Chrysler Given 30 Days to Link with Fiat
30 Mar 2009, 09:15 UTC · By: Bogdan Popa / With the March 31 deadline almost here, rumors surrounding the fate of the two ailing American automakers are causing quite a stir in this particular sector. While Rick Wagoner has just announced th...
Rick Wagoner "Steps Aside" as CEO of GM
30 Mar 2009, 06:17 UTC · By: Bogdan Popa / Shocking news just ahead of the March 31 deadline when the United States government must decide whether to provide more funding to General Motors: Rick Wagoner, chairman and CEO, leaves the company ...
Mitsubishi Cuts United States Workforce
29 Mar 2009, 14:15 UTC · By: Bogdan Popa / As a response to the falling demand the company experiences in the United States, Mitsubishi this week fired 140 sales and credit jobs in the country, with most of them working at the Cypress, Calif...
Insight Sells Incredibly Well, Honda Says It Can't Meet Demand
27 Mar 2009, 12:11 UTC · By: Bogdan Popa / Some people would say that such a thing is quite understandable given the difficult market conditions but still, it's at least impressive the way Honda's Insight managed to turn things aro...
Nearly 7,500 Employees Agree to Voluntarily Leave General Motors
27 Mar 2009, 08:05 UTC · By: Bogdan Popa / Following this week's announcement that General Motors will debut a job cutting schedule to reduce workforce and get back on track, nearly 7,500 employees agreed to voluntarily leave the compan...
British Bentley Retailer HR Owen Starts Feeling the Crisis
26 Mar 2009, 11:43 UTC · By: Bogdan Popa / With the recession still slashing sales and reducing workforce around the world, luxury cars retailers started feeling the pressure too as their 2008 profits recorded a massive drop. The best exampl...
Tata Says It May Slash UK Workforce without Government Support
25 Mar 2009, 10:33 UTC · By: Bogdan Popa / Although Tata Motors recently warned that it may cut jobs in the United Kingdom without government support, Jaguar Land Rover insisted that no layoffs will take place for the time. Workers earlier t...
France Willing to Give Heuliez 10mn Euros in State Funds
24 Mar 2009, 15:05 UTC · By: Bogdan Popa / France continues its plan to push domestic automakers towards green cars and, after approving a 3 billion euro funding package for local companies, it is now willing to direct an additional 10 milli...
Ford Thinks Increasing UK Prices Is a Good Strategy
24 Mar 2009, 13:42 UTC · By: Bogdan Popa / Although Ford repeatedly said it doesn't need government money as it can get through the crisis by its own, the company admitted it experienced some of the toughest times in its history, as sal...
French Scrapping Incentives Boost Minicar Production
23 Mar 2009, 15:19 UTC · By: Bogdan Popa / Finally a good news in the industry category... According to reports, the scrapping incentives offered by the French government increased the minicars overall production in February but still not en...
Skoda Puts Southeast Asian Expansion on Hold
23 Mar 2009, 14:06 UTC · By: Bogdan Popa / In such a difficult market, expanding operations in new and unexplored markets is extremely risky, especially when taking into account that investing into new facilities may not bring anything but l...
Germany Still Not Planning to Take a Stake in Opel
23 Mar 2009, 12:13 UTC · By: Bogdan Popa / Even if Opel every once in a while warns that the brand may bite the dust unless it gets financial support, Germany is still not willing to buy a stake into the company, Chancellor Angela Merkel sai...
Updated: Tata Nano Launched in India
23 Mar 2009, 08:26 UTC · By: Daniel Patrascu / As it promised, Indian car manufacturer Tata Motors announced yesterday it will launch the lower than low cost vehicle on the Indian market sometimes today, msnbc.com reported. Having an estimated ...
UK Car Production Down in February...
20 Mar 2009, 15:49 UTC · By: Daniel Patrascu / ...and this is no longer a surprise to anybody. The economic crisis keeps on pulling down sales figures and as a result makes vehicle production slow its pace. The British Society of Motor Manufactu...
SEAT Employees Choose Salary Freeze in Exchange for Audi Q3
20 Mar 2009, 15:12 UTC · By: Bogdan Popa / The economic recession pushes automakers and people involved in the automotive sector way beyond their limits, especially when talking about the salary freezes and job cuts applied at production pla...
Renault Increases Production to Meet Growing Demand
20 Mar 2009, 15:02 UTC · By: Bogdan Popa / Paradoxically and contrary to what you may expect during so difficult economic recession times, Renault today announced that it will increase production at the Flins site in France (Clio III) and No...
Fiat Readies Chrysler Alliance, Inspects US Plants
20 Mar 2009, 10:08 UTC · By: Bogdan Popa / After the initial agreement reached a few months ago, Fiat makes another step towards the alliance with US giant Chrysler by conducting environmental and safety reviews of the production facilities ...
Brembo Still in Trouble, Prepares Dividend Cut to Cope with the Crisis
20 Mar 2009, 08:37 UTC · By: Bogdan Popa / Italian brake systems manufacturer Brembo is also experiencing difficult times due to the economic turmoil so it will propose to shareholders a 19.6 percent slash to the dividend. The company's...
Chrysler to Run Out of Cash by March 31
19 Mar 2009, 11:40 UTC · By: Bogdan Popa / American automaker Chrysler says it has enough money to survive through the end of March as the company has reduced costs in every single area and is spending money slower than it did in the previou...
Subaru of America Names New COO
19 Mar 2009, 11:27 UTC · By: Madalina Iancu / It has become quite popular to hold more than one executive position at the same time nowadays and more and more automakers seem to decide upon this measure probably to better cope with the financia...