10 Feb 2009, 11:07 UTC · By: Bogdan Popa / The United States government is willing to provide even more financial support to struggling domestic automakers, including General Motors and Chrysler, a White House official said yesterday. Howeve...
10 Feb 2009, 09:08 UTC · By: Bogdan Popa / With only a few days left until the February 17 deadline, when both General Motors and Chrysler must submit their viability plans to the United States government, GM is still unsure whether to conti...
10 Feb 2009, 08:26 UTC · By: Bogdan Popa / Following the recent announcement that the French government will provide a 3 billion euro loan to the domestic struggling automakers, Renault officials came out and applauded the decision, explaini...
9 Feb 2009, 16:28 UTC · By: Alex Oagana / The Big Three automotive soap opera appeared to reach a happier-than-expected finale in mid-December, when General Motors and Chrysler LLC received a $17.4 billion low-interest loan from the United ...
9 Feb 2009, 11:59 UTC · By: Daniel Patrascu / The $2.9 billion dollars annual loss forecasted by Nissan Motor has forced the company to consider reducing its employment scheme by 20,000 people worldwide by the end of March. The number represent...
8 Feb 2009, 18:29 UTC · By: Tudor Raiciu / If you’ve been reading our news reports, you should know that this week has been mostly about bleak sales forecasts and such. We won’t go through every manufacturer affected by the crisi...
7 Feb 2009, 14:31 UTC · By: Daniel Patrascu / The March 31st deadline has apparently pushed GM into a money saving frenzy. In their attempts to raise more money and create a more feasible plan for survival, it would appear that the company is p...
6 Feb 2009, 14:46 UTC · By: Bogdan Popa / Recently crowned the world's number one automaker, problems are far from being over for Toyota as the Japanese company continues to fight against the economic downturn with all kinds of cost-cu...
6 Feb 2009, 14:06 UTC · By: Bogdan Popa / Ford has just announced that it plans to cut around 850 jobs in the United Kingdom due to collapsing sales and decreasing demand, the main factors that pushed global automakers to similar decisions....
6 Feb 2009, 10:15 UTC · By: Bogdan Popa / In a desperate move to meet the February target of 78,000 vehicles, Chrysler is extending the last day for dealers to place new cars orders to Monday, The Detroit News wrote today quoting vice chair...
5 Feb 2009, 14:29 UTC · By: Bogdan Popa / As part of its restructuring campaign, General Motors aims to reorganize its marketing, sales and aftersales divisions belonging to the European brands it currently owns. Brent Dewar, GM Europe'...
5 Feb 2009, 11:39 UTC · By: Bogdan Popa / Italy's aiding package for the domestic struggling automakers will be announced on Friday, Prime Minister Silvio Berlusconi said yesterday but refused to provide more details about included sum...
5 Feb 2009, 11:00 UTC · By: Bogdan Popa / There's no wonder that automakers announce the lowest sales in the history but it's simply sad to see all the large companies we used to see praising models and revenues crying for governm...
5 Feb 2009, 09:56 UTC · By: Bogdan Popa / French manufacturer Renault today agreed to maintain operations in the local market, despite the high cost it has to pay compared to factories in other regions of the world. French President Nicolas...
5 Feb 2009, 09:18 UTC · By: Bogdan Popa / Despite the fact that poor sales results are a common thing nowadays, taking into account the consequences of the economic crisis, it may seem like some automakers, or at least certain divisions, ha...
4 Feb 2009, 16:47 UTC · By: Bogdan Popa / Just like many other automakers, Fiat is now planning to temporarily suspend its biggest Italian production facility in Mirafiori due to falling new car demand, Autonews informed today. But more imp...
4 Feb 2009, 14:07 UTC · By: Bogdan Popa / January represented a very disappointing month for several automakers when it comes to their sales, especially in North America, often referred to as the most recession-damaged market in the whole w...
4 Feb 2009, 11:32 UTC · By: Bogdan Popa / Japanese automaker Honda today announced the January 2009 American sales, unveiling a decline of 30.7 percent compared to the same month of 2008. But more importantly, Honda officials admitted the a...
4 Feb 2009, 10:34 UTC · By: Bogdan Popa / Since we know it's fairly difficult to improve your sales during recession times, poor sales for Acura should not amaze us. But even if the company recorded a 32.4 percent drop in sales in Janu...
4 Feb 2009, 09:07 UTC · By: Madalina Iancu / With the economic crisis knocking on the door, there is a lot of pressure over automakers' executives and to be honest, not many people would like to be in their shoes at the moment. Ther...