2020 Has Been the Worst Year for the Aviation Industry, Bar None
30 Nov 2020, 06:38 UTC · By: Elena Gorgan / IATA says the first signs of recovery will show in the fourth quarter of 2021, under the most optimistic scenario, but passenger volume won’t return until 2024
US Auto Industry Bailout Leaves the United States Treasury With a $9.26 Billion Loss
31 Dec 2014, 10:44 UTC · By: Mircea Panait / Even though the mid-2000s were great for any automaker due to rising demand for new cars, the world financial crisis came around to mess everything up, even the proverbial 1 percent. Of course, we a...
Choosing the ideal car
26 Nov 2010, 11:19 UTC · By: Charles Darveight / The task of choosing a new car has become a painstaking journey. Take, for example, two friends of mine who were looking to buy a new automobile. On one side was their yearning for a prestigious...
Canadians Increase Chrysler Sales
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / As astonishing as it may seem, we may say WOW three times when taking a look at Chrysler's 2008 sales in Canada. You wouldn't believe it at first, but we swear it is true that the 2008 ...
Carlos Ghosn Re-Elected as Renault Chairman and CEO
3 May 2010, 08:40 UTC · By: Alina Dumitrache / Following the Annual General Meeting of Renault’s Board of Directors, held on April 30, 2010, Carlos Ghosn has been re-elected as Chairman and Chief Executive Officer for a four-year period, t...
Germany's Car Exports Up 47% in Q1, Domestic Sales Down 23%
7 Apr 2010, 07:47 UTC · By: Dan Mihalascu / Germany's Auto Industry Association, the VDA (Verband der Automobilindustrie), announced on Tuesday that the country's car exports have increased by over 50% in March 2010, to more than 41...
PSA Targets Operating Profit in H1
10 Feb 2010, 11:55 UTC · By: Andrei Tutu / France’s largest carmaker, PSA Peugeot Citroen recently said that its 2009 financial results were heavily influenced buy the global financial crisis: the carmaker’s global sales saw a 2....
Michelin Shuts Down Japanese Ota Plant
15 Jan 2010, 14:22 UTC · By: Andrei Tutu / Michelin has decided to close its plant in Ota Japan, which currently employees 380 people, as just-auto.com reports. The factory will be closed in July after several measures destined to increas...
Saudi Automotive Market Expected to Double in 2010
14 Dec 2009, 09:27 UTC · By: Andrei Tutu / An estimated growth of over 100% is predicted for 2010 auto sales in Saudi Arabia, up from the current year’s figure of 33.75 billion riyals (approximately $9 billion), as organizers of the R...
Ferrari Announces Temporary Layoffs in November
14 Oct 2009, 08:13 UTC · By: Alina Dumitrache / Although it has denied being affected by the global economic crisis, Italian supercar maker Ferrari has just revealed that another wave of layoffs is approaching fast, after last December it reduced...
Chrysler Bankruptcy, a Potential Threat to SiriusXM
15 May 2009, 08:22 UTC · By: Tudor Raiciu / Apart from dealerships and parts suppliers, the Chrysler bankruptcy could claim another victim in the industry, quite an expected one we might add. We're talking about the SiriusXM satellite ra...
Toyota US Hit by 41.9% Decrease
4 May 2009, 12:40 UTC · By: Tudor Raiciu / Toyota posted Friday a decrease of 41.9 percent compared to April, 2008, with total sales amounting to 126,540 vehicles. As a result of this “glowing performance”, Ford managed to outsel...
Former GM Worker Writes Ballad "Didn't Quit My Day Job, It Quit Me"
19 Mar 2009, 13:57 UTC · By: Madalina Iancu / The ballad "Didn't Quit My Day Job, It Quit Me" by Greg W. Miles could soon become an anthem for all auto workers who lost their jobs due to the financial crisis. Seeing how the gl...
Briatore Takes a Hit at FIA's Budget Cap
19 Mar 2009, 10:58 UTC · By: Ovidiu Panzariu / After Luca di Montezemolo, another representative of the Formula One Teams Association expressed his shock when hearing about the voluntary budget cap revealed by the World Motor Sport Council for 2...
Auto Delinquency Rate Up 8.9 Percent in 2008
18 Mar 2009, 09:26 UTC · By: Madalina Iancu / Last year, the number of Americans who bought a car using an auto loan and failed to pay back the debt to the bank was bigger when compared to the previous year. The auto delinquency rate r...
Could Oprah Save the Struggling Auto Industry?
17 Mar 2009, 08:40 UTC · By: Madalina Iancu / If there is someone in this world who could help the struggling American automotive industry these days, that person is definitely the American television presenter, media mogul and philanthropist O...
Lily Allen Is Broke, Sells Her BMW
9 Mar 2009, 14:06 UTC · By: Madalina Iancu / Although it might be hard to believe at first sight, but it seems that the credit crunch has started to hit celebs equally. Well, at least, those celebs who made irrational expenses last year. Ac...
GM Says Goodbye to PBS Filmmaker Ken Burns
9 Mar 2009, 11:21 UTC · By: Madalina Iancu / After ending the partnership with Tiger Woods in December last year, it's now time for General Motors to say goodbye to PBS filmmaker Ken Burns in a desperate effort to save money. According...
Skoda Increases Salaries
17 Feb 2009, 17:19 UTC · By: Daniel Patrascu / As the economic crisis keeps on taking its toll on the entire world and more and more people see their jobs cut, slashed, thrown away, Skoda representatives, together with Metalworkers' Federat...
Take a Ride with Special Obama License Plates
17 Feb 2009, 14:57 UTC · By: Madalina Iancu / Apparently, Barrack Obama has given birth to a new fashion in the United States. Anything that has to do with the first African-American president is catchy and can make big bucks during the hard da...