Are British Oil Companies Guilty of Profiteering?
16 Feb 2009, 15:32 UTC · By: Madalina Iancu / The current financial crisis seems to be the perfect cover for those who want to take advantage of the assumed naivety of the drivers. But things don't always work according to the plan... T...
BMW and Mercedes-Benz Step Up Future Cooperation Partnership
16 Feb 2009, 13:17 UTC · By: Madalina Iancu / If you can't beat your rival, then the best solution is to ally with him and share resources. Mercedes-Benz and BMW have many times discussed about possible partnerships but now it seems that t...
Bentley Fires 220 Employees
11 Feb 2009, 08:54 UTC · By: Madalina Iancu / As the financial crisis continues to hit automakers across the world, many of them are forced to drastically cut costs by laying off employees in order to survive. Unfortunately, Bentley is no excep...
PSA Boss Expects 2009 Sales Drop by 20%
10 Feb 2009, 13:37 UTC · By: Madalina Iancu / It is already known that PSA/Peugeot-Citroen is facing serious problems in the light of the economic crisis despite the loan they received from the government. More sadly, neither 2009 nor 2010 sale...
GM Loses its No. 2 PR Executive
5 Feb 2009, 11:08 UTC · By: Madalina Iancu / In order to better cope with the financial downturn, it seems that General Motors needs some fresh blood at least in the public relations area. It's not that we are commenting upon the (non)...
Gary Akin Steps Aside as Suzuki Sales Boss
5 Feb 2009, 09:15 UTC · By: Madalina Iancu / It has almost become a fashionable trend among automakers' top executives to back off their management positions during the financial downturn. Thus, Gary Akin, vice president of sales with...
Sydney Motor Show Postponed until 2010
3 Feb 2009, 15:09 UTC · By: Madalina Iancu / With the financial downturn striking automakers these days, the fate of many 2009 motor shows seem to be already sealed. The latest such event was the Sydney Motor Show, cancelled because car com...
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...
Barcelona Auto Show Cancelled
29 Jan 2009, 15:23 UTC · By: Madalina Iancu / There were a few rumors before but no one believed it until the inevitable occurred. Organizers had to cancel the 2009 Barcelona Auto Show due to lack of automakers' interest, Autonews reported...
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...
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...
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...
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...
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...
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...
Toyota Deals with Crisis, Severely Reduces Production in the US
16 Jan 2009, 09:03 UTC · By: Madalina Iancu / Weak demand in the automotive industry has already determined car makers to cut down production in a manner they haven't done before. Facing the same problem, Toyota Motor Corp has officiall...
Toyota Sells Cars to Its Managers
15 Jan 2009, 15:55 UTC · By: Madalina Iancu / Since there are not enough buyers for Toyota vehicles, managers of the Japanese automaker thought of unifying their forces and buy the company cars to help it to get over the current financial crisi...
More Support for the French Automakers
14 Jan 2009, 15:51 UTC · By: Madalina Iancu / When private businesses fail, run out of money, the government takes the limelight... As we reported earlier, French auto industry is not doing good at all and, for the moment, the government is the...
Germany Injects 1.5 Billion Euros in the Auto Industry
14 Jan 2009, 14:01 UTC · By: Madalina Iancu / Heavily criticized for not doing much for the country's economy during the recession period, Germany's governing coalition composed of chancellor Angela Merkel's conservatives and the...