Chrysler Raises the Money to Repay Government Loans
20 May 2011, 09:24 UTC · By: Daniel Patrascu / At the end of April, American manufacturer Chrysler announced that it has managed to secure new term loan facility that, combined with the money to be paid by Fiat in exchange for an increase of its...
Alonso Turns Down PM Role in Montezemolo Government
13 Apr 2011, 11:21 UTC · By: Ovidiu Panzariu / Fernando Alonso piggybacked on the joke made earlier this week by Ferrari's president Luca di Montezemolo, according to which he would be top of the list for the PM position should the Italian ...
Catalunya Government Cannot Guarantee F1 Race
21 Feb 2011, 08:25 UTC · By: Ovidiu Panzariu / After Australia, another highly-appreciated Formula 1 Grand Prix is on the verge of losing its place in the series' calendar. According to a recent report in Spain, Catalonian officials can onl...
Government Buys BMW 7 Series, Creates Public Outrage
16 Feb 2011, 11:50 UTC · By: Bogdan Popa / Many believe the recession has passed, but most are still tightening their belts, regardless if we're talking about the automotive sector or any other segment of the industry. So what the New Z...
Perodua and Proton Will Not Be Forced to Merge
26 Jan 2011, 10:38 UTC · By: Mihnea Radu / Proton has been interested in a merger with Perodua, but the management there has not been receptive. In addition to that, the Malaysian Minister of International Trade and Industry, Datuk Seri Must...
China's Against Hybrids
9 Nov 2010, 09:59 UTC · By: Bogdan Popa / There's no doubt China is one of the largest auto markets even during recession times and carmakers rushed to move their operations there in an effort to take the lion's share in a very cr...
Automakers Want EV Taxation Issues Resolved
17 Mar 2010, 11:03 UTC · By: Alex Vasile / Automakers say that one of the most important issues regarding the electric car industry is the level of potential taxation for the energy used to power the EVs. Car manufacturers insist that govern...
Russian Government to Downsize Help For Auto Industry
13 Mar 2010, 07:33 UTC · By: Alex Vasile / It seems that the Russian car market will not be relaunched as expected. According to just-auto.com, the Russian government may reduce its plans to invest 180 billion roubles ($6.12 billion) by 2020...
GM on Track to Pay Govt. Loans Before June
11 Mar 2010, 10:32 UTC · By: Bogdan Popa / One of the most important tasks for General Motors is now to pay back the government loans it received in both the United States and Canada, while forcing to re-become competitive and refresh the pr...
Toyota Says Taxpayer Dollars Are Used Against It by GM
10 Mar 2010, 10:26 UTC · By: Alex Vasile / As you might remember, a while ago General Motors, Toyota’s old partner from NUMMI, decided to kick the Japanese while they were down and offer incentives to all Toyota and Lexus owners in the...
Peugeot Sales Up in the UK
5 Mar 2010, 10:58 UTC · By: Alex Vasile / Peugeot reached an unbelievable sales rise in the United Kingdom. The French automaker managed to get its sales up 70.8% with the help of the extended scrappage scheme. As everybody is downsizing...
Russian Government to Discuss Strategy for the Auto Industry
4 Mar 2010, 16:03 UTC · By: Alex Vasile / The Russian car market has been seriously affected by the recession. What was once one of the fastest growing car markets in the world dropped fast. Russia’s automotive market has contracted b...
Lopez to Sign Campos Deal in 24 Hours
24 Feb 2010, 08:20 UTC · By: Ovidiu Panzariu / Although US Grand Prix Engineering is on the verge of collapse prior to the season opening Bahrain Grand Prix next month, that doesn't mean Argentine driver Jose Maria Lopez has to be in the sa...
Yas Marina Circuit Sold to the Abu Dhabi Government
17 Feb 2010, 13:47 UTC · By: Ovidiu Panzariu / The 2009 Abu Dhabi Grand Prix might have recorded the huge success everyone was expecting in terms of global audience – despite the title fight for both drivers and manufacturers crown being o...
Italian Car Sales to Drop as Incentives Not Extended
12 Feb 2010, 10:54 UTC · By: Alex Vasile / Last year’s car sales were helped by government’s decision to provide car incentives. Though the scrappage schemes around the world offered different cash amounts to the customers that w...
Toyota Refused Government Prius Award
11 Feb 2010, 08:26 UTC · By: Alex Vasile / Toyota is in a lot of trouble caused by the vast recall of more than 8 million cars worldwide whose accelerator pedals are in need of immediate attention. The Japanese are concerned with clients los...
Ecclestone Reveals Government Support for Stefan GP
8 Feb 2010, 10:19 UTC · By: Ovidiu Panzariu / The fact that Bernie Ecclestone is strongly supporting the candidature of Stefan Grand Prix for a place on the 2010 Formula One entry list is no news to anyone. He admitted to this plenty of times b...
Renault Will Keep the French Scrappage Incentive Intact
4 Jan 2010, 14:41 UTC · By: Alex Vasile / Auto sales in 2010 could be a lot worse than in 2009, as most of the sales from last year were supported by scrappage incentives. A decision from different governments to stop offering the scrappage...
Australian GP Lacks F1 Sponsor for 2010 Event
29 Dec 2009, 09:38 UTC · By: Ovidiu Panzariu / The 2009 Australian Grand Prix was a success from a sporting standpoint, as it set the base to Brawn GP's domination in the Formula One Championship against big guns like Ferrari and McLaren. H...
GM CFO Salary Exceeds Government Limit
28 Dec 2009, 11:18 UTC · By: Alex Vasile / General Motors will have a new CFO starting January 1, 2010, so financial issues needed to be worked out by the end of this year. GM’s new chief financial officer will have a salary of $750,00...