BMW and Mercedes Sitting in a Tree...
21 Nov 2012, 14:06 UTC · By: Alex Oagana / In these times of economic recession, most of the automotive manufacturers are having a hard time staying above the floating line with the soaring gas prices, low purchasing power and customer confi...
High Stress Time for Tesla, Again
21 Nov 2012, 14:06 UTC · By: Alex Oagana / For the fourth time in only one year, Tesla Motors is changing its CEO. Chief investor Elon Musk is taking over as chairman, replacing Ze'ev Drori, who will become vice chairman, the San Jose M...
Toyota Ceases Construction of Thai, Russian Plants
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After confirming that 2008 brought the first ever annual operating loss, Toyota continues its fight against the economic downturn with a new cost-cutting measure, this time targeting Thailand and Ru...
Automotive industry says: “Bring the pain!”...
21 Nov 2012, 14:06 UTC · By: Alex Oagana / ... just like it was a line from a B-category action flick or the name of Method Man's '90s single. Everybody is preparing nowadays to take the world economic recession head on. Regarded b...
Chevy Volt Still Alive Despite Chapter 11 Threats
10 May 2009, 08:48 UTC · By: Bogdan Popa / General Motors is still keen on developing the over-discussed Chevrolet Volt plug-in hybrid and the company should enter production, as scheduled, in 2010. This is what Tom Stephens, the automaker&#...
GM Feels the First Taste of Bankruptcy, Reports $6bn Loss
7 May 2009, 13:45 UTC · By: Bogdan Popa / It may seem like bankruptcy becomes inevitable for General Motors too as even the so-many anti-recession moves it applied in the United States prove to be useless. The American giant today announced...
Finally! Somebody Interested in Buying Saturn, GM Confirms
6 Mar 2009, 11:49 UTC · By: Bogdan Popa / After several months of uncertainty when nobody, and count here GM too, knew what's gonna happen with Saturn, sources close to negotiations finally confirmed that a "few" parties are ...
Stewart Won't Accept Cut of RBS Sponsorship
25 Feb 2009, 11:55 UTC · By: Ovidiu Panzariu / Sir Jackie Stewart doesn't want to hear anything about a renegotiation of his deal with the Royal Bank of Scotland, despite the financial difficulties encountered by the famous bank through the...
Peugeot-Citroen Mourns after Bertrand Peugeot
17 Feb 2009, 14:28 UTC · By: Madalina Iancu / As if the poor sales scored by the French automaker last year weren't already overwhelming for the French automaker, Peugeot-Citroen has now another reason of sadness. Unfortunately, father ...
2008 Mercedes-Benz Truck Sales at All-Time High
12 Feb 2009, 15:56 UTC · By: Bogdan Popa / Even if it's fairly obvious that commercial vehicles are expected to bring lower sales during recession times, the truck division of Mercedes-Benz reached an all-time high in 2008, according to...
Kia Temporarily Halts Production in Slovakia
12 Feb 2009, 15:22 UTC · By: Bogdan Popa / South Korean automaker Kia Motors today announced it will temporarily halt production at the Slovak facility due to collapsing sales in Europe. Even though Kia officials did not mention the new prod...
Buffett Throws Lifeline to Harley-Davidson
4 Feb 2009, 14:25 UTC · By: Madalina Iancu / A famous brand name can get you out of troubles even in the most critical situations. This seems to be the case of Harley Davidson who has lots of debts hidden behind a high-sounding name. Accord...
Sales Drop, Ford and Vauxhall Increase UK Car Prices
4 Feb 2009, 13:34 UTC · By: Madalina Iancu / Although they have reported poor sales given the economic recession and despite the recent government bailout, Ford and Vauxhall decided to increase UK car prices. According to BBC News, the two ...