Team Lotus Yet to Decide on Name Change
27 Apr 2011, 13:06 UTC · By: Ovidiu Panzariu / Earlier today, Team Lotus has confirmed that it has taken over British sportscar maker Caterham Cars, leading everyone to believe that the recent rumors regarding a potential rebranding of Tony Fern...
Toyota Wants Cali Managers Out
2 Feb 2011, 09:26 UTC · By: Daniel Patrascu / In what is an unexpected move, Japanese manufacturer Toyota announced today it intended to trim, by an undisclosed number, the management of its Automotive Operations Group and Toyota Customer Servi...
GM "Buys Out" Skilled Trades Workers' Contracts
14 Dec 2010, 09:23 UTC · By: Andrei Costea / GM said it is offering buyouts to several thousand skilled trades workers at 14 of its US plants. Eligible workers will be paid $60,000 to retire with full benefits, while younger workers will have ...
Ford Offers Buyouts to ALL UAW Hourly Workers
22 Dec 2009, 10:50 UTC · By: Daniel Patrascu / The single big American manufacturer to have survived 2009 without going through the ordeal of the infamous Chapter 11 sees itself forced to cut its workforce, as it still faces overstaff issues. ...
BMW Sells F1 Team to Peter Sauber
27 Nov 2009, 10:44 UTC · By: Ovidiu Panzariu / German manufacturer BMW has finally reached a definitive agreement regarding the selling of their F1 operations. Just like in the case of Honda one year ago, the German officials decided to proceed ...
General Motors Will Cut 1,000 More Jobs
10 Sep 2009, 08:55 UTC · By: Bogdan Popa / The US former bankrupt automaker General Motors will cut around 1,000 jobs after some of the company's workers will take buyouts and early retirements offers through a programme started by the ...
BMW Sauber Lodge Application for 2010 Entry List
19 Aug 2009, 06:46 UTC · By: Ovidiu Panzariu / BMW Sauber are one of the bidders for a 2010 Formula One Championship entry. The latest reports coming from Germany suggest that the Hinwil based team has indeed met the FIA deadline for lodging an ...
Klien Wants 2009 Drive with Sauber
18 Aug 2009, 10:17 UTC · By: Ovidiu Panzariu / Although BMW Sauber's future seems to be anything but clear at the moment, test and reserve driver Christian Klien still believes he can land an F1 job with the Hinwil based team next season. T...
BMW Vow to Keep Improving their 2009 Car
14 Aug 2009, 14:41 UTC · By: Ovidiu Panzariu / We know it's quite impossible for anyone would fall for this, but according to BMW motorsport director Mario Theissen the Hinwil based team will not give up on their 2009 campaign. In a short p...
Sauber Admits Disappointment Over Failed Buyout
6 Aug 2009, 10:58 UTC · By: Ovidiu Panzariu / Peter Sauber admitted his disappointment and frustration over his failed buyout attempt of Sauber-BMW AG earlier this week. Basically, the 65-year old Swiss boss – who currently owns some 20 p...
Ford Ends UAW Buyouts
24 Jul 2009, 14:53 UTC · By: Daniel Patrascu / The only American manufacturer who have survived so far without official government support has announced today 1,000 UAW workers have accepted the company's buyouts in the last quarter and it ...
GM: 600 Workers Changed Their Minds on Buyout
5 Apr 2009, 13:21 UTC · By: Daniel Patrascu / The buyout offers made by GM to its UAW workers, even if it seemed to have pleased the workers, was shadowed by the some 600 employees who initially said “yes” to the offers and have now...
Honda to Cut Production and Worker Pay...
1 Apr 2009, 10:19 UTC · By: Daniel Patrascu / ... and "cut" is an understatement. The Japanese manufacturer announced yesterday it will slash production on the North American continent by as much as 62,000 vehicles and reduce pay for ...
Honda F1 Team Saved by Management Buyout
26 Feb 2009, 09:11 UTC · By: Ovidiu Panzariu / Honda's F1 team is to officially announce its new management in a few days, as unveiled by unofficial reports in the UK. According to BBC News, a source within the Brackley-based team has confi...
Richards: Honda Were Wrong to Announce Early Exit
27 Jan 2009, 13:59 UTC · By: Ovidiu Panzariu / Although removing himself from the race to purchase Honda's F1 team, Prodrive boss David Richards insisted that he would really like the Brackley-based team to find a buyer soon enough in order...