autoevolution
 

Stories about: economic crisis

General Motors May Discontinue Full-Size SUVs
General Motors May Discontinue Full-Size SUVs

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / In the context of global economic crisis, American car manufacturer General Motors said it may cancel the next generation Tahoe and Suburban, initially planned for release in 2011 and 2012 respectiv...

 
Honda US to Focus on Small Cars
Honda US to Focus on Small Cars

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no secret that the global economic crisis heavily affected car manufacturers from all over the world but, for most of them, the United States sales were shockingly low. Honda already an...

 
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...

 
December to Bring Lowest US Sales in 2008
December to Bring Lowest US Sales in 2008

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The last few weeks brought an avalanche of reports regarding the financial crisis so it shouldn't amaze anyone that December is expected to bring the lowest sales in 2008, according to a report...

 
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...

 
Skoda Stops Work on Fridays
Skoda Stops Work on Fridays

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although the global recession has reached its apogee, the automotive industry crisis with global carmakers slashing production and struggling to remain in business with or without government aid. Sk...

 
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...

 
Skoda India Cuts Prices on 2008 Models
Skoda India Cuts Prices on 2008 Models

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Skoda India has just announced that it cuts prices on all models by up to Rs (Rupees) 51,500 or $1,068 thanks to a recently announced 4 percent reduction of the Central Value Added Tax, formerly kno...

 
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 ...

 
Obama: Firing Executives Could Save Detroit 3
Obama: Firing Executives Could Save Detroit 3

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / President-elect Barack Obama thinks that firing executives could prove to be a very smart move when talking about automotive companies reorganization and agrees that using the same market strategy a...

 
Chrysler Blames Lack of Financing for Poor Sales
Chrysler Blames Lack of Financing for Poor Sales

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The short story so far: Chrysler invests in big-displacement engines and high-performance cars, especially addressed to the North American market. As the global recession raised demand for small-dis...

 
Ford Otosan Suspends Production for 3 Weeks
Ford Otosan Suspends Production for 3 Weeks

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / News telling you about reduced production, idled plants and job cuts shouldn’t really amaze you, as large companies such as General Motors, Chrysler, Volvo or Ford already announced multiple s...

 
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...

 
Bush Paves the Way for Auto Funds
Bush Paves the Way for Auto Funds

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / US Government's involvement in the automotive industry crisis is still the main debate in the United States with lawmakers, senators and even the president participating to negotiations. While ...

 
Russia to Fight Against Car Imports Avalanche
Russia to Fight Against Car Imports Avalanche

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / With the global economic crisis damaging sales of most carmakers around the world, governments in every country struggle to help local companies survive on the auto industry, preserve jobs and maint...

 
Obama on US Auto Crisis: “We Need to Provide Assistance!”
Obama on US Auto Crisis: “We Need to Provide Assistance!”

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / President-elect Barack Obama admitted in an interview with CBS that the US automotive industry urgently needs government assistance and acknowledged that a potential collapse of the Detroit 3 would ...

 
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...