GM Europe Hires Berger to Help Save Opel
19 Mar 2009, 09:31 UTC · By: Bogdan Popa / The European unit of General Motors hired consultancy Roland Berger to help parent company establish a better survival plant for Opel. More specifically, Roland Berger will assist General Motors in ...
Six to Eight "Very Large" Companies Interested in Buying Saab
17 Mar 2009, 16:17 UTC · By: Bogdan Popa / GM's Swedish unit Saab is again making the headlines after Sweden's Industry Minister Maud Olofsson said that six to eight "very large" companies have expressed their intention t...
Audi Keen to Raise Product Development Investment to 90 Percent
17 Mar 2009, 15:40 UTC · By: Bogdan Popa / During so difficult recession times, saving costs in every single area is one of the main objectives for most automakers who struggle to stick to profitability. Audi does exactly the same thing, wit...
Toyota Idles Russian Operations Due to Falling Demand
17 Mar 2009, 14:57 UTC · By: Bogdan Popa / Toyota today announced that it will temporary suspend operations at its Russian production facility between March 30 and April 6, citing the over-discussed economic recession and the falling demand ...
Mazda5 and Mazda6 2% More Expensive in the UK
17 Mar 2009, 13:14 UTC · By: Bogdan Popa / Mazda UK recently announced a new measure aimed at counteracting the economic turmoil, this time directly targeting its product lineup. The Japanese manufacturer said that prices of the new Mazda5 a...
Mazda's Japanese Production Back to Non-Crisis Schedule
17 Mar 2009, 09:40 UTC · By: Bogdan Popa / Mazda's Japanese production returns to normal following the cuts announced last months, the car manufacturer announced in a press statement today. The Hofu Plant No. 1 and the Hofu Plant No. 2 ...
Tire Industry to Decline More in 2009
17 Mar 2009, 08:38 UTC · By: Bogdan Popa / According to a study conducted by the Rubber Manufacturers Association, tire shipments are expected to drop more than 7 percent in 2009 compared to a decrease of 9 percent recorded in 2008. More spe...
Aston Martin Sales to Go Down in 2009
16 Mar 2009, 16:46 UTC · By: Bogdan Popa / After recording the second-best year in the company's 95-year history when it comes to new car sales, Aston Martin is expecting lower sales this year, citing the economic recession and the slum...
Ford Confirms Production Cuts in Spain and Germany
16 Mar 2009, 15:22 UTC · By: Bogdan Popa / Ford is again fighting against the economic turmoil in Europe, announcing a series of new anti-crisis measures supposed to help align production with the market demand. To be more specific, the auto...
German Officials to Meet US Reps to Save Opel
16 Mar 2009, 15:08 UTC · By: Bogdan Popa / Germany's economy minister Karl-Theodor zu Guttenberg will meet with representatives of the United States to discuss the possibilities to help General Motors' brand Opel. According to The ...
New Fiesta Helps Ford Increase Market Share
16 Mar 2009, 14:35 UTC · By: Bogdan Popa / The new Fiesta is one of the most attractive models in the company's product lineup when it comes to European cars. At least this is what Ford claims, pointing to its February 2009 sales figure...
Toyota Preps UK Cost-Cutting Schedule
13 Mar 2009, 08:40 UTC · By: Bogdan Popa / As part of its broader campaign to reduce costs around the world and align production with the falling market demand, the UK division of Toyota Motors Corporation yesterday announced it will tempora...
BMW Recorded the Second-Best Annual Sales in History in 2008
12 Mar 2009, 16:09 UTC · By: Bogdan Popa / BMW unveiled in a report published today that the German group held up well in 2008 despite the economic chaos that slashed sales all around, with profit before financial result (EBIT) falling to 92...
Mazda's February Sales Show First Signs of Recovery
12 Mar 2009, 10:28 UTC · By: Bogdan Popa / Even if the economic mayhem is still creating chaos in the automotive industry, Mazda today unveiled that its February 2009 sales finally showed some signs of recovery, with five countries achieving...
Renault Still Keen on "Crisis-Period Labor Deal" Proposal
12 Mar 2009, 09:51 UTC · By: Bogdan Popa / French manufacturer Renault today announced that the company is still interested in implemented a crisis-period labor deal following the meeting with trade union representatives on March 10, emphasi...
UK's Funding Package Receives EU's Green Light
12 Mar 2009, 08:57 UTC · By: Bogdan Popa / The European Commission finally approved UK's 2.3 billion pounds ($3.18 billion) funding package for the domestic ailing automaker and the state is now waiting for applications to distribute th...
Chrysler Warns It May Close Canadian Plants Unless It Gets Financial Support
12 Mar 2009, 08:19 UTC · By: Bogdan Popa / American automaker Chrysler today threatened that it may close its Canadian production facilities unless the government approves the requested funds and helps the company cope with the recession. Ch...
Audi Suspends Production in Hungary
11 Mar 2009, 16:35 UTC · By: Bogdan Popa / German automaker Audi announced that it will suspend production at its Hungarian plant in Gyor as part of an attempt to save jobs in the country while struggling to align production with the falling...
Crisis Deepens in Russia, Automakers Still Not Scared
11 Mar 2009, 15:35 UTC · By: Bogdan Popa / The economic recession continues and the negative results continue to occur all over the world, including Russia, one of the largest new car markets for most automakers. The crisis deepened in Febru...
Audi Expects First Annual Sales Drop Since 1995
10 Mar 2009, 15:53 UTC · By: Bogdan Popa / There's no secret the economic recession smashed automakers all over the world and, even if they were often described as less-affected companies, German car manufacturers are also in trouble. T...