RIP Cadillac XLR
28 Jan 2009, 11:44 UTC · By: Bogdan Popa / General Motors confirmed the end of production of the Cadillac XLR manufactured by the American automaker at the Bowling Green Assembly Plant. All the 40 employees responsible for the production of ...
Japan to Reduce Car Production by Three Million Units
28 Jan 2009, 11:22 UTC · By: Bogdan Popa / Even though Japanese automakers are obviously in better shape than their American rivals, the country's top 12 companies may be forced to apply significant job cuts, as part of their attempt to...
Britain Offers 2.3 Billion Pounds to Struggling Automakers
28 Jan 2009, 08:56 UTC · By: Bogdan Popa / The United Kingdom government today announced it will provide up to 2.3 billion pounds ($3.25 billion) to domestic struggling automakers in order to prevent job cuts and reorganize their production ...
Crisis Puts All in Standby, PSA and Kia Work Harder
27 Jan 2009, 18:42 UTC · By: Daniel Patrascu / The economic crisis that started last year had still has a big impact on us all. The automotive industry in particular saw all of their forecasts turned upside down, their investment plans stopped a...
Infiniti Working on 2010 Hybrid
27 Jan 2009, 16:26 UTC · By: Bogdan Popa / Since the economic recession slashed their sales too, reconsidering their short-term strategy seems to be a good idea for Infiniti. And in case the new plan also includes a hybrid, thing are going t...
Nearly 60,000 Jobs to Be Lost Without Government Aid, Fiat Says
27 Jan 2009, 14:29 UTC · By: Bogdan Popa / Speaking to journalists attending a meetinng of Unione Industriale, Fiat CEO Sergio Marchionne emphasized the need for government help, explaining that the Italian auto industry could easily collaps...
GM to Fire 2,000 Workers, UAW Says It's Devastating
27 Jan 2009, 11:34 UTC · By: Bogdan Popa / General Motors has just confirmed that it plans to cut approximately 2,000 jobs at two plants, adding that the company also intends to idle several plants in the United States. Basically, the Americ...
Honda to Cut Production in the US and Japan
27 Jan 2009, 11:20 UTC · By: Bogdan Popa / Unfortunately for the automotive industry, the fight against the economic recession continues with even more cost-cutting measures. This time the anti-recession move concerns Honda, the Japanese aut...
Honda to Kill S2000 in December
27 Jan 2009, 08:12 UTC · By: Bogdan Popa / Honda today confirmed that its successful S2000 model will be discontinued at the end of the year, with the Japanese automaker insisting that although it was initially supposed to represent a limite...
GM, Chrysler Urge Dealers to Order Cars
26 Jan 2009, 14:05 UTC · By: Bogdan Popa / Two of the struggling American automakers, General Motors and Chrysler, urged their United States dealerships to order as many cars and trucks as possible in the next two months in order to help the...
Ford: We're in Good Shape, No Loans Needed!
26 Jan 2009, 11:11 UTC · By: Bogdan Popa / Even though the whole automotive industry struggles to counteract the global recession with all kinds of cost-cutting measures, Ford Motor Co says it still doesn't need financial support from t...
Bentley to Halt Production for Seven Weeks
26 Jan 2009, 09:37 UTC · By: Bogdan Popa / Luxury car manufacturer Bentley today announced that it will halt production of its Crewe facility for six or seven weeks, obviously due to the continuously decreasing demand in most markets across ...
Ford Runs Out of US Dealerships Cash
26 Jan 2009, 08:30 UTC · By: Bogdan Popa / Despite the fact that it repeatedly said the company does not need financial support from the United States government, Ford is clearly experiencing the same economical problems as the other two str...
Audi to Idle the Ingolstadt Plant for Five Days
23 Jan 2009, 16:07 UTC · By: Bogdan Popa / We all know the whole automotive industry is now under heavy pressure and, unfortunately, Audi is no exception to this rule. As part of its anti-recession plan, Audi today announced it will idle its...
Toyota to Cut 1,000 Full-Time Jobs
23 Jan 2009, 15:35 UTC · By: Bogdan Popa / After reporting that the financial year ending in March may bring the first ever operating loss, Toyota is getting ready for even tougher times. The Japanese carmaker is considering a 1,000 full-tim...
GM Receives Second $5.4 Billion Installment
23 Jan 2009, 09:33 UTC · By: Bogdan Popa / General Motors has received the second payment of its $13.4 billion loan approved by the United States government last December, officials of the American automaker confirmed today. GM yesterday sai...
Cerberus to Axe 10 Percent of its Workforce
23 Jan 2009, 08:23 UTC · By: Bogdan Popa / We all know that Chrysler faces one of the toughest times in its history but even so, reports concerning its parent company Cerberus Capital Management made the headlines fairly rare. Unfortunately ...
France Asks Auto Execs to Cut Bonuses in Return for State Aid
22 Jan 2009, 10:04 UTC · By: Bogdan Popa / The French government yesterday agreed to provide financial support to local automakers but only if struggling companies agree to cut bonuses paid to chief executives, Autonews wrote in a report pub...
GM Says It Could Run Out of Cash by March 31
22 Jan 2009, 09:04 UTC · By: Bogdan Popa / General Motors is making the headlines once again, as it recently said it may run out of cash as soon as March 31 in case it doesn't receive the second loan payment from the US government. The ...
Toyota Crowned World's No. 1 Car Manufacturer
21 Jan 2009, 16:28 UTC · By: Bogdan Popa / General Motors was often referred to as the world's largest automaker as it managed to lead the overall chart of the automotive industry for no less than 77 years. Unfortunately for the America...