The General's Final Days
27 May 2009, 06:51 UTC · By: Daniel Patrascu / General Motors is now going through its final days, as the deadline set by the US government looms ever closer. The manufacturer has one major obstacle ahead, an obstacle no one yet knows if it has ...
Chrysler Swaps Debt for Cash
29 Apr 2009, 08:09 UTC · By: Daniel Patrascu / After receiving yesterday a much needed brake from one of the most unlikely sources (we are talking here about Daimler's exit from the American manufacturer), Chrysler made yet another importan...
Auto Delinquency Rate Up 8.9 Percent in 2008
18 Mar 2009, 09:26 UTC · By: Madalina Iancu / Last year, the number of Americans who bought a car using an auto loan and failed to pay back the debt to the bank was bigger when compared to the previous year. The auto delinquency rate r...
Ford Cuts Production by 41.9 Percent, Hopes to Reduce $10.4 Billion in Debt
5 Mar 2009, 11:35 UTC · By: Daniel Patrascu / Ford Motor has decided to cut its North American output by 41.9 percent in order to align its production to the decreasing consumer demands. Total number of vehicles that will exit the company'...
Donington Boss Denies Debt Allegations
10 Feb 2009, 08:23 UTC · By: Ovidiu Panzariu / Donington Park will go ahead with its revamping program as scheduled, insisted the circuit's boss Simon Gillett. He denied the reports that appeared in the British media the past weekend &ndash...
Buffett Throws Lifeline to Harley-Davidson
4 Feb 2009, 14:25 UTC · By: Madalina Iancu / A famous brand name can get you out of troubles even in the most critical situations. This seems to be the case of Harley Davidson who has lots of debts hidden behind a high-sounding name. Accord...