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...
Ghosn Sticks with Nissan
12 May 2009, 14:54 UTC · By: Daniel Patrascu / After Nissan posted a $1.4 billion net loss for 2008, the company's CEO Carlos Ghosn stepped in and said he would not resign before the Japanese manufacturer gets back on track and returns to p...
Toyota Predicts Huge Loss in 2009
8 May 2009, 15:43 UTC · By: Daniel Patrascu / Toyota, the world's largest manufacturer, has revised its financial expectations for the current year and now braces for a $8.6 billion loss, coming from about 1 million less vehicles than init...
GM Feels the First Taste of Bankruptcy, Reports $6bn Loss
7 May 2009, 13:45 UTC · By: Bogdan Popa / It may seem like bankruptcy becomes inevitable for General Motors too as even the so-many anti-recession moves it applied in the United States prove to be useless. The American giant today announced...
Ludwig Willisch Takes Over BMW's European Sales Region
7 May 2009, 10:23 UTC · By: Daniel Patrascu / The former president of BMW's sports division, M, has been put in charge of the company's European sales region. This will make him responsible of all BMW and MINI sales in all European co...
Seppuku Warning: Honda Posts First Loss in 15 Years
29 Apr 2009, 10:58 UTC · By: Tudor Raiciu / This shouldn't be a consolation for Daimler AG who are these days learning the word “loss”, but Honda are likely to join them in the classroom. The Japanese yesterday announced ...
SAIC Posts 50 Percent Loss in Q1
28 Apr 2009, 15:42 UTC · By: Daniel Patrascu / Surprise, or no surprise? The long praised Chinese automotive industry seems to have nothing special to it, when compared with its foreign counterparts. Take SAIC, for instance. One of China's ...
Daimler Reaches Agreement with Its Employee Council
28 Apr 2009, 15:44 UTC · By: Daniel Patrascu / Following the release of the financial report for the first quarter of 2009, which indicated a total EBIT loss of 1,426 million euro, Daimler has turned to cost cutting measures to prevent another d...
Ford Reports First Quarter Results...
27 Apr 2009, 10:26 UTC · By: Daniel Patrascu / ... and, as expected, the word of the day is loss. Ford Motor Credit posted its first quarter 2009 preliminary financial report with a $13 million loss. While in the same period of 2008 the company ...
Toyota Braces for Bad 2009 Fiscal Year
13 Apr 2009, 14:40 UTC · By: Daniel Patrascu / As we reported late last week, Toyota's financial problems seem to have only begun. Faced with the biggest downfall in sales since 1950 for the fiscal year that ended in March, Toyota was force...