Toyota to Cut Production
26 Aug 2009, 08:47 UTC · By: Daniel Patrascu / Still confronted with declining volumes, Japanese manufacturer Toyota is said to plan a massive 700,000 vehicle global production capacity to align itself to new economic demands. According to the N...
GM to Finish White-Collar Lay-Offs by October
24 Jun 2009, 08:09 UTC · By: Daniel Patrascu / Bankrupt American manufacturer GM is continuing its restructuring efforts and hopes to exit Chapter 11, despite the fact that many see their task as being much more difficult than the one Chrysler h...
Ford Cuts Dealership Bonuses, Warranty...
22 Jun 2009, 15:34 UTC · By: Daniel Patrascu / ... among other things. Being the single Detroit Three member to survive outside Chapter 11 and without government funding is no easy task, and Ford is beginning to feel the crisis' grip. In or...
Confirmed: Pontiac is Dead, GM Drafts New Survival Plan
27 Apr 2009, 13:54 UTC · By: Daniel Patrascu / Following weeks of rumor-denial-rumor regarding the future of its brads, dealerships and even personnel, GM finally made public their survival plan for 2009. Simply put, under the "GM Accelerat...
GM Cuts 20% of Its Marketing Staff
26 Apr 2009, 17:13 UTC · By: Daniel Patrascu / After US automakers GM and Chrysler announced at the beginning of this year their intention to cut off a significant percent of the marketing budget, the two companies finally got to this part of th...
Daimler to Cut Labor Costs by 2bn Euros
1 Apr 2009, 15:36 UTC · By: Daniel Patrascu / German manufacturer Daimler is holding talks with its union representatives to find a solution which will allow it to cut down some 2 billion euros in labor costs for the current year, Autonews repo...
Aston Martin Shortens the Workweek
29 Jan 2009, 13:51 UTC · By: Daniel Patrascu / Three days of work, four days of weekend. This is what employees of Warwickshire based Aston Martin will have to get used to for an undisclosed period of time, as the company has decided to go to a ...