Don't Believe the Carmakers When They Say It's Bad, They Quadrupled Their Profits in 2021
2 Apr 2022, 09:40 UTC · By: Cristian Agatie / If you ask any car industry executive they'd start moaning about the lost sales and how bad it is but at the end of 2021 they all reported record profits
Americans Have Trillions in Auto Debt, Could Be at Tipping Point
2 Nov 2021, 13:39 UTC · By: Benny Kirk / Consumer reports concluded that a disproportionate number of people in less than ideal car loan situations were paying as much as 10% of income on auto loans
F-150 Customers Rejoice as Ford Secures New Supply of Chips
6 Jul 2021, 20:48 UTC · By: Mircea Panait / Better late than never, Ford has received thousands of valuable microchips that will help the Dearborn-based automaker ship thousands of trucks to dealers
Ford Fights Coronavirus with Six Months Payment Relief for New Customers
19 Mar 2020, 16:45 UTC · By: Daniel Patrascu / Ford to offer up to six months payment relief for new customers buying a 2019 and 2020 model-year vehicle through Ford Credit
Toyota's Slumping Profits Might Finally Shake Things Up a Little for the Company
10 May 2017, 12:26 UTC · By: Vlad Mitrache / Toyota recently announced its earnings and the numbers were bad enough to make Toyoda-san say there's a crisis looming for his company
John Oliver Reveals How "Buy Here, Pay Here" Car Dealers Will Ruin Your Life
15 Aug 2016, 23:03 UTC · By: Mihnea Radu / Under the guise of comedy, we could be looking at a very serious problem. Sub-prime car lending could affect the entire auto industry in a way we can't imagine
Europe Has 18 Factories' Worth of Overcapacity
28 Oct 2013, 17:10 UTC · By: Mihnea Radu / They say there's nothing bad about a little competition, but that doesn't apply to auto industry in Europe, which is currently operating at overcapacity. Bloomberg recently ran a story ...
Volkswagen Global Car Sales Down in July but Up 3.7% for 2013
15 Aug 2013, 08:55 UTC · By: Mihnea Radu / Volkswagen Passenger Cars has just reported its deliveries are now up 3.7% for the year-to-date period of January through July. The German car brand managed to find 3.38 million customers worldwide,...
Opel to Further Reduce Production in 2013
3 Jan 2013, 13:32 UTC · By: Mihnea Radu / It looks like 2013 is going to be another year of lows for Europe’s hurting car market. Opel is be preparing a new model offensive for the early part of 2013, which includes the new Adam and C...
US Car Sales Expected to Top 15 Million in 2013
3 Jan 2013, 10:04 UTC · By: Mihnea Radu / The economic crisis that hit hard in 2008 is like the definition of a back swan moment. Nobody know that there was a thing called ‘credit swaps’ that people were leveraging 100 to 1, pus...
Peugeot Cuts Another 1,500 Jobs in France
12 Dec 2012, 14:44 UTC · By: Mihnea Radu / PSA Peugeot Citroen announced recently that that it want to shrink its workforce by 11,200 people, or 17%, over the next couple of year in order to deal with one of the worst slowdowns in recent his...
Economic Slowdown Plagues Auto-Makers
21 Nov 2012, 14:06 UTC · By: Alexandru Stan / The unspooling financial crisis takes its toll on car-producers as the Volkswagen owned Czech Republic-based Skoda announced on Monday that it would halt production for a full week. The stoppage wil...
Opel Advises GM to Sell Saab
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors should try to find a buyer for its Swedish brand Saab, Opel's head of the works council,Klaus Franz, said today, pointing that Saab has the potential to revamp sales by itself us...
Ford Prepares to Sell Volvo For $6 Billion
21 Nov 2012, 14:06 UTC · By: Alex Tudorache / Ford are about to sell Volvo to anyone... who offers the kind of money they want. We are talking about $6 billion, that is a hefty sum. Ford bought the Swedish firm back in 1999 for $6.4 billion ...
Fiat to Suspend 14 Production Plants
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although it initially seemed like European manufacturers are less affected by the economic crisis, recent news reported that major companies such as Volvo, Volkswagen and Saab started experiencing v...
Ford Selling Mazda Stakes. Not Happening Yet
21 Nov 2012, 14:06 UTC · By: Alexandru Stan / Knock, knock! Who's there? Eco. Eco who? Economical recession. Unabated by bad knock-knock jokes, auto-makers continue their route to mount Golgotha as part of a sudden journey paid for by inex...
Daimler AG Adopts Shorter Work Plan
21 Nov 2012, 14:06 UTC · By: Vali Mihaescu / After most of the car manufacturers in the world faced the situation of shutting down their manufacturing plants or adopting shorter work programs, it's now time for the Germans to do the same....
Auto-Parts Supplier Valeo Cuts 5,000 Jobs
21 Nov 2012, 14:06 UTC · By: Vali Mihaescu / French auto parts supplier Valeo SA announced they will cut 5,000 jobs worldwide as a response to the decline of the economic stability. The company said that the drop in output will reduce the reve...
Honda Will Produce Electric Motorcyles in Two Years Time
21 Nov 2012, 14:06 UTC · By: Vali Mihaescu / After announcing that both the participation in the Formula One and NSX super car project were being canceled, Honda CEO Takeo Fukui said in a press conference speech held yesterday that there is st...
Analysts: 2009 US Cars Sales to Total 11.5M Units
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / With the global economic crisis still hammering sales and Detroit 3 still screaming and imploring the US government for financial help, analysts predict a gloomy future for the automotive industry. ...