Ontario Won't Help Suppliers
7 Apr 2009, 17:16 UTC · By: Daniel Patrascu / The economic crisis is taking its toll not only on the automotive industry players, but on states as well. Fighting on the same front as the parts suppliers, the Ontario province, now faced with a C...
Mazda Sells Well in Australia
6 Apr 2009, 13:21 UTC · By: Daniel Patrascu / Conflicting reports about sales figures, which indicate disaster for some or so called "record" sales for others, continue today with Mazda's self-praising release, in which the Japan...
Russian Izhavto Succumbs to the Crisis
2 Apr 2009, 07:45 UTC · By: Daniel Patrascu / The Russian automotive industry lost yesterday its first assembly plant, as Izhavto announced it would stop production indefinitely, Autonews reported. The closure of the plant, which assembles vehi...
Aston Martin Had Record Sales in 2008...
25 Mar 2009, 16:39 UTC · By: Daniel Patrascu / ... making it one of the top three best years in the company's history. The British manufacturer is pleased that 2008 was its second-best year ever, even if it sold only 5,800 vehicles out of t...
Fiat-Chery Joint Venture Delayed
19 Mar 2009, 15:01 UTC · By: Daniel Patrascu / Fiat's plans to make itself more visible on the growing Chinese market sustained a minor setback as partner Chery decision to postpone the joint venture, due to the market conditions, as chairm...
2010 British Motor Show Cancelled
19 Mar 2009, 14:21 UTC · By: Daniel Patrascu / Next year's auto event's calendar got a little lighter, as the British Society of Motor Manufacturers and Traders (SMMT) decided to cancel the 2010 edition of the British International Mot...
Marchionne: We'll Fight Like Hell
10 Mar 2009, 14:58 UTC · By: Daniel Patrascu / The economic crisis came under threat today, as Fiat CEO, Sergio Marchionne, said his company will “fight like hell” to make money this year, Autonews reported. The Italian official also...
Chinese Car Manufacturers: 100 and Counting
9 Mar 2009, 11:38 UTC · By: Daniel Patrascu / Rumors that surfaced in the last few weeks of the Chinese automotive players taking lot of interest into the acquisition of some European brands, such as Volvo or Saab, put the Chinese auto industry...
Daimler Puts the Accent on Design
6 Mar 2009, 16:10 UTC · By: Daniel Patrascu / Even if times are tough and things don't seem to be back on track just yet, there are some in the automotive industry that still think ahead. Despite the fact that sales reports are discouragin...
Mercedes Benz Sales Down 25 Percent in February
6 Mar 2009, 14:43 UTC · By: Daniel Patrascu / Mercedes Benz car sales registered a 25 percent drop in February, over the same period of 2008, according to the company's sales report. This segment of the company sold a total of 72,200 vehic...
GM May Not Survive Outside Chapter 11
6 Mar 2009, 08:07 UTC · By: Daniel Patrascu / General Motor's auditors raised "substantial doubt" about the company's ability to continue its operations in the annual report filled with the US Securities and Exchange Commiss...
Geely Denies Interest in Volvo
5 Mar 2009, 10:47 UTC · By: Daniel Patrascu / After weeks of rumors surfacing about more Chinese auto manufacturers taking interest in Ford's sale of Volvo, Geely Automobile Group decided to deny once again its interest in the sale. Geely ...
GM Needs Money From All Over Europe
4 Mar 2009, 18:53 UTC · By: Daniel Patrascu / If you first don't succeed, try again, the saying goes. It is what GM is doing in order to raise the much needed $4.2 billion. The company is now talking to Spain, Britain and several other co...
BMW US Sales Still Down in February
4 Mar 2009, 15:38 UTC · By: Daniel Patrascu / With the shortest month of the year over, it's time for car manufacturers to draw the line and start counting. No one hopes for great, maybe not even for good results, giving the disastrous fir...
Opel Nears Collapse, Needs Immediate Aid
2 Mar 2009, 17:05 UTC · By: Daniel Patrascu / General Motors' European subsidiary Opel is sinking ever deeper into the financial turmoil that shakes the automotive industry. The company has now reached the point when it says that without i...
Recreational Vehicles Still on Track, Despite Crisis
2 Mar 2009, 08:39 UTC · By: Daniel Patrascu / Attendance figures to Recreational Vehicle (RV) shows across the US showed increased consumer interest towards this segment in 2009, despite the sever financial crisis. Such shows in Florida, Utah ...
Nissan Cuts Jobs in Spain
26 Feb 2009, 13:25 UTC · By: Daniel Patrascu / The Spanish automotive market, one of the most crisis-damaged market in Europe is to receive yet another blow to both its prestige and its hopes for better times. Nissan has reached an agreement wit...
Ford Executives Get Pay Cuts, Board Forgoes Compensation
25 Feb 2009, 10:15 UTC · By: Daniel Patrascu / The crisis knife seems to get closer to the bone of the car manufacturers' financial status. After slashing workforce, reducing production, scrapping models and even turning down hallway air co...
Goodyear Cuts 5,000 Jobs, Freezes Salaries
18 Feb 2009, 14:09 UTC · By: Daniel Patrascu / Another bad news comes from the US, this time from a tire manufacturer. Goodyear Tire & Rubber Co. has announced it will cut nearly 5,000 jobs and will freeze salaries to the remaining ones. The...
2010 Chrysler 300 Official Details
18 Feb 2009, 11:39 UTC · By: Daniel Patrascu / Chrysler LLC is counting on four of its most successful platforms to save the company from financial disaster. In the report filed Tuesday to the US Government, along with the financial steps to be ...