Mulally Promises to Stick with Ford Until Profitability
30 Jul 2009, 11:06 UTC · By: Bogdan Popa / Ford Motor's CEO Alan Mulally, who's turning 64 in August, confirmed he'll stay at the helm of the American manufacturer until profitability and even afterwards if things are going ok...
SsangYong Workers, Board to Hold Talks in "Peace Zone"
30 Jul 2009, 07:17 UTC · By: Bogdan Popa / "You hit us, we hit you!" seems to be the favorite motto of the workers at SsangYong's Pyeongtaek plant who decided to protest against the board's decision to cut workforce in a ...
Toyota US Problems Continue
28 Jul 2009, 10:40 UTC · By: Bogdan Popa / The United States auto sector is not only difficult for automakers based in the country but also for overseas companies who are encountering problems with the same collapsing demand and low sales. T...
Bentley in China: 4,000 Cars Sold Over the Next 5 Years
27 Jul 2009, 12:32 UTC · By: Bogdan Popa / Even if some people think that Bentley's luxury models aren't quite appropriate for the current economic environment, the British manufacturer has high expectation when it comes to China, ...
Bologna Auto Show: Less Cars But More Things to See
27 Jul 2009, 06:34 UTC · By: Bogdan Popa / It's no secret that the current economic chaos slashed automakers' budgets and not only affected their business but also cut the money used for exhibiting cars at auto shows around the wor...
GM Q2 Sales Up 7 Percent Outside the US
22 Jul 2009, 14:00 UTC · By: Bogdan Popa / General Motors, who recently emerged from bankruptcy, revealed its second quarter financial results, unveiling a 7 percent increase outside the United States compared to the same period of the previ...
Francisco Hernando Quit the MotoGP, Sete Gibernau Out
13 Jul 2009, 08:35 UTC · By: Ovidiu Panzariu / The MotoGP has lost yet another team for the remainder of the 2009 season. Unfortunately, it was Sete Gibernau's drive which had to face a scrap from this year's series, as Grupo Francisco...
2010 as Difficult as 2009, Says Renault Boss
10 Jul 2009, 09:26 UTC · By: Bogdan Popa / Although most automakers are already seeing the first signs of recovery and companies are slowly getting back to the pre-crisis production volumes, Renault's CEO Carlos Ghosn expects 2010 to be...
China Beats US, Becomes World's Biggest Auto Market
10 Jul 2009, 08:25 UTC · By: Bogdan Popa / It was only a matter of time but the inevitable has occurred: China managed to surpass the United States in terms of new car sales in the first half of the year. According to data provided by the Ch...
China to Become a Powerful Challenge, Says Fiat UK Boss
3 Jul 2009, 13:59 UTC · By: Bogdan Popa / Fiat's UK managing director Andrew Humberstone said in an interview that China will become a very challenging market in the future as the country is making several major steps towards expanding...
Toyoda Expects Two More Difficult Years
26 Jun 2009, 10:35 UTC · By: Bogdan Popa / Toyota's new president Akio Toyota is expecting two more difficult years for both Toyota and the rest of the automotive sector but he emphasized that he established a plan to bring the Japanese...
Lamborghini Slams Russian Partner
19 Jun 2009, 09:01 UTC · By: Bogdan Popa / Luxury sports car manufacturer Lamborghini decided to end the partnership with its Russian dealership Mercury following poor services and sales performance. The Italian sports car maker informed Mer...
Ford in Good Shape Despite Crisis
18 Jun 2009, 08:05 UTC · By: Bogdan Popa / Ford, the sole survivor of the Detroit Three, is actually in good shape at this point, in spite of the economic recession which is still putting pressure on the shoulders of American manufacturers. ...
Europe to Recover in 2011, Says Renault Boss
17 Jun 2009, 10:51 UTC · By: Bogdan Popa / Even if some automakers are still feeling the pressure of the economic recession, the European sector is going to recover by 2011, Carlos Ghosn, CEO of French manufacturer Renault said in an intervi...
No Lex Luthor for Superman SsangYong in the UK
12 Jun 2009, 10:13 UTC · By: Bogdan Popa / SsangYong must be some kind of Superman, or Batman if you like him more, because the Korean manufacturer fights with bankruptcy in the domestic market but sets new sales records outside. And all con...
Lamborghini Expects No Recovery Until 2011
11 Jun 2009, 09:04 UTC · By: Bogdan Popa / Even if some automakers are already seeing the first signs of recovery, others are still fighting with the economic recession. Lamborghini, the luxury sports carmaker which reported positive results...
GM Back to Profitability by 2011?
5 Jun 2009, 13:40 UTC · By: Bogdan Popa / General Motors is said to get back to profitability as soon as 2011, the American manufacturer mentioned in court papers. Furthermore, Evercore Partners, the company's financial adviser expects...
Saab Has Enough Money until Prince Charming Arrives
5 Jun 2009, 07:43 UTC · By: Bogdan Popa / Saab is getting more desperate with every day, as the company screams for help and waits for an outside investor that could keep it in business. But even so, a Saab spokesman said the Swedish automa...
Porsche to Apply for 1.75Bn Euro Loan
4 Jun 2009, 07:54 UTC · By: Bogdan Popa / Although the company's officials repeatedly said Porsche is not going to apply for government loans, it might seem the German manufacturer will indeed ask for 1.75 billion euros from the German...
GM Could Close Another 450 US Dealers
3 Jun 2009, 12:31 UTC · By: Bogdan Popa / Just after the company has stepped under Chapter 11 protection and announced the closure of several production facilities, General Motors is getting ready to announce another restructuring measure. ...