Ford in Good Shape Despite Crisis
18 Jun 2009, 08:05 UTC · By: Bogdan Popa / Ford, the sole survivor of the Detroit Three, is actually in good shape at this point, in spite of the economic recession which is still putting pressure on the shoulders of American manufacturers. ...
Magna Says It Won't Mix Parts and Cars Businesses
17 Jun 2009, 14:01 UTC · By: Bogdan Popa / Magna International, the new Opel owner as some reports are indicating - in spite of official statements that the German government is still taking with other investors - says it does not intend to ...
Lamborghini Expects No Recovery Until 2011
11 Jun 2009, 09:04 UTC · By: Bogdan Popa / Even if some automakers are already seeing the first signs of recovery, others are still fighting with the economic recession. Lamborghini, the luxury sports carmaker which reported positive results...
Chrysler Sets New 2009 Sales Record in May
3 Jun 2009, 09:49 UTC · By: Bogdan Popa / After General Motors already announced that May was the best month so far in 2009, Chrysler today reveals the same thing, revealing the high sales figures it recorded last month. It may seems like b...
May, GM's Best Month in 2009
3 Jun 2009, 08:56 UTC · By: Bogdan Popa / Although May was surely one of the difficult months in GM's history, with bankruptcy threats all around, the American manufacturer actually did pretty well in terms of sales. The company says M...
Rolls-Royce Eyes Triple Sales Next Year
29 May 2009, 09:51 UTC · By: Bogdan Popa / The economic turmoil has surely destroyed lots of automakers - General Motors and Chrysler are the two most obvious examples - but Rolls Royce is one lucky company that stays out of trouble. Wonderi...
One in Five Cars to Be a Hybrid by 2020
28 May 2009, 09:47 UTC · By: Bogdan Popa / At least, this is what the auto analysts over at JPMorgan predicted. According to a recent study they rolled out, the global market for hybrid vehicles is going to explode in the next few years, as ...
Magna Could Use Opel to Build Cars for Peugeot, Ford
18 May 2009, 07:27 UTC · By: Bogdan Popa / Magna International, one of the interested parties to purchase the German manufacturer Opel, said it could use the ailing automaker to produce cars for other brands, including Ford and Peugeot. The ...
Kia Expects for 2009 at Least the Same Sales as in 2008
13 May 2009, 10:42 UTC · By: Bogdan Popa / 2008 was the first year that felt the pressure of the economic recession, with automakers reporting good sales in the first half and very poor figures in the second. This obviously resulted in disap...
Mazda Reports $734M Net Loss in 2008
12 May 2009, 08:40 UTC · By: Bogdan Popa / Operating losses and reduced sales shouldn't surprise anybody nowadays, especially given the avalanche of reports surrounding the economic chaos and its victims. Mazda for instance today announ...
Spain's Support? Not Enough, Says Citroen
7 May 2009, 13:12 UTC · By: Bogdan Popa / Citroen Managing Director Jean-Marc Gales calls for more support in Spain because the local government hasn't done enough to help automakers tackle the economic chaos. The statement was made du...
Chrysler's 2010 and 2011 Models in Doubt Due to Chapter 11
5 May 2009, 12:36 UTC · By: Bogdan Popa / Chrysler's recently-confirmed filing for Chapter 11 might also influence the company's short-term plans as 2010 and 2011 models might be delayed, Chrysler manufacturing chief Frank Ewasysh...
The Emir of Qatar Eyes Porsche Stake
27 Apr 2009, 15:02 UTC · By: Bogdan Popa / After several media reports hinted that certain parties based in Qatar might be interested in investing in the German auto industry, an article published by German magazine Focus claims the Emir of ...
Asian Automakers Eying Production Plants in Morocco
22 Apr 2009, 10:55 UTC · By: Bogdan Popa / Chinese automakers are basically the only players in the automotive industry who are continuously seeking to expand their operations, despite the difficult conditions everyone else is currently expe...
Harley-Davidson Reports Slow Sales, Announces Job Cuts
16 Apr 2009, 14:12 UTC · By: Bogdan Popa / The motorcycle industry is going down as well, despite that related economic reports make the headlines only once in a while. Harley Davidson for example today announced its first quarter 2009 resul...
The Auto Sector Must Make Sacrifices, Says White House Administration
31 Mar 2009, 09:18 UTC · By: Bogdan Popa / Following President's Obama efforts to help the automotive industry and ailing automakers get back on track, White House spokeswoman Nancy Pelosi issued a statement, emphasizing that she fully ...
Brembo Still in Trouble, Prepares Dividend Cut to Cope with the Crisis
20 Mar 2009, 08:37 UTC · By: Bogdan Popa / Italian brake systems manufacturer Brembo is also experiencing difficult times due to the economic turmoil so it will propose to shareholders a 19.6 percent slash to the dividend. The company's...
US Gives $5 Billion to Auto Suppliers
19 Mar 2009, 17:19 UTC · By: Daniel Patrascu / The other side of the coin most seem to have neglected in the automotive industry drama is the story of the auto parts suppliers. The Obama administration has taken note of this fact and will provid...
Chrysler to Run Out of Cash by March 31
19 Mar 2009, 11:40 UTC · By: Bogdan Popa / American automaker Chrysler says it has enough money to survive through the end of March as the company has reduced costs in every single area and is spending money slower than it did in the previou...
Toyota Idles Russian Operations Due to Falling Demand
17 Mar 2009, 14:57 UTC · By: Bogdan Popa / Toyota today announced that it will temporary suspend operations at its Russian production facility between March 30 and April 6, citing the over-discussed economic recession and the falling demand ...