World, Meet Ford's Life-Saving Plan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The short story so far: under strong pressure of the global recession and with continuously declining sales, the group of Detroit 3 (and count here General Motors, Chrysler and Ford) requested finan...
BMW Cuts UK MINI Production
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Unfortunately for the whole automotive industry but for 6,000 workers in particular, BMW has decided to cut UK production of its MINI models due to the much-debated economic crisis. The news complet...
Norwegian Electric Carmaker in Need of Gov. Support
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though it builds one of the most attractive vehicle types nowadays, Norwegian electric carmaker Think Global lost the fight with the global recession and asked for support from the local govern...
Chrysler Transmission Manufacturer Files for Bankruptcy Protection
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / GETRAG Transmission Manufacturing LLC today announced that it has filed for protection under chapter 11 of the United States Bankruptcy Code for its Tipton, Indiana production plant. The Indiana-bas...
General Motors, Chrysler Receive Canadian Loan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After the United States officials announced last Friday that a $17.4 billion low-interest loan will be granted to General Motors and Chrysler, the Canadian government today decided to approve a C$4 ...
Sweden Willing to Aid Automotive Industry
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The Swedish government confirmed on Thursday that it agrees to help the domestic carmakers go through the economic crisis and aid them to concentrate on fuel-efficient engines. Sweden will provide a...
Solar Energy Firm Makes $1.2bn Bid for Opel
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While General Motors strives to find a way to revamp its sales and re-become the world's largest car manufacturer, its German brand Opel received the most surprising takeover bid it would ever ...
Republicans Propose Alternative Rescue Plan to Detroit 3
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following the recent announcement that the United States Senate have put the Detroit 3 loan package on hold, members of the Senate already started looking for alternative solutions that could help d...
Tesla Employees Fired by Blog
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Last week, news concerning a heavy job cut at Tesla Motors spread on the web and everybody talked about the financial crisis which made another important victim in the automotive industry. However, ...
Daimler Mocks Economic Crisis, Increases China Sales
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although car manufacturers around the world struggle to reduce looses caused by the economic crisis, there are a few companies which record increasing sales on several markets. The best example is g...
Money Still A Problem in the GM – Chrysler Deal
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Facing the global economic crisis is a difficult job even for a large company like Chrysler who may need the government's help to reduce the loses. However, talks regarding a potential merger b...
GM Employees Asked to Take Dec. 22, 23 Off
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors is still experiencing a very difficult period after the global economic crisis smashed its sales, with the board now requiring employees to take December 22 and December 23 off despit...
Ford's European Sales Down 24.8 Percent
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Ford Motor Company, aka the only Detroit 3 member that could remain in business even without government support, continued to experience poor sales in November, with Europe unveiling a 21.4 percent ...
Volkswagen Feels the Recession Too
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The whole automotive industry is currently experiencing what seems to be the toughest period in history, with the global recession pushing them close to bankruptcy and turning models supposed to bri...
GM to Collapse Without Government Aid
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although the global economic crisis has smashed sales of most carmakers, US-based General Motors is probably the most important victim, with shares reaching the lowest point in 60 years. More import...
Lotus Reports £2 million Profit
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though the global economic crisis has reduced sales, shares and demand for most car models around the world, Lotus today touted a profit of 2 million pounds (that's approximately $3.1 mill...
Toyota Supports Detroit 3's Cause
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After the Senate announced last week that the $14 billion loan request has been put on hold, Detroit manufacturers are willing to do anything to convince the officials that such a decision would be ...
GM, Chrysler Get First $4 Billion
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors and Chrysler received the first $4 billion in emergency loans from the United States government from a total of $17.4 billion the Bush administration approved before Christmas. The go...
Daimler Denies Interest in Volvo
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Daimler has absolutely no intention in acquiring the Swedish carmaker Volvo, denying a report issued last week which claimed the company is interested in purchasing Ford Motor's unit. According...
MINI Cars Save BMW Group Sales in 2008
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / Here's another German automaker writing its sales page in the black book of history of December 2008. We're pretty sure you know BMW Group sales dropped heavily during the last month of 20...