ALG Is Trimming Residuals for SUVs and Pickups
21 Jul 2011, 11:10 UTC · By: Dragos Serban / Anticipating higher gasoline prices in the future, ALG Inc. is trimming residual values for less fuel efficient vehicle segments such as full-sized SUVs and pickups. ALG assumes that three years fro...
Groupon Vouchers Not a Big Hit in Auto Retailing
18 Jul 2011, 11:12 UTC · By: Dragos Serban / The Groupon phenomenon made its entrance in auto retailing last week, and expectations were high as dealers around U.S. watched closely to see if the coupon “stunt” could drive herds of ...
Ford to Upgrade Crossover Plant Near Torronto
15 Jul 2011, 14:58 UTC · By: Dragos Serban / American manufacturer Ford is considering plans to upgrade an assembly facility near Toronto. Also the manufacturer has discussed the project with the Government of Canada and Ontario but has not re...
Japan to Pump Money into Tsunami-Shattered Auto Industry
30 May 2011, 14:04 UTC · By: Daniel Patrascu / Facing an increased pressure to reestablish the blooming automotive industry, in June the Japanese authorities, backed by Development Bank of Japan, will kick off a support program aimed to help the...
Malaysia and Pakistan to Share Auto Industry Know-How
19 Jan 2011, 11:21 UTC · By: Bogdan Popa / Stop laughing for a minute and read this piece of news. We know the title sounds silly for most of you and that it seems less important than what your dog has been eating since Christmas, but this c...
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...
Russian Government to Downsize Help For Auto Industry
13 Mar 2010, 07:33 UTC · By: Alex Vasile / It seems that the Russian car market will not be relaunched as expected. According to just-auto.com, the Russian government may reduce its plans to invest 180 billion roubles ($6.12 billion) by 2020...
Japanese Mayhem: Honda Announces 646,000 Unit Recall
29 Jan 2010, 15:40 UTC · By: Alex Vasile / If you’re wondering what went wrong with the Japanese auto industry all of a sudden, the answer may be lying in some of the top secret research files of the troubled automakers or in some seri...
BYD Chairman Still Dreaming to Become World's No. 1 Carmaker
12 Jan 2010, 10:49 UTC · By: Bogdan Popa / There is no doubt that the Chinese market is growing and, alongside the whole sector, the local manufacturers are becoming more important players for the global industry. The top Chinese carmakers h...
The Auto Industry, "Boom and Bust, Without the Boom"
24 Nov 2009, 16:13 UTC · By: Daniel Patrascu / According to a study presented today by Fitch Ratings, the US automotive industry is caught in a "boom and bust cycle, without the boom," similar to the one experienced by the airline indu...
US Expands New Car Tax Break to All 50 States
12 Jun 2009, 09:17 UTC · By: Daniel Patrascu / The fight to get the auto sector back on track in the US is getting more aggressive, as the US Treasury Department announced today it will expand the offer of a tax break on new car sales to states ...
Eminem Shows Support for Detroit Auto Workers
13 May 2009, 10:12 UTC · By: Alina Dumitrache / Don’t cry because you got laid-off from your job, be happy attending an Eminem live performance on the Pontiac Garage Outdoor Stage! Or at least that is how we can translate Eminem’s ini...
Toyota’s Venezuelan Union Leader Shot
7 May 2009, 07:41 UTC · By: Alina Dumitrache / Argenis Valasquez, 33, a union leader who represented workers at Toyota Motor Corp's Venezuelan division, was shot dead by gunmen on Tuesday. The incident happened only a few weeks after the co...
Audi Q5's Launch Ads Poke Fun at Lexus RX
22 Apr 2009, 12:23 UTC · By: Alina Dumitrache / Audi of America marketing team does it again, coming with a fresh and strong campaign. The newest Q5 TV spots show the Audi model standing out from the rows of Lexus RX SUVs since the actors cannot ...
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...
Sales of Small Cars Boost Auto Industry
6 Mar 2009, 08:18 UTC · By: Madalina Iancu / Car sales have dramatically dropped during the global recession but the auto industry seems to have one savior: the small car segment. In an attempt to cut costs, it seems that more and more driv...
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...
EU Pulls Up Its Socks to Help Auto Industry
16 Jan 2009, 11:25 UTC · By: Madalina Iancu / With so many governments announcing their plans to help the falling auto industry in their own country, the European Union could just not sit back and admire the view. According to drive.co...
British Luxury Automakers Resort to Extreme Measures
15 Jan 2009, 08:18 UTC · By: Madalina Iancu / With the doomed financial crisis affecting the world economies, a lot of people are losing their jobs these days. The new year has just began and automakers have already announced their own extreme ...