Ford Applauses White House Loan Agreement
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though it hasn’t received any money, American carmaker Ford welcomes the White House loan agreement and, just like General Motors, it explains that such a decision does nothing more than ...
General Motors Blasts NYT Editor for GM-Crack Dealer Analogy
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though the company is experiencing an extremely tough period, General Motors chief executives seem to be pretty concerned about GM's image, every single attack to the US-based carmaker bei...
Volvo's 2008 Sales, Lowest Since 1996
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no secret that Volvo currently experiences one of the toughest periods in its history, similar to the majority of carmakers in the world who are seeing their sales going extremely low. ...
Detroit 3 Loan Blocked by the US Senate
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The Detroit 3 emergency loans saga continues with a new episode today as members of the United States Senate confirmed recent rumors that the pre-approved funding package may not get through the Sen...
Audi Sets New Sales Record in 2008
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While other automakers struggle to remain in business and beg for government money, German company Audi reports a new sales record and an impressive increase for worldwide unit sales. According to f...
Nissan Fires 1,200 Workers in the UK
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Japanese automaker Nissan today announced that will cut approximately 1,200 jobs in the United Kingdom, as part of its plan to counteract the economic downturn. The new cost-cutting measure will onl...
Nobody Interested in Buying Saab, Says GM
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The struggling Swedish automaker Saab gains no interest from larger corporations in the automotive industry, its parent company General Motors today said, confirming rumors that it plans to sell the...
Jaguar Land Rover UK to Fire 198 Employees
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Representatives of Jaguar Land Rover UK announced that 198 employees will leave the company by the end of November but denied that the dismissals are a result of the global economic crisis. The UK s...
Russia's Automotive Industry Hit by Economic Crisis
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / With several large car manufacturers, including Volvo and Jaguar Land Rover, already heavily affected, the economic crisis makes new victims in the automotive industry, this time in Russia. The coun...
Weekly Roundup: 05.01.2009 – 10.01.2009
21 Nov 2012, 14:06 UTC · By: Tudor Raiciu / If you have a busy schedule and don’t have time to get your much needed quota of automotive industry news, here’s your chance to catch up. This is the first episode of a long series of w...
MINI Still BMW's Fastest Growing Premium Brand
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / BMW today announced that global sales were down 8.3 percent in October but stated that MINI is still the fastest-growing premium brand with a total of 17,385 vehicles delivered in October. BMW says ...
Volkswagen Working on smart Rival
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After the up! concept unveiled in 2007, Volkswagen is now working on a new mini car, this time with even a lower fuel consumption that would be able to compete with smart models. More importantly, V...
Mazda Scores Record Sales in Europe Last Year
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / Given the financial crisis, “each for himself and let the devil take the hindmost” might be the new slogan of car makers around the world. So, every single success in the economic storm ...
Toyota Discontinues US-Built Prius
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Toyota Motor Corp. is no longer interested in building the Prius hybrid in the United States due to the decreasing petrol prices which obviously reduced demand for battery-powered cars. The decision...
MINI to Run High in 2009, Skoda to Adjust Production
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The automotive industry continues to experience extremely difficult times and even though companies are counteracting it with all kinds of cost-cutting measures, sales continue to remain pretty low ...
ArvinMeritor Cuts Salaries by 5 to 10 Percent
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / ArvinMeritor, a Michigan-based part supplier, has just announced that it plans to cut salaries by 10 and 5 percent for approximately 100 senior executives and 1,700 white-collar workers, respectivel...
GM Sets New Sales Record in China
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though General Motors is experiencing what seems to be the toughest period in its history in the United States, sales around the world are doing pretty well, as the company announced in a state...
Toyota Idles Japanese Plants for 11 Days
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The financial recession is surely one of the most popular news subjects nowadays since reports about struggling automakers continue to come on a daily basis. Today's piece of news concerns Toyo...
Pontiac Cancels G8 ST Sport Truck
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Beside all the well-known cost-cutting measures prepared by companies from all over the world, including here reduced production, job layoffs and idled plants, the economic recession has also killed...
Jeep Has the Potential to Save Chrysler, Analysts Think
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although reports published in the last few weeks were mostly focused on General Motors, it's no secret that all members of the Detroit 3 group are currently experiencing a very tough period, wi...