16 Feb 2009, 11:47 UTC · By: Bogdan Popa / The automotive industry, no matter if we're talking about the European, the North American or the Middle East markets, undoubtedly faced the most difficult times in history, with the recession ...
16 Feb 2009, 11:23 UTC · By: Bogdan Popa / While parent company Ford Motor Co. repeatedly said it doesn't need financial aid from the United States government, the lending division belonging to the automaker is still struggling to retur...
15 Feb 2009, 18:29 UTC · By: Bogdan Popa / BMW is introducing in the US a two payment program for vehicles financed through BMW Financial Services (up to $750 per month / $1,500 max). The program is available for 18 different BMW models and ...
15 Feb 2009, 18:15 UTC · By: Tudor Raiciu / With the sales forecasts out of way, the auto industry is slowly coming back to life. Some credit for this should go to the 2009 Chicago Auto Show and the 2009 Geneva Auto Show, as most new launches...
13 Feb 2009, 17:07 UTC · By: Bogdan Popa / Similar to various countries around the world, the Spanish government today agreed to provide 4 billion euros ($5.1 billion) to local automakers that may require financial aid following the massive ...
13 Feb 2009, 15:47 UTC · By: Bogdan Popa / Nissan and Chrysler yesterday announced that they decided to put on hold a joint venture to develop a small car and a full-size pickup to be sold in North America, citing the economic recession as t...
13 Feb 2009, 08:51 UTC · By: Bogdan Popa / And the story continues... Unfortunately for both automotive sector and for the North American industry, Toyota today confirmed a couple of new cost-cutting measure, pointing to the same over-discus...
12 Feb 2009, 16:42 UTC · By: Daniel Patrascu / Renault's financial performance in 2008 was, as expected due to the economic mayhem that ravages the automotive industry, very poor. The French company posted a total revenue figure for 2008 of...
12 Feb 2009, 15:56 UTC · By: Bogdan Popa / Even if it's fairly obvious that commercial vehicles are expected to bring lower sales during recession times, the truck division of Mercedes-Benz reached an all-time high in 2008, according to...
12 Feb 2009, 15:31 UTC · By: Bogdan Popa / With the recession still making victims among global automakers, more and more companies decide to ask for support from their local governments, explaining that financial aid is absolutely mandatory...
12 Feb 2009, 12:03 UTC · By: Bogdan Popa / What's the result of installing a Walkinshaw Performance 122 Supercharger on a Vauxhall VXR8? The correct answer would be a Vauxhall VXR8 Bathurst S Edition, as the British manufacturer has jus...
11 Feb 2009, 17:09 UTC · By: Daniel Patrascu / January 2009 brought a small victory in Ford's war against the economic crisis. Last month's figures indicate a 0.5 percent increase across Europe's 19 markets, bringing the total to ...
11 Feb 2009, 15:23 UTC · By: Bogdan Popa / Since the global credit crunch together with all its allies, and count here the global recession as a whole plus the continuously collapsing new car demand, brought the world's largest automake...
11 Feb 2009, 14:27 UTC · By: Bogdan Popa / Nissan has requested the United States government to provide financial support for its local operations in order to design new electric vehicles along with the batteries needed to power them. Even t...
11 Feb 2009, 13:26 UTC · By: Bogdan Popa / We all knew 2008 was a difficult year, particularly in the end when the economic recession started slashing sales, workforce and profits of automakers all over the world. The PSA Peugeot Citroen gro...
11 Feb 2009, 11:53 UTC · By: Bogdan Popa / Despite extremely difficult market conditions, especially during the third and the fourth quarter of the year, Mercedes' vans brought pretty high sales all over the world in 2008, with the Spri...
11 Feb 2009, 11:22 UTC · By: Daniel Patrascu / The Audi Tradition annual program will be centered this year around the 100th anniversary of the German car manufacturer. To rise to the occasion and perhaps forget about the economic crisis, Audi ...
10 Feb 2009, 15:18 UTC · By: Bogdan Popa / General Motors today announced that it decided to reduce salaried employment globally by 10,000 workers to 63,000 by the end of the year as part of the company's plans to cut costs and countera...
10 Feb 2009, 14:09 UTC · By: Bogdan Popa / Electric cars and hybrids are undoubtedly extremely important nowadays, as they are often regarded as the only way to get out of the economic crisis and remain in business. But sometimes, electric c...
10 Feb 2009, 13:37 UTC · By: Madalina Iancu / It is already known that PSA/Peugeot-Citroen is facing serious problems in the light of the economic crisis despite the loan they received from the government. More sadly, neither 2009 nor 2010 sale...