Jaguar Reportedly Cancels Orders, Closes Dealerships and My Jaguar Portal, What's Next?
12 Mar 2024, 18:15 UTC · By: Cristian Agatie / Iconic British luxury brand Jaguar appears to live its last moments, as customers report canceled orders and dealerships are left to starve
Ford Overhauls Its Supply Chain Following Appalling Q3 Results That Crashed Its Stock
23 Sep 2022, 14:55 UTC · By: Cristian Agatie / Ford Q3 guidance released this week shocked investors with a $1 billion hit from supplier costs. Now, the company wants to overhaul supply chain operations
Opel Strikes Deal with Unions at Bochum
1 Jun 2011, 11:08 UTC · By: Daniel Patrascu / Having been a reason for a lot of headaches for the management of German manufacturer Opel, the Bochum plant is now on track of re-becoming a major production hub for the car maker. Opel announced o...
BMW Celebrates 50 Years of Independence
29 Nov 2010, 15:20 UTC · By: Daniel Patrascu / Not many of us remember that one of the most successful carmakers of modern times, the Germans from BMW, were once in pretty much the same tough spot Chrysler and GM were last year. In 1960, on ...
Magna Restructuring Survives Appeal
31 Aug 2010, 14:51 UTC · By: Daniel Patrascu / After earlier this month the Ontario Superior Court approved Magna's proposed plan to eliminate the current dual class share structure, the plan was reconfirmed by an appeal court, which denied...
Harley-Davidson Appoints New GM for York Plant
10 Dec 2009, 13:12 UTC · By: Alina Dumitrache / After announcing earlier this week it will keep its motorcycle operations in York, Pennsylvania, as well as plans to restructure those operations too, Harley-Davidson has also named a new general ma...
Fiat to Show Plans for Italy
28 Nov 2009, 09:08 UTC · By: Alex Vasile / Sergio Marchionne, CEO of carmakers Fiat and Chrysler Group, will present the Italian government a restructuring plan of the production in Italy, in an attempt to secure tax breaks for new cars. The...
Court Approves Visteon $150M Restructuring
13 Nov 2009, 14:52 UTC · By: Daniel Patrascu / Bankrupt American supplier Visteon announced today it has received court approval for a $150 million worth of deals which will allow it to restructure its operations and get financing for its reorga...
AvtoVAZ to Kill 27,600 Jobs
24 Sep 2009, 10:14 UTC · By: Daniel Patrascu / The largest Russian car manufacturer, AvtoVAZ, announced today it plans to cut about a quarter of its workforce in an effort to compensate for the severe drop in sales it is experiencing with its L...
Chrysler Workers Afraid of Marchionne Restructuring
28 Aug 2009, 15:01 UTC · By: Bogdan Popa / With Marchionne now serving as CEO of the new Chrysler, employees working for the former bankrupt automaker are afraid that the Italian might discontinue some models or come with a restructuring pla...
Ari Vatanen Presents Election Agenda to the FIA
21 Aug 2009, 13:30 UTC · By: Ovidiu Panzariu / More than a week after Jean Todt presented his manifesto for the FIA presidency, rival candidate Ari Vatanen also sent a letter to all the members of the International Automobile Federation (FIA) ex...
Valeo Management Appointments Announced
17 Aug 2009, 10:08 UTC · By: Daniel Patrascu / French supplier Valeo announced yesterday the changes it has made to its top management, as part of the reorganization of its business group. According to Valeo, the new management structure is simp...
SsangYong May Lose State Support
21 Jul 2009, 12:52 UTC · By: Daniel Patrascu / While South Korean police are engaged in a standoff with some 800 of its workers, SsangYong's financial problems threaten to worsen. Yesterday, the Seoul Central District Court, which supervise...
GM Asks Court to Kill 70 Dealerships
8 Jul 2009, 06:45 UTC · By: Daniel Patrascu / Close to completing the sale of its assets to the General Motors Company, the American manufacturer has yesterday asked the bankruptcy court to cancel 70 dealers' contracts. In all, by 2010, th...
Chrysler Financial to Fire 350
1 Jul 2009, 10:39 UTC · By: Daniel Patrascu / As a result of the still declining vehicle sales, as well as of the shifting of Chrysler Group's subvented retail business to GMAC, Chrysler Financial announced yesterday it will begin a major ...
GM Ends Dealership Restructuring
19 Jun 2009, 13:40 UTC · By: Daniel Patrascu / Bankrupt American manufacturer GM announced yesterday it has completed the restructuring process of its dealership network. According to the company, only 30 of its dealers have declined to sign agr...
Toyota, Massive Restructuring
17 May 2009, 20:43 UTC · By: Daniel Patrascu / Japanese manufacturer Toyota is setting the scene for the biggest, most extensive changes in its top management ever made by the company. Akio Toyoda, grandson of the Japanese manufacturer’s ...
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 ...
GM to Close 1,700 Dealerships by June 1st
16 Apr 2009, 08:09 UTC · By: Daniel Patrascu / The inevitable June the 1st deadline, as well as the "under the table" talks of Chapter 11, had the effect the US government both hoped for and expected: GM throttles up restructuring. The...
Daimler's Restructuring Plan
8 Apr 2009, 09:36 UTC · By: Daniel Patrascu / As is the case with all automotive manufacturers in these troubled times, Daimler is taking the necessary steps to safely come out of the economic Valley of Death. But unlike most of the others, who...