six months (August 1-January 31). After taking a look at the deve...
Volkswagen Cuts 400 Jobs in South Africa
30 Jan 2009, 15:57 UTC · By: Daniel Patrascu / The economic instability seems to be a never ending pool of stories, whether they are good or bad. But, mostly, bad. As is the news for 400 South African Volkswagen workers, who will soon join thous...
Honda Profits Drop 90% in Q3
30 Jan 2009, 14:28 UTC · By: Daniel Patrascu / Honda has posted its Q3 financial report and things are looking really scary. The company's operating profit dropped 63 percent in 2008's last quarter and the net profit in practically non...
Daimler AG-Beiqi Foton Motor Joint Venture
30 Jan 2009, 13:17 UTC · By: Daniel Patrascu / Daimler AG and Beiqi Foton Motor signed a letter of intent to form an equal share joint venture to produce medium and heavy-duty trucks in China. The joint venture will benefit from Daimler’s ...
Volvo, the Best-Selling Premium Brand in Russia
30 Jan 2009, 10:06 UTC · By: Madalina Iancu / The Russians seem to be faithful fans of the Swedish brand that makes cars as safe as houses. Since Volvo succeeded in beating competition in the premium segment for the third consecutive year in th...
No 2009 Saturn Astra for the US Market
30 Jan 2009, 10:30 UTC · By: Daniel Patrascu / Launched in January 2008 for the U.S market, the Opel-Vauxhall Astra based car will be discontinued for sale this year in the United States. At the beginning of the month, 139 days worth of Astra we...
Ford Fusion Hybrid Better Than Camry Hybrid. Toyota: Is Not!
30 Jan 2009, 09:44 UTC · By: Daniel Patrascu / The U. S. Environmental Protection Agency (EPA) decided that the Ford Fusion Hybrid is more fuel efficient than the Toyota Camry Hybrid. The two cars were compared as being part of the same class o...
Ford Aims to Sell Volvo for Nearly $10 Billion
29 Jan 2009, 14:02 UTC · By: Bogdan Popa / Volvo has been the leader in safety for many years but this thing is simply useless today when the company's sales are extremely poor. Unfortunately for the Swedish brand, Ford is continuously ...
Aston Martin Shortens the Workweek
29 Jan 2009, 13:51 UTC · By: Daniel Patrascu / Three days of work, four days of weekend. This is what employees of Warwickshire based Aston Martin will have to get used to for an undisclosed period of time, as the company has decided to go to a ...
GM to Produce New Buick in Germany
29 Jan 2009, 10:59 UTC · By: Bogdan Popa / General Motors won't produce new Saab cars in Germany but, in return, it will move the production of new Buick models at Opel's main plant in Ruesselsheim near Frankfurt. Opel will become ...
Ford Reinforces Global Marketing
29 Jan 2009, 09:54 UTC · By: Madalina Iancu / In an attempt to reinforce the brand's communication with customers and global marketing across the world and to implement “One Ford” vision, the Detroit automaker makes chang...
Highest Federal Tax Credit for 2010 Ford Fusion Hybrid
29 Jan 2009, 11:15 UTC · By: Daniel Patrascu / Buying a hybrid could not only help you protect the environment, but can also save you some money. The federal tax credit for hybrid vehicles was set in place to do just that. This incentive could ...
Ford to Post Big Loss for Q4
29 Jan 2009, 08:51 UTC · By: Daniel Patrascu / Problems keep on piling up for the U.S. automotive industry, the biggest in the world. Ford Motor Co. is expected to post its fourth quarter financial report on Thursday and figures are likely to&nb...