autoevolution

Stories about: economic crisis

Audi Sets New Sales Record in 2008
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
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
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...

 
Weekly Roundup: 05.01.2009 – 10.01.2009
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...

 
Mazda Scores Record Sales in Europe Last Year
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 ...

 
ArvinMeritor Cuts Salaries by 5 to 10 Percent
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
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
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
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...

 
Former Massachusetts Governor: Detroit Should Go Bankrupt!
Former Massachusetts Governor: Detroit Should Go Bankrupt!

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While companies around the world struggle to face the global recession and Detroit 3 begs for government assistance, Mitt Romney, former Massachusetts Governor comes with a shocking solution to all ...

 
Hyundai, Kia Delay Payments to Managers
Hyundai, Kia Delay Payments to Managers

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although it initially seemed like Japanese companies were less involved into what seems to be the toughest period in the history of the global automotive industry, the financial recession now starts...

 
Suppliers Put Pressure on Chrysler, Demand Cash
Suppliers Put Pressure on Chrysler, Demand Cash

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although it's a well known the fact that Chrysler is encountering the most difficult period in its history, with bankruptcy almost imminent, it seems like things can get even worse for the Amer...

 
Honda North American Production Drops by 119,000 Units
Honda North American Production Drops by 119,000 Units

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Still struggling to remain on the floating line and minimize loses caused by the global economic recession, Japanese carmaker Honda today announced a new production cut for the North American market...

 
GM and Tiger Woods Partnership Over
GM and Tiger Woods Partnership Over

21 Nov 2012, 14:06 UTC · By: Madalina Iancu / Rumors have now been confirmed for the skeptic ones. General Motors has made it clear: by the end of December 31, 2008, their nine year partnership with Tiger Woods will be concluded. Yes, it'...

 
Mercedes Still in Love with Hungary
Mercedes Still in Love with Hungary

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Mercedes recently confirmed that it will continue its expansion in Hungary, denying rumors saying that the German company may retract the investment due to the global economic crisis, The Budapest T...

 
Infiniti, Murano Production Cut by Nissan
Infiniti, Murano Production Cut by Nissan

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Most news reports which came out in the last few days were somehow related to the global economic crisis, regardless if they announced job cuts, lowered productions or other markets moves meant to m...

 
Renault's Dacia Ceases Production From Nov. 20 to Dec. 7
Renault's Dacia Ceases Production From Nov. 20 to Dec. 7

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After sales of most American carmakers were massively reduced by the much-debated economic crisis, the global recession is now heading to Europe where local car manufacturer have already announced a...

 
SEAT Alters 2009 Production
SEAT Alters 2009 Production

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Spanish carmaker SEAT is the latest victim of the global recession as the company has just announced that it decided to modify the initial production schedule due to the decreasing demand on most ma...

 
Small Cars Are the Future, Ford Thinks
Small Cars Are the Future, Ford Thinks

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While there's no secret that Ford has seen its sales collapsing in the last period, the members of the board are constantly having meetings to come up with solutions. Obviously, there were diff...

 
MINI, Mini on the Wall, Which Is the Best Car Type of Them All?...
MINI, Mini on the Wall, Which Is the Best Car Type of Them All?...

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / ... is it the gas guzzling SUV, the comfy sedan or the toys'r'us micro cars? There’s no doubt the financial downturn changed the automotive industry but, beside these reports telling...