Daimler Aims to Cut Costs by 1.6 Billion Euros
17 Feb 2009, 11:02 UTC · By: Daniel Patrascu / One of the few to have coped well with the crisis until now, Daimler is expected to announce today its financial performance for 2008. Maybe as a result of this, the company plans to cut 1.6 billion...
Nissan Wants You to Look Closer
13 Feb 2009, 08:59 UTC · By: Daniel Patrascu / Crisis may be winning the fight, but no car manufacturer will go down without its fair share of kicking and screaming. And as the only battle they can still win remains the one with us, the custome...
Sales of Family Cars in Spain Plummet
28 Jan 2009, 15:59 UTC · By: Daniel Patrascu / The crisis has pushed Spain's auto industry back to 1994's production levels. Asociación Española de Fabricantes de Automóviles y Camiones (Anfac) forecasts a continuo...
General Motors Introduces the Three Day Workweek
28 Jan 2009, 08:28 UTC · By: Daniel Patrascu / General Motors will cutback the workdays at its Shushary flexible assembly plant, near St. Petersburg, Russia, for “a few months”, as Sergei Lepnukhov, company's spokesman said. The...
Nissan Idles Mexico Assembly Plants
27 Jan 2009, 14:19 UTC · By: Daniel Patrascu / Finding itself under the pressure from the economic unrest, Nissan has decided to close its operations in North America, a temporary move aimed to balance the decrease in demand. The move com...