31 Jan 2011, 15:32 UTC · By: Mihnea Radu / India’s largest automaker by sales Maruti reported two days ago that its quarterly profits were down 18 percent in the last three months of last year, largely because of an increase in raw mat...
5 Mar 2010, 09:59 UTC · By: Alex Vasile / The recession did not affect only automakers and dealers, but everything related to the auto industry. LoJack Corporation, the company that invented the stolen vehicle recovery market more than twen...
19 Feb 2010, 09:58 UTC · By: Alex Vasile / The tire manufacturers were forced to suffer alongside the automakers during the recession as sales and profit went down. Goodyear, one of the world’s largest tiremaker, announced that annual ...
5 Feb 2010, 13:49 UTC · By: Alex Vasile / GMAC has been losing money for some time now, so everybody expected disastrous results for the fourth quarter of 2009. The figures are now official: GMAC Financial Services announced a net loss of $...