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 ...
GM Gets Ready for Bankruptcy
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although US car manufacturers struggle to get through the economic crisis, General Motors acknowledges that things can get even worse and hired a special bankruptcy counsel and restructuring adviser...
Honda Considering Moving Headquarters Outside Japan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although we're getting used to reports regarding the victims of the global economic crisis, today's news is a bit different, with Japanese manufacturer Honda threatening the local governme...
Former Massachusetts Governor: Detroit Should Go Bankrupt!
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While companies around the world struggle to face the global recession and Detroit 3 begs for government assistance, Mitt Romney, former Massachusetts Governor comes with a shocking solution to all ...
Hyundai, Kia Delay Payments to Managers
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although it initially seemed like Japanese companies were less involved into what seems to be the toughest period in the history of the global automotive industry, the financial recession now starts...
Buick Bets on Mid-Size Segment
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Similar to its parent company, the General Motors Buick division is experiencing tough times during the global recession, with sales going down for most models. However, Buick plans to pay more atte...
Suppliers Put Pressure on Chrysler, Demand Cash
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although it's a well known the fact that Chrysler is encountering the most difficult period in its history, with bankruptcy almost imminent, it seems like things can get even worse for the Amer...
Honda North American Production Drops by 119,000 Units
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Still struggling to remain on the floating line and minimize loses caused by the global economic recession, Japanese carmaker Honda today announced a new production cut for the North American market...
GM and Tiger Woods Partnership Over
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / Rumors have now been confirmed for the skeptic ones. General Motors has made it clear: by the end of December 31, 2008, their nine year partnership with Tiger Woods will be concluded. Yes, it'...
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...
Mercedes Still in Love with Hungary
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Mercedes recently confirmed that it will continue its expansion in Hungary, denying rumors saying that the German company may retract the investment due to the global economic crisis, The Budapest T...
Infiniti, Murano Production Cut by Nissan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Most news reports which came out in the last few days were somehow related to the global economic crisis, regardless if they announced job cuts, lowered productions or other markets moves meant to m...
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...
Renault's Dacia Ceases Production From Nov. 20 to Dec. 7
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After sales of most American carmakers were massively reduced by the much-debated economic crisis, the global recession is now heading to Europe where local car manufacturer have already announced a...
UAW Retirees Receive GM “Christmas Bonus”
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even if the still-called the largest carmaker in the world General Motors repeatedly said it may run out of cash in early 2009, it still has to make a number of payments which, in the opinion of the...
SEAT Alters 2009 Production
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Spanish carmaker SEAT is the latest victim of the global recession as the company has just announced that it decided to modify the initial production schedule due to the decreasing demand on most ma...
Continental Counteracts the Global Recession
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Continental is one of the first suppliers in the automotive industry that counteracts the financial crisis, with the company's officials today confirming that the Blythewood, S.C. Plant is due ...
Small Cars Are the Future, Ford Thinks
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While there's no secret that Ford has seen its sales collapsing in the last period, the members of the board are constantly having meetings to come up with solutions. Obviously, there were diff...
Volkswagen Reports Poor Sales in December
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no wonder that automakers report very low sales in most markets, so today's piece of news telling you about poor sales brought by Volkswagen follows the same pessimistic trend. Acc...
MINI, Mini on the Wall, Which Is the Best Car Type of Them All?...
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / ... is it the gas guzzling SUV, the comfy sedan or the toys'r'us micro cars? There’s no doubt the financial downturn changed the automotive industry but, beside these reports telling...