Aston Martin for Sale?
10 Nov 2012, 10:42 UTC · By: Andrei Nedelea / Aston Martin’s main shareholder, Investment Dar Co., has reportedly began looking for potential buyers, as it wants to pass on the famed British brand. The story comes courtesy of Bloomberg, w...
Mercedes-Benz China Sales Fall by 3.9% in October
9 Nov 2012, 13:22 UTC · By: Andrei Nedelea / While most other non-Japanese manufacturers have experienced a rise in their China sales, Mercedes-Benz did not do so well last month, selling just 15,900 vehicles, which represents a 3.9% drop in l...
All-Electric Opel Adam EV Axed
9 Nov 2012, 10:45 UTC · By: Andrei Nedelea / The idea of a posh all-electric city car, with decent range is truly an idea which needs more looking into. Smart have done it with the new ED, and Citroen is also pondering the idea - they showed o...
Angry Ford Workers Protest Job Cuts in Germany
8 Nov 2012, 16:45 UTC · By: Andrei Nedelea / Ford’s announcement that they would be closing down the Genk factory, in Belgium, which would lead to the loss of some 4,300 jobs did not go unnoticed. Angry workers gathered outside Ford&rsqu...
Mercedes-Benz UK Sales Increase in October
8 Nov 2012, 08:22 UTC · By: Andrei Nedelea / Mercedes-Benz is doing quite well in the UK, according to recent sales reports, as they have managed to sell some 11.8% more cars so far in 2012, than they did in the same time frame of last year. T...
Mercedes Investors Unsure of Company’s Future Prospects
7 Nov 2012, 08:34 UTC · By: Andrei Nedelea / Mercedes-Benz has the ambition of becoming the world’s largest luxury automaker, by the year 2020, when it plans to sell 2.7-million units. Last year they sold a total of 1.26-million cars, an...
Lancia May Face the Axe as Fiat Losses Mount
3 Nov 2012, 09:53 UTC · By: Andrei Nedelea / The economic downturn in Europe is very likely to be making another victim, yet this time we are sad to announce the possible death of Lancia. The Fiat Group may be closing the famed Italian brand, ...
Opel to Appoint Former VW China Boss as Chairman
2 Nov 2012, 13:37 UTC · By: Andrei Nedelea / It seems that not only Ford is making changes at the highest executive level, but also Opel (and Vauxhall), as the company is looking to enlist the services of former VW China boss, Karl-Thomas Neum...
Weak European Market Drags GM Q3 Profits Down by 14%
1 Nov 2012, 09:30 UTC · By: Andrei Nedelea / The economic situation of Europe is really affecting all major automakers, and GM, with its Opel and Vauxhall branches on the Old Continent hasn’t been avoided by these financial issues. Despi...
Lithium-Ion Battery Manufacturers Sued Over Price Fixing Accusations
31 Oct 2012, 14:45 UTC · By: Andrei Nedelea / We have always had a sneaking suspicion that battery prices were being kept artificially high, in the pursuit of profits above all else, but it seems that most of the major manufacturers are in on t...
BYD Expects a Profit Fall of 98%, Compared to 2011
30 Oct 2012, 12:31 UTC · By: Andrei Nedelea / Chinese automaker BYD has announced that it expects a drop in profits of 98%, when compared to the numbers they recorded in 2011, when their net profit was 1.38-million Yuan. This year they expect a...
GM and Ford Facing Total Combined Losses of $1-Billion
30 Oct 2012, 11:06 UTC · By: Andrei Nedelea / We already know that Ford is not doing very well at the moment, especially in Europe, where it only expects to turn a profit from 2015 onward, working at a loss until then, reporting losses of $500 ...
Ford to Cut 1,400 Jobs at UK Dagenham and Southampton Plants
29 Oct 2012, 13:33 UTC · By: Andrei Nedelea / After announcing the complete closure of their large car plant in Genk, Belgium, which will put around 4,300 employees out of work, Ford has now announced the part-closure of their Dagenham engine p...
UK Insurance Rates Fall in Q3 2012
24 Oct 2012, 08:11 UTC · By: Andrei Nedelea / While insurance rates are not really known for fluctuating too much, the third quarter of 2012 has brought about a fall in UK car insurance rates - the first of the year, following six months of eve...
DRB-Hicom Chief Puts Fears of Lotus Closing Down to Rest
24 Oct 2012, 07:41 UTC · By: Andrei Nedelea / Things at Lotus have been a bit shaky in recent months, with instability and uncertainty dominating the minds of its employees and dedicated fans around the world, who feared for the famed British m...
Ford May Close Down Genk Plant
23 Oct 2012, 09:23 UTC · By: Andrei Nedelea / Ford’s plant in Genk, Belgium has been the birthplace of the Blue Oval’s Europe-bound large cars for the last few decades, with cars like the Taunus P4, Scorpio and Sierra, as well as al...
Jeep Officially Announces Interest in China Production
22 Oct 2012, 12:02 UTC · By: Andrei Nedelea / Chrysler has been eyeing the Chinese car market for a while now, and they plan to eventually move all Jeep production of cars destined to be sold in the area, to China. Group officials are now in ta...
UK: Standard-Fit AEB Lowers Insurance Rates for All Mazda CX-5s
22 Oct 2012, 11:14 UTC · By: Andrei Nedelea / Following the Volvo V40, the Mazda is among the first cars to get a reduction in their insurance rates, thanks to the standard-fit Smart City Brake Support (SCBS), which is Mazda’s trademark A...
Gumpert Secures New Investor - Not Dead Yet!
20 Oct 2012, 09:42 UTC · By: Andrei Nedelea / After Artega and Melkus, Gumpert was the third small German sports car manufacturer to go down this year, as all three companies filed for bankruptcy. However, Gumpert has apparently managed to secu...
Battery Manufacturer A123 Systems Files for Bankruptcy
17 Oct 2012, 12:53 UTC · By: Andrei Nedelea / We were aware of the fact that things over at US battery manufacturer A123 Systems were not going too well, in recent months, and after recently announcing that they may not have enough money to fur...