VW Group Makes Changes to Management Team
23 Dec 2009, 08:06 UTC · By: Alina Dumitrache / The North American division of Volkswagen recently announced it has appointed two new vice presidents for the group and brand communications as well as for government relations. Anna-Maria Schneider...
Sweden Has No Intention to Save Saab
21 Dec 2009, 09:17 UTC · By: Bogdan Popa / Although Spyker has already confirmed that it recently submitted a revised bid for taking over Saab, the Swedish unit is still at risk as General Motors is now taking the necessary steps to wind dow...
China Car Sales Explode in October
10 Nov 2009, 08:02 UTC · By: Alex Vasile / Chinese car sales in October have grown to a total of 1.23 million units, 72.5 percent more than the same period last year, according to the data provided by the China Association of Automobile Manu...
GM's Ace Up Its Sleeve: Less Government Support
9 Nov 2009, 09:12 UTC · By: Bogdan Popa / Back in the summer, when General Motors was deeply involved in Opel sale talks with Magna International and RHJ International, the US-based manufacturer backed the latter because it involved less go...
No Need for More Govt Money, Says GM CEO
3 Nov 2009, 11:27 UTC · By: Bogdan Popa / GM's CEO Fritz Henderson says the US-based manufacturer doesn't need more money from the government of the United States as the initial loan packages are sufficient for restructuring. In a...
Russia Confirms/Denies 21,000 AvtoVAZ Job Cuts
28 Oct 2009, 14:21 UTC · By: Daniel Patrascu / The Russian government denied any decision being taken in favor of AvtoVAZ's plan to cut no less than 21,000 jobs in the following years, as an earlier Vedomosti business daily report claimed. ...
UK Parliament to Celebrate Button, Brawn GP F1 Titles
21 Oct 2009, 12:29 UTC · By: Ovidiu Panzariu / The British Parliament will likely pick a date to celebrate the incredible performance recorded by 29-year old Jenson Button and Brackley-based Brawn GP outfit, namely the conquering of both the dri...
GM to Pay Dealers for CARS Rebates
20 Aug 2009, 14:05 UTC · By: Daniel Patrascu / American manufacturer GM decided to step in and lend a hand to dealers upset about the hiccups in the Car Allowance Rebate System reimbursements. Perhaps trying to make it up to dealers for the trou...
Wanted: SsangYong Investors
12 Aug 2009, 12:36 UTC · By: Bogdan Popa / The war has ended but the suffering continues for SsangYong, who's now seeking new investors that could keep the company on the floating line. News that the government will not provide direct a...
South Korean Government Aids Ssangyong in Finding Investors
11 Aug 2009, 15:08 UTC · By: Alexandru Radu Chis / After the recent strike that spanned 77 days, the South Korean car maker resumed production today. Ssangyong is still in a difficult financial situation and tries to find investors as soon as possib...
Toyota Says No to US Government Funds
10 Aug 2009, 18:00 UTC · By: Bogdan Popa / Japanese manufacturer Toyota says it doesn't need support from the United States government to build electric vehicles or batteries in the country. The reason? The company doesn't intend t...
US Government Still Focused on Car Parts Business
22 Jul 2009, 15:08 UTC · By: Bogdan Popa / As we all know, the United States auto sector is one of the most damaged industries when it comes to the economic chaos, with two giants, General Motors and Chrysler forced to file for bankruptcy. A...
Former GM CEO Wagoner Departs with $8.6 Million
15 Jul 2009, 08:51 UTC · By: Alexandru Radu Chis / Before being removed from the position of CEO by the new White House GM restructuring plan (a move which we can't accept he didn't 'foresee') Rick Wagoner appointed Bob Lutz as V...
US to Buy 17,000 Cars and Trucks
25 Jun 2009, 08:50 UTC · By: Daniel Patrascu / There's nothing more reassuring than to see your own government give its best to save your bankruptcy sinking business. At least this is what the former Detroit Three must think. After the US h...
How the Clean Three Plans to Spend US' Money
24 Jun 2009, 07:38 UTC · By: Bogdan Popa / Just as we told you earlier today, the Clean Three (Ford, Nissan and Tesla Motors) received a $8 billion loan from the United States Department of Energy that will help them continue development of ...
Iacocca: GM and Chrysler Must Get Rid of the Government Fast!
23 Jun 2009, 10:40 UTC · By: Bogdan Popa / General Motors and Chrysler, two of the largest car manufacturers in the United States, must get the government out of their businesses fast and run as independent companies. Speaking at the launch ...
FIA Surprised by ACEA Stand
16 Jun 2009, 07:11 UTC · By: Ovidiu Panzariu / The International Automobile Federation (FIA) issued a quick response to the statement released by the European car manufacturers' association ACEA last week, by which the European body asks f...
Chinese Government Bought 20% of Local Audis in 2008
15 Jun 2009, 10:41 UTC · By: Bogdan Popa / There's no doubt the Chinese government is a large organization since we're talking about a country in which the population exceed 1 billion people. But the government is apparently spendi...
Government to Meet with Marchionne on Chrysler Deal
12 Jun 2009, 14:04 UTC · By: Bogdan Popa / While the Fiat - Chrysler deal surely made some people feel a relief, it also raised concerns among Italian workers who now see their jobs threatened by reduced labor costs overseas. The Italian gov...
GM Granted $70 Million Loan in Argentina
5 Jun 2009, 13:41 UTC · By: Bogdan Popa / Living under bankruptcy protection in the United States, General Motors continues restructuring all over the world, with governments asked to provide financial support as soon as possible. Argentina...