GM to Fire 2,000 Workers, UAW Says It's Devastating
27 Jan 2009, 11:34 UTC · By: Bogdan Popa / General Motors has just confirmed that it plans to cut approximately 2,000 jobs at two plants, adding that the company also intends to idle several plants in the United States. Basically, the Americ...
Honda to Cut Production in the US and Japan
27 Jan 2009, 11:20 UTC · By: Bogdan Popa / Unfortunately for the automotive industry, the fight against the economic recession continues with even more cost-cutting measures. This time the anti-recession move concerns Honda, the Japanese aut...
BMW, the Top Eco-Friendly Premium Car
27 Jan 2009, 11:17 UTC · By: Daniel Patrascu / For the second year in a row, independent research has placed BMW at the top of the list of premium cars with lowest average CO2 emissions. The list has BMW at the top, with an average of 159.4g...
Chrysler to Bring 7 Fiat Models in the US
26 Jan 2009, 17:45 UTC · By: Bogdan Popa / The short story so far: Fiat and Chrysler announced a so-called global strategic partnership and the American automaker confirmed that it plans to bring several models designed by the Italian compan...
GM, Chrysler Urge Dealers to Order Cars
26 Jan 2009, 14:05 UTC · By: Bogdan Popa / Two of the struggling American automakers, General Motors and Chrysler, urged their United States dealerships to order as many cars and trucks as possible in the next two months in order to help the...
Ford: We're in Good Shape, No Loans Needed!
26 Jan 2009, 11:11 UTC · By: Bogdan Popa / Even though the whole automotive industry struggles to counteract the global recession with all kinds of cost-cutting measures, Ford Motor Co says it still doesn't need financial support from t...
Obama to Set New Auto Standards
26 Jan 2009, 10:41 UTC · By: Madalina Iancu / Just a few days after his extremely expensive inauguration as US president, Barrack Obama announced one more time his intentions regarding the car emission standards. According to The New York Ti...
Mahindra Plans Major Advertising Campaign for Future Diesel Pickups
26 Jan 2009, 10:31 UTC · By: Bogdan Popa / Indian manufacturer Mahindra plans a major advertising campaign for its upcoming light truck lineup which, according to some company officials, is expected to arrive in September, before its fourth-...
Bentley to Halt Production for Seven Weeks
26 Jan 2009, 09:37 UTC · By: Bogdan Popa / Luxury car manufacturer Bentley today announced that it will halt production of its Crewe facility for six or seven weeks, obviously due to the continuously decreasing demand in most markets across ...
Ford Runs Out of US Dealerships Cash
26 Jan 2009, 08:30 UTC · By: Bogdan Popa / Despite the fact that it repeatedly said the company does not need financial support from the United States government, Ford is clearly experiencing the same economical problems as the other two str...
Renault Names Jérôme Stoll Leader for Americas Region
26 Jan 2009, 08:27 UTC · By: Madalina Iancu / An extremely popular trend among automakers around the world during the financial crisis seems to be represented by changes in the management board. The French car maker Renault is no exception of t...
Weekly Roundup: 19.01.2009 - 23.01.2009
25 Jan 2009, 10:51 UTC · By: Bogdan Popa / Even though there were rarely dotted with new Formula 1 car launches, the last seven days were mainly focused on general automotive reports, just like it happened the week before. Despite the fact t...
Audi to Idle the Ingolstadt Plant for Five Days
23 Jan 2009, 16:07 UTC · By: Bogdan Popa / We all know the whole automotive industry is now under heavy pressure and, unfortunately, Audi is no exception to this rule. As part of its anti-recession plan, Audi today announced it will idle its...
Harley Davidson Proceeds to Layoffs
23 Jan 2009, 16:02 UTC · By: Madalina Iancu / It's not that we wouldn't have predicted it but it took some time until Harley Davidson announced its measures to cope with the doomed financial crisis. According to Reuters, the Americ...
Toyota to Cut 1,000 Full-Time Jobs
23 Jan 2009, 15:35 UTC · By: Bogdan Popa / After reporting that the financial year ending in March may bring the first ever operating loss, Toyota is getting ready for even tougher times. The Japanese carmaker is considering a 1,000 full-tim...
Chrysler Light-Duty Diesel Ram 1500 Delayed
23 Jan 2009, 13:41 UTC · By: Bogdan Popa / Chrysler is delaying the light-duty diesel engine for the Dodge Ram 1500 until 2011 or later due to the high cost of parts which, in a struggling market like the one in North American, would be a si...
Jaguar Land Rover Doesn't Ask For Government Bailout
23 Jan 2009, 10:52 UTC · By: Madalina Iancu / “We do want to get out of the misery but we categorically refuse to beg” seems to be Jaguar Land Rover's motto during the current economic crisis. Reuters has recently reported t...
Chrysler Announces Rebates, Struggles To Get Rid of Unsold Stock
23 Jan 2009, 10:13 UTC · By: Madalina Iancu / While some automakers try to get rid of the 2008 unsold stock by selling it to its managers (perhaps you remember the Toyota case), others put across rebates plans for this year. Since we're...
GM Receives Second $5.4 Billion Installment
23 Jan 2009, 09:33 UTC · By: Bogdan Popa / General Motors has received the second payment of its $13.4 billion loan approved by the United States government last December, officials of the American automaker confirmed today. GM yesterday sai...
Hybrid Cars Sales Fell By 9.9 Percent in the US
23 Jan 2009, 09:24 UTC · By: Madalina Iancu / Last year, hybrid vehicles were not at all immune to the credit crunch but they also had to face another challenge: fuel prices tumbled to an average of $1.62 per gallon last month. With these pe...