Ford Announces WRC Withdrawal
16 Oct 2012, 09:53 UTC · By: Andrei Nedelea / Ford has officially confirmed that it will be pulling out of the World Rally Championship, at the end of the current season in progress. Again, it is the poor economic climate which is dominating Eu...
A123 Systems In Trouble Again
16 Oct 2012, 08:39 UTC · By: Andrei Nedelea / Battery manufacturer A123 Systems has recently announced that it may run out of money soon, and that bankruptcy may be be the only solution, following a period of financial uncertainty. "The...
Volvo to Stop Production for a Week Due to Low European Demand
15 Oct 2012, 14:30 UTC · By: Andrei Nedelea / Volvo officials have just announced that they will be ceasing car production for a whole week, due to the low demand on the European market, and in order to prevent excessive dealer stockpiling. The...
Vauxhall-Opel May Merge With PSA
15 Oct 2012, 08:36 UTC · By: Andrei Nedelea / As if the creation of PSA wasn’t enough to rob both Peugeot and Citroen of all-but the last bit of French charm, there are dark times ahead for both brands, and the group as a whole. According...
Lotus Indebted to Suppliers - Owes Them Nearly €28-Million
10 Oct 2012, 13:59 UTC · By: Andrei Nedelea / Things over at Lotus don’t seem to be going very well, according to The Independent, as the famed British automaker reportedly owes some €28- ($37-) million to parts suppliers. They have ...
Critical Gas Prices - Italians Paying Over €2 Per Liter!
7 Sep 2012, 11:29 UTC · By: Andrei Nedelea / Things are getting really out of hand with gasoline and diesel prices in Europe. Italy is currently at the very forefront of this rather negative trend, with gasoline now over the €2 per liter ...
Fiat Doing Surprisingly Well in 2012 - May Reach Financial Stability by 2014
27 Jul 2012, 11:50 UTC · By: Andrei Nedelea / Despite a less-than-cheerful European performance, Fiat is actually not doing that badly. According to autoedizione.com, thanks to their South American and US efforts, Fiat are actually making money...
Lincoln Launches Automotive Financial Services
7 Nov 2011, 17:03 UTC · By: Andrei Tutu / Ford is making efforts to increase sales of its Lincoln brand, with the latest move dedicated to this being the recent introduction of the Lincoln Automotive Financial Services, which will support t...
Chrysler Financial Results Reveal $652M Loss in 2010
31 Jan 2011, 13:34 UTC · By: Daniel Patrascu / Just as expected, the financial results for 2010 posted today by American auto maker Chrysler revealed a loss for the company, even if, overall, it was a smaller one than anticipated. The manufactur...
Ford Reports Highest Net Income in 10 Years
28 Jan 2011, 12:56 UTC · By: Daniel Patrascu / Just as analysts were expecting, the financial figures posted today by American manufacturer Ford made a lot of champagne bottles pop in the Dearborn headquarters. Ford posted on Friday the highest ...
Harley Davidson Reports Improvement for 2010
26 Jan 2011, 10:05 UTC · By: Alina Dumitrache / Things seem to have entered the straight road for American motorcycle manufacturer Harley-Davidson, as the company has recently revealed its full year results for 2010, posting broad improvements. S...
Acura Posts Double-Digit Sales Increase
2 Dec 2010, 15:30 UTC · By: Andrei Costea / Acura has posted its financial results in the US market for November 2010, with a strong increase of 17.1 per cent year-on-year to 10,718 units. Its sales for the first 11 months of the year also in...
Toyota Reports First Half Fiscal Year 2011 Financial Results
10 Nov 2010, 17:02 UTC · By: Andrei Costea / Toyota Motor Corporation issued a press release today announcing the financial results for the first half of the 2011 fiscal year. Net revenues totaled 9,678.4 yen (US $117.4 billion), an increase o...
GM Posts Q3 Financial Results Ahead of IPO
10 Nov 2010, 14:26 UTC · By: Andrei Costea / GM has announced third quarter financial results today, a week before it will ask potential investors for a vote of confidence in the amount of US $13 billion to fund its return to public trading. ...
Tesla Motors Posts Q3 Loss
10 Nov 2010, 11:41 UTC · By: Andrei Costea / Tesla Motors reported its third quarter unaudited financial results yesterday. Revenues for the quarter that ended September 30, 2010 were US $31.2 million, up 10% from the previous quarter's r...
Volvo Reports Profit for Q3
29 Oct 2010, 18:57 UTC · By: Daniel Patrascu / Things seem to be moving in the right direction for the Chinese-owned Swedish manufacturer Volvo, who posted today its financial results for the third quarter of the year. Being at the same time the...
Ford Posts Q3 Financial Results
26 Oct 2010, 12:36 UTC · By: Daniel Patrascu / American manufacturer Ford is continuing to recover following the financial battles it had to wage in recent years to avoid a fate similar to that of GM and Chrysler and announced its financial resu...
Apple iPad 3G For All US Mercedes-Benz Dealers
5 Oct 2010, 10:48 UTC · By: Alina Dumitrache / Apple’s new iPad continues to be the weapon of choice for many companies, and the automotive industry has its own share in the game. Mercedes-Benz Financial announced today it is distributing...
Nissan Financial Services Gets Funding
22 Mar 2010, 10:45 UTC · By: Alex Vasile / The recession has put automakers in a difficult position, as banks refused to finance new-car sales. So the car manufacturers were forced to find a solution to the problem on their own if they wante...
Navistar Signs Agreement with GE Capital
11 Mar 2010, 09:04 UTC · By: Alex Vasile / Navistar International Corporation, a leading global manufacturer of trucks, buses and diesel engines, has just announced it signed an agreement with GE Capital, which will become Navistar’s p...