Chrysler Implores Dealers to Place Orders
6 Feb 2009, 10:15 UTC · By: Bogdan Popa / In a desperate move to meet the February target of 78,000 vehicles, Chrysler is extending the last day for dealers to place new cars orders to Monday, The Detroit News wrote today quoting vice chair...
GM to Give Opel, Chevrolet Europe and Saab More Autonomy
5 Feb 2009, 14:29 UTC · By: Bogdan Popa / As part of its restructuring campaign, General Motors aims to reorganize its marketing, sales and aftersales divisions belonging to the European brands it currently owns. Brent Dewar, GM Europe'...
Italy's Aiding Package to Be Approved on Friday
5 Feb 2009, 11:39 UTC · By: Bogdan Popa / Italy's aiding package for the domestic struggling automakers will be announced on Friday, Prime Minister Silvio Berlusconi said yesterday but refused to provide more details about included sum...
Zoom-Zoom Expects $144 Million Fiscal Year Loss
5 Feb 2009, 11:00 UTC · By: Bogdan Popa / There's no wonder that automakers announce the lowest sales in the history but it's simply sad to see all the large companies we used to see praising models and revenues crying for governm...
Renault to Maintain French Operations
5 Feb 2009, 09:56 UTC · By: Bogdan Popa / French manufacturer Renault today agreed to maintain operations in the local market, despite the high cost it has to pay compared to factories in other regions of the world. French President Nicolas...
AMG Laughs in the Face of Recession, Says 2008 Was the Best Year Ever
5 Feb 2009, 09:18 UTC · By: Bogdan Popa / Despite the fact that poor sales results are a common thing nowadays, taking into account the consequences of the economic crisis, it may seem like some automakers, or at least certain divisions, ha...
Fiat to Idle Biggest Italian Plant for 2 Weeks
4 Feb 2009, 16:47 UTC · By: Bogdan Popa / Just like many other automakers, Fiat is now planning to temporarily suspend its biggest Italian production facility in Mirafiori due to falling new car demand, Autonews informed today. But more imp...
Nissan, Infiniti Lose Ground in North America
4 Feb 2009, 14:07 UTC · By: Bogdan Popa / January represented a very disappointing month for several automakers when it comes to their sales, especially in North America, often referred to as the most recession-damaged market in the whole w...
Honda Sales Still Collapsing Despite Successful Models
4 Feb 2009, 11:32 UTC · By: Bogdan Popa / Japanese automaker Honda today announced the January 2009 American sales, unveiling a decline of 30.7 percent compared to the same month of 2008. But more importantly, Honda officials admitted the a...
Acura Reports 32.4 Percent Drop But Praises Customers' Trust in the Brand
4 Feb 2009, 10:34 UTC · By: Bogdan Popa / Since we know it's fairly difficult to improve your sales during recession times, poor sales for Acura should not amaze us. But even if the company recorded a 32.4 percent drop in sales in Janu...
GM Announces 49 Percent Sales Drop in January 2009
4 Feb 2009, 09:00 UTC · By: Bogdan Popa / With the global economic downturn far from being over, General Motors today announced its January 2009 sales, revealing a 49 percent drop compared to the same month of the previous year. No less tha...
Dick Colliver Backs Away as Honda Sales Executive
4 Feb 2009, 09:07 UTC · By: Madalina Iancu / With the economic crisis knocking on the door, there is a lot of pressure over automakers' executives and to be honest, not many people would like to be in their shoes at the moment. Ther...
VW Reports US Sales Drop, Blames the Global Recession
4 Feb 2009, 08:25 UTC · By: Bogdan Popa / Volkswagen of American today announced the January 2009 sales, unveiling a 11.6 percent drop compared to the same month of the previous year. This is nothing more than a consequence of the economic ...
BMW M Car Sales Up 50 Percent in 2008
3 Feb 2009, 14:28 UTC · By: Bogdan Popa / Despite the difficult market conditions that slashed sales all over the world, BMW M Automobiles today unveiled the 2008 financial results, revealing the second-best result in the thirty-year histor...
Acura Still Aiming to Become Top Luxury Brand
3 Feb 2009, 08:25 UTC · By: Bogdan Popa / While some companies struggle to remain in business and maintain their sales on the floating line, others confirm their enthusiastic plans to increase sales and become leaders of their sectors. Such...
Japanese January Sales Lowest in 37 Years
2 Feb 2009, 16:01 UTC · By: Bogdan Popa / Despite some rumors claiming the Japanese automotive industry is less affected by the economic downturn, new car sales in Japan reached the lowest point in 37 years in January, according to Reuters ...
Dealers Under Financial Pressure, Slash Workforce Across the US
2 Feb 2009, 10:59 UTC · By: Bogdan Popa / Even if the United States government agreed to help the struggling domestic automakers GM and Chrysler, problems are far from being over in the country. Despite the companies' efforts to preser...
Ford Aims to Sell Volvo for Nearly $10 Billion
29 Jan 2009, 14:02 UTC · By: Bogdan Popa / Volvo has been the leader in safety for many years but this thing is simply useless today when the company's sales are extremely poor. Unfortunately for the Swedish brand, Ford is continuously ...
Mercedes Dealers Expect Tough 2009
28 Jan 2009, 14:03 UTC · By: Bogdan Popa / With the global economic recession knocking on everybody's door, automakers around the world struggle to minimize loses and hope for a better future. Unfortunately, 2009 will be more difficult ...
General Motors Gives Up on Dealers
28 Jan 2009, 11:53 UTC · By: Daniel Patrascu / American giant General Motors tries to escape the crisis' grip by adopting tough methods at all levels of its structure. Following this week's announcements of job cuts in the U.S. and sho...