The Detroit 3 Could Hire 36,000 Employees
13 Apr 2011, 13:09 UTC · By: Cosmin Voicu / The Detroit Three (General Motors, Ford and Chrysler) could add to their factories by 2015 a number of 36,000 new jobs, with a large part of them located in Michigan. The three carmakers apparent...
Bill Ford Confident Small Cars Will Deal with Skyrocketing Gas Prices
7 Mar 2011, 12:32 UTC · By: Bogdan Popa / Gasoline prices have become a major concern for all of us and those living in the United States have all reasons to look into smaller car as oil prices are already over the $100 per barrel milestone...
Detroiters More Responsible with Cash Bonuses
7 Mar 2011, 10:23 UTC · By: Bogdan Popa / General Motors, Ford and Chrysler are back in the game and, as all three performed pretty well last year, they started offering financial bonuses to their employees. Ford will reward workers with ar...
Continental Rethinks 2009 Strategy
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though car makers were massively affected by the global economic crisis, an indirect consequence is that various suppliers also experience difficult times, with lowered demand and reduced inter...
GM Delighted with Auto Industry Loan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following the White House administration’s announcement issued on Friday that US automakers will receive a $17.4 billion low-interest loan, General Motors Corporation is absolutely delighted w...
World, Meet Ford's Life-Saving Plan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The short story so far: under strong pressure of the global recession and with continuously declining sales, the group of Detroit 3 (and count here General Motors, Chrysler and Ford) requested finan...
Chrysler Transmission Manufacturer Files for Bankruptcy Protection
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / GETRAG Transmission Manufacturing LLC today announced that it has filed for protection under chapter 11 of the United States Bankruptcy Code for its Tipton, Indiana production plant. The Indiana-bas...
Detroit 3 Loan Blocked by the US Senate
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The Detroit 3 emergency loans saga continues with a new episode today as members of the United States Senate confirmed recent rumors that the pre-approved funding package may not get through the Sen...
Republicans Propose Alternative Rescue Plan to Detroit 3
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following the recent announcement that the United States Senate have put the Detroit 3 loan package on hold, members of the Senate already started looking for alternative solutions that could help d...
GM Gets Ready for Bankruptcy
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although US car manufacturers struggle to get through the economic crisis, General Motors acknowledges that things can get even worse and hired a special bankruptcy counsel and restructuring adviser...
Former Massachusetts Governor: Detroit Should Go Bankrupt!
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While companies around the world struggle to face the global recession and Detroit 3 begs for government assistance, Mitt Romney, former Massachusetts Governor comes with a shocking solution to all ...
Gloomy Prediction: Auto Industry Will Lose 72 bn Euros
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Morgan Stanley today published its latest forecast concerning the automotive sector, predicting that this side of the industry will lose no less than 72 billion euros in the next two years. The New ...
Bush: TARP Funds Could Save Detroit
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / President George W. Bush today issued a new statement related to the domestic automotive industry, informing that a potential solution to rescue the almost-collapsed Detroit 3 would be the use of TA...
Chery May "Help" Chrysler Go Bankrupt
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Chrysler's race for survival may bite the dust due to an unexpected obstacle: Chery Automobile, the Chinese partner of the American company, may “convince” the United States Senate ...
US Gov Seeking for “Car Czar”
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The global recession soap-opera continues with a new report which came out today, with the House of Representatives Speaker Nancy Pelosi pointing that a “car czar” to supervise the Detro...
Obama: Firing Executives Could Save Detroit 3
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / President-elect Barack Obama thinks that firing executives could prove to be a very smart move when talking about automotive companies reorganization and agrees that using the same market strategy a...
Helping Detroit 3 Could Cost the US $125 Billion
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no doubt that the American government should help US carmakers counteract the global recession but the bailout numbers are continuously changing, with not even a single loan package cur...
GM: “Collapse Is Imminent If We Do Nothing”
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors continues the race for money with a new clip published on its newly-launched website, dubbed GM Facts and Fiction, asking US citizens to contact lawmakers and Congress members and urg...
Analysts: 2009 US Cars Sales to Total 11.5M Units
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / With the global economic crisis still hammering sales and Detroit 3 still screaming and imploring the US government for financial help, analysts predict a gloomy future for the automotive industry. ...
881 Dealerships Across the US Closed in 2008
20 Feb 2009, 09:11 UTC · By: Bogdan Popa / If the struggling automakers weren't enough to convince you about the consequences of the economic recession, you should probably know that no less than 881 dealerships across the United States...