autoevolution

Stories about: global recession

Mercedes-Benz CEO Predicts Sales Growth
Mercedes-Benz CEO Predicts Sales Growth

11 Nov 2009, 08:57 UTC · By: Alex Vasile / Mercedes-Benz US suffered a 20 percent fall this year, but better times seem to be ahead, as they posted a 21.3 percent rise in US sales in October, making it the best month of the year so far. Merc...

 
Americans Keep their Cars Longer
Americans Keep their Cars Longer

24 Mar 2009, 11:32 UTC · By: Madalina Iancu / Apparently, the global recession is not only affecting the sales of new vehicles but also the sales of second-hand ones as well. Because Americans don't want to deepen in debts any longer they ...

 
Beckham's Luxury Cars Lose Value, Survey Shows
Beckham's Luxury Cars Lose Value, Survey Shows

23 Mar 2009, 07:26 UTC · By: Madalina Iancu / Contrary to what you would have probably imagined, some celebs' cars lost value after adding a few miles on the odometer. A survey of celebrity motorists by British rental company City Car C...

 
New 2010 Porsche 911 GT3 to Be Auctioned for Charity
New 2010 Porsche 911 GT3 to Be Auctioned for Charity

18 Mar 2009, 11:23 UTC · By: Madalina Iancu / Luxury car maker Porsche has teamed up with East Side House Settlement (ESH), an agency providing social services to help youngsters and their families in the South Bronx, to host the 10th Annual Ga...

 
Volkswagen Extends Marriage with Major League Soccer
Volkswagen Extends Marriage with Major League Soccer

17 Mar 2009, 15:30 UTC · By: Madalina Iancu / Everybody knows that Volkswagen builds fine cars but few are aware of the fact that the German automaker's American division supports soccer as well. Last year, Volkswagen of America concluded ...

 
Mazda Motor Europe Announces New CFO
Mazda Motor Europe Announces New CFO

16 Mar 2009, 13:36 UTC · By: Madalina Iancu / They might want to fool the media with well-thought excuses for changes in their upper management but this is starting to be a little bit ridiculous. Last week, they announced the appointment of ...

 
Rod Stewart's Lambo and Ferrari to Go under the Hammer
Rod Stewart's Lambo and Ferrari to Go under the Hammer

10 Mar 2009, 14:41 UTC · By: Madalina Iancu / We don't know whether Rod Stewart was affected by the global recession or not but we have just found that two of his most precious cars to be auctioned on Thursday by Coys in London. The fir...

 
Swedish Harbor Packed with Unsold Cars
Swedish Harbor Packed with Unsold Cars

5 Mar 2009, 15:56 UTC · By: Madalina Iancu / Apparently, the land is not enough for Toyota's unsold vehicles in Sweden... Because parking lots are packed with unsold cars at the Swedish Port of Malmoe, the Japanese car maker had to rent a...

 
Bentley Starts Making Furniture to Keep Its Skilled Workers
Bentley Starts Making Furniture to Keep Its Skilled Workers

5 Mar 2009, 09:07 UTC · By: Madalina Iancu / With the financial downturn knocking on car makers' doors, it's no surprise that many of them resort to unexpected solutions to cope with the problem. One of the weirdest solutions we&#...

 
Paris Hilton Wants Her Pink Bentley Encrusted with Diamonds
Paris Hilton Wants Her Pink Bentley Encrusted with Diamonds

5 Mar 2009, 08:25 UTC · By: Madalina Iancu / As if having a customized pink Bentley wasn't eccentric enough for Paris Hilton, it seems that the 27-year-old hotel heiress has another "brilliant" idea. According to The Sun, Par...

 
Banks Want Control on Schaeffler Group
Banks Want Control on Schaeffler Group

2 Mar 2009, 17:13 UTC · By: Madalina Iancu / It looks like the Schaeffler Group is really in big trouble right now. Reporting losses of up to 6 billion euros ($7.6 billion) in their balance sheet, the banks that financed the takeover of Contin...

 
The Bright Side of the Financial Dowturn: Less Traffic Congestion
The Bright Side of the Financial Dowturn: Less Traffic Congestion

26 Feb 2009, 13:44 UTC · By: Madalina Iancu / Hardly could we have imagined that the gloomy financial downturn has a bright side as well but, apparently, it does as it puts the brakes on traffic congestion. According to New York Times Blogs,...

 
Global Recession Strikes Exquisite Hollywood Parking Company
Global Recession Strikes Exquisite Hollywood Parking Company

25 Feb 2009, 09:14 UTC · By: Madalina Iancu / Apparently, the global recession did not hit only automakers but also unusual automotive-related areas like exquisite parking companies. Valet Girls was the first first all female parking company...

 
Koichi Suzuki to GMAC: "We Need Loans"
Koichi Suzuki to GMAC: "We Need Loans"

19 Feb 2009, 14:42 UTC · By: Madalina Iancu / In an automotive world badly hit by global recession, consumer loans are the only thing that Koichi Suzuki asks from GMAC. That's why, the American Suzuki's executive vice president of ...

 
Dealers Offer Massive Discounts for New Cars
Dealers Offer Massive Discounts for New Cars

17 Feb 2009, 17:12 UTC · By: Madalina Iancu / If you're thinking to buy a new car and spend less money on it, now it's the time to do it. Or at least this is what experts say as many new models are now offered at half price... Acco...

 
Mazda Rewards Canadian Graduates for "Casual Sex"
Mazda Rewards Canadian Graduates for "Casual Sex"

11 Feb 2009, 16:12 UTC · By: Madalina Iancu / In an effort to sell more cars during the global recession, Mazda is struggling to lure Canadian graduates with discounts in case they decide to buy a remaining model of the brand. Good for them ...