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Stories about: economic crisis

Solar Energy Firm Makes $1.2bn Bid for Opel
Solar Energy Firm Makes $1.2bn Bid for Opel

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While General Motors strives to find a way to revamp its sales and re-become the world's largest car manufacturer, its German brand Opel received the most surprising takeover bid it would ever ...

 
GM Gets Ready for Bankruptcy
GM Gets Ready for Bankruptcy

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although US car manufacturers struggle to get through the economic crisis, General Motors acknowledges that things can get even worse and hired a special bankruptcy counsel and restructuring adviser...

 
Honda Considering Moving Headquarters Outside Japan
Honda Considering Moving Headquarters Outside Japan

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although we're getting used to reports regarding the victims of the global economic crisis, today's news is a bit different, with Japanese manufacturer Honda threatening the local governme...

 
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 ...

 
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...

 
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...

 
Money Still A Problem in the GM – Chrysler Deal
Money Still A Problem in the GM – Chrysler Deal

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Facing the global economic crisis is a difficult job even for a large company like Chrysler who may need the government's help to reduce the loses. However, talks regarding a potential merger b...

 
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 ...

 
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...

 
Lotus Reports £2 million Profit
Lotus Reports £2 million Profit

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though the global economic crisis has reduced sales, shares and demand for most car models around the world, Lotus today touted a profit of 2 million pounds (that's approximately $3.1 mill...

 
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...

 
UAW Retirees Receive GM “Christmas Bonus”
UAW Retirees Receive GM “Christmas Bonus”

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even if the still-called the largest carmaker in the world General Motors repeatedly said it may run out of cash in early 2009, it still has to make a number of payments which, in the opinion of the...

 
Volkswagen Reports Poor Sales in December
Volkswagen Reports Poor Sales in December

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no wonder that automakers report very low sales in most markets, so today's piece of news telling you about poor sales brought by Volkswagen follows the same pessimistic trend. Acc...

 
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...