The New Fiat: Sky Is No Limit
4 May 2009, 07:18 UTC · By: Daniel Patrascu / Italian manufacturer Fiat is now living in what may be very well considered its best years. The company is engaged in an all out offensive of purchase, alliances and reorganizing, processes which wi...
After Nardelli, LaSorda Leaves Chrysler Too
3 May 2009, 16:03 UTC · By: Bogdan Popa / Chrysler is surely experiencing the largest restructuring plan it could get and, after the company’s CEO Robert Nardelli announced he will leave the company, another key official confirms his ...
Michigan Dealer Confirms Offer for Pontiac, GM Promptly Says No
3 May 2009, 14:41 UTC · By: Bogdan Popa / Here you have it: an interested Pontiac dealer, namely Waldron Pontiac, is making an offer for GM’s brand – which is actually going to be phased out by the end of 2010 – but the Am...
Magna Says It Has Enough Money to Buy Opel, Fires 725 Workers in Canada
30 Apr 2009, 14:52 UTC · By: Bogdan Popa / The long stopry short: Magna International has recently been linked with an Opel acquisition, with the officials of the company hinting that it has enough money to purchase the German unit. Meanwhil...
Obama Lives in a Yellow Submarine, Is Full of Hope for GM and Chysler
30 Apr 2009, 10:15 UTC · By: Tudor Raiciu / While GM and Chrysler are in limbo over the Chapter 11 bankruptcy law, President Barack Obama yesterday expressed his growing optimism concerning the two US carmakers. Apparently, his sudden mor...
Renault Experiences 22.4% Decline in Q1 Sales
30 Apr 2009, 08:25 UTC · By: Tudor Raiciu / After taking a financial stroll through Daimler's and Honda's not so thrilling first quarter results, it's time we visit the French as Renault have just posted their financial results...
Michelin Records Mild Q1 Losses, but China Is Still OK
29 Apr 2009, 14:47 UTC · By: Tudor Raiciu / You'd think that tire manufacturers were severely hit by the declining sales posted by automakers around the world, except China of course. They are not doing great, but truth be told, they do...
Fiat Vice Chairman Confirms Chrysler Deal Decided Thursday Evening
29 Apr 2009, 14:21 UTC · By: Bogdan Popa / Only one day left until we'll finally find out whether Fiat and Chrysler will finally join their forces for one the largest strategic alliances in automotive industry or continue on their own. ...
US Government Slowly "Crawling" Towards "Cash for Clunkers" Bill
29 Apr 2009, 13:37 UTC · By: Tudor Raiciu / The US seem to be once again one step behind other countries in helping the automakers boost their disastrous sales. After failing to react in time to the soaring gas prices, the US lawmakers are ...
Seppuku Warning: Honda Posts First Loss in 15 Years
29 Apr 2009, 10:58 UTC · By: Tudor Raiciu / This shouldn't be a consolation for Daimler AG who are these days learning the word “loss”, but Honda are likely to join them in the classroom. The Japanese yesterday announced ...
General Motors Speeds Up Saturn Shutdown
28 Apr 2009, 10:42 UTC · By: Bogdan Popa / Even if the future of the company is yet to be decided, General Motors is now speeding up efforts to build the last models under the Saturn brand in a broader attempt to shed the asset by the end of...
Autoevolution Poll Shares Apocalyptic Vision: GM Will Go Bankrupt
28 Apr 2009, 09:34 UTC · By: Tudor Raiciu / Things are not looking good for the once sales leader in the automotive world and our readers seem to think the same. Following the numerous reports last week concerning General Motors and the bleak...
Daimler Agrees to Cease Stake in Chrysler
28 Apr 2009, 07:25 UTC · By: Bogdan Popa / Daimler AG today announced that it has decided to unload its stake in Chrysler and erase all debts, "which were already written off in the 2008 financial statements". Furthermore, the Germ...
Confirmed: Pontiac is Dead, GM Drafts New Survival Plan
27 Apr 2009, 13:54 UTC · By: Daniel Patrascu / Following weeks of rumor-denial-rumor regarding the future of its brads, dealerships and even personnel, GM finally made public their survival plan for 2009. Simply put, under the "GM Accelerat...
GM Maintains Suspense, Still No Decision on Pontiac Axing
27 Apr 2009, 08:48 UTC · By: Bogdan Popa / Pontiac's fate is still undecided, American car giant General Motors said today, denying all media reports claiming that company plans to kill this particular unit and keep GMC as part of a bro...
US Treasury Gives GM $2 Billion
27 Apr 2009, 08:18 UTC · By: Bogdan Popa / The United States Treasury department agreed to direct up to $2 billion in state loans to General Motors, the American car manufacturer who is likely to get up to $5 billion in government funds, acc...
Chrysler, CAW Ratify Contract
27 Apr 2009, 07:07 UTC · By: Bogdan Popa / Chrysler today announced that members of the Canadian Auto Workers (CAW) union have finally voted to ratify the contract, following the tentative agreement reached this weekend by the two sides. ...
Chrysler – CAW Tentative Agreement, Official Statements Inside
26 Apr 2009, 10:30 UTC · By: Bogdan Popa / Although recent media reports claim bankruptcy is imminent for the American car giant Chrysler, the automaker yesterday announced it has made another step towards government funds by reaching a tent...
US Prepares Chrysler for Bankruptcy
24 Apr 2009, 13:05 UTC · By: Bogdan Popa / It seems like Chrysler's fate is now sealed: the American car giant is going nowhere but towards Chapter 11, as bankruptcy remains the only possible option taking into account the current situa...
US Car Sales, the Worst in 30 Years, but It's All Stable
24 Apr 2009, 10:08 UTC · By: Tudor Raiciu / While communist China celebrates brilliant production figures and record sales, capitalist US looks at its car industry and you can almost see a tear slowly making its way around the pores of a worn...