GM Praises 2008 Sales Despite North American Comedown
21 Jan 2009, 16:16 UTC · By: Bogdan Popa / Despite the fact that the company struggled to face the global recession and begged for money from the United States government, General Motors says 2008 was a pretty good year when it comes to glob...
Toyota Rolls Out Major Camry, Corolla and Prius Price Cuts
21 Jan 2009, 15:17 UTC · By: Bogdan Popa / Following the slow sales reported in December last year, the Japanese automaker announced a major price cut for several of its models aimed at both customers and dealerships. The popular Prius is on...
Mercedes Ignores Global Recession, Builds New Stamping Facility
21 Jan 2009, 13:18 UTC · By: Bogdan Popa / Despite the difficult market conditions brought by the over-discussed financial crisis, Mercedes today announced it will invest approximately 70 million euros in a new stamping facility. The constru...
Linamar CEO Asks for Government Aid for Auto Suppliers
21 Jan 2009, 11:57 UTC · By: Madalina Iancu / Following up a logical chain, since the current financial crisis is affecting automakers across the world, it's no wonder that these terrible economic conditions have an impact on auto-parts ma...
Kia, Lotus Join Forces for Better Handling
21 Jan 2009, 11:17 UTC · By: Bogdan Popa / Kia is now planning to collaborate with Lotus in order to improve ride and handling for all future models, with the new Soul the first model to get Lotus' personal touch when it comes to the tw...
GM Plans to Spend $30 Million on Volt Battery Plant
21 Jan 2009, 10:06 UTC · By: Madalina Iancu / Although sales are not encouraging at all due to the credit crunch, General Motors seems not to give up its hope for a better future where electric cars will bring a change in the product-line...
BMW Cuts Down Production While Securing Jobs
20 Jan 2009, 16:07 UTC · By: Madalina Iancu / It was high time we heard about BMW's extreme measures to fight the current economic crisis. In fact, their silence regarding possible solutions to cope with the hard times was more than surpri...
Toyota Announces Major Production Cut in February-April
20 Jan 2009, 15:29 UTC · By: Bogdan Popa / The difficult market conditions and the economic recession that are continuously hammering sales of most carmakers is now forcing Toyota Motor Corporation to apply a new cost-cutting measure, this t...
Smaller Marketing Budgets for Automakers in 2009
20 Jan 2009, 15:26 UTC · By: Madalina Iancu / Is the current financial crisis going to put the brakes on marketing and advertising in the auto industry? Highly unlikely, but still it's no surprising at all that more and more automakers are...
Chrysler, Fiat Confirm Global Strategic Alliance
20 Jan 2009, 14:43 UTC · By: Bogdan Popa / Recent reports claiming that Chrysler and Fiat may sign a strategic partnership proved to be true as the two companies have just announced they are forming a global strategic alliance. Under the ter...
Mazda Names Director for the New European Fleet Operations
20 Jan 2009, 14:34 UTC · By: Madalina Iancu / Just like other auto makers across the world, Mazda Motor is currently naming key persons in its management team in an effort to fight the financial crisis. Although Mazda Motor Europe has recent...
Akio Toyoda Appointed Toyota's New President
20 Jan 2009, 14:13 UTC · By: Madalina Iancu / What's interesting about many car makers around the world these days is that apart from lay-offs, cutting down or even halting the production, a very popular move to fight the current financial...
Fiat, Chrysler Start Alliance Negotiations
20 Jan 2009, 10:50 UTC · By: Bogdan Popa / Struggling American automaker Chrysler is now in negotiations with Italian company Fiat to form an alliance that could help the US-based firm revamp the production line according to the initial plan...
Aston Martin Says It May Leave Its Bank Covenants
20 Jan 2009, 10:45 UTC · By: Madalina Iancu / Even if Aston Martin claims it faces no immediate financial problems being better placed than its rivals as the chairman of the company reported, its actions are a little bit contradictory to their ...
Porsche Confirms Mandatory Offer for Scania
20 Jan 2009, 08:12 UTC · By: Bogdan Popa / Following the increase to above 50 percent in Volkswagen shares, Porsche today confirmed it made the mandatory offer for Swedish truck manufacturer Scania but denies it is interesting in acquiring s...
GM Loves Non-US Markets, Opens Paint Shop in Egypt
19 Jan 2009, 15:54 UTC · By: Bogdan Popa / While its United States division faces the toughest period in history, General Motors continues to expand its business overseas with a new paint shop, this time opened in Egypt. The whole investment...
Chrysler Receives $1.5 Billion from the US Department of Treasury
19 Jan 2009, 15:05 UTC · By: Bogdan Popa / US-based automaker Chrysler announced on January 16 that it has received access for up to $1.5 billion in loans from the US Department of Treasury's Troubled Asset Relief Program, also known as...
GM Runs High in Africa and the Middle East, Dies in the US
19 Jan 2009, 08:09 UTC · By: Bogdan Popa / General Motors proudly announced today that its Latin American, African and Middle East divisions set a new all-time sales record in 2008 as they managed to deliver more than 1.276 million vehicles....
Weekly Roundup: 12.01.2009 – 16.01.2009
18 Jan 2009, 15:43 UTC · By: Tudor Raiciu / This week was mostly focused on the 2009 North American International Auto Show, also known as NAIAS, and the models showcased there, but Formula 1 and Dakar fans also had their share of media cover...
UK Government Might Encourage Car Credit
16 Jan 2009, 14:05 UTC · By: Madalina Iancu / Since half of all new cars are believed to be bought on credit in UK and banks have severely reduced the amounts they are loaning, there's no wonder the credit crunch is seen as a true curse fo...