28 Jan 2009, 08:56 UTC · By: Bogdan Popa / The United Kingdom government today announced it will provide up to 2.3 billion pounds ($3.25 billion) to domestic struggling automakers in order to prevent job cuts and reorganize their production ...
28 Jan 2009, 08:28 UTC · By: Daniel Patrascu / General Motors will cutback the workdays at its Shushary flexible assembly plant, near St. Petersburg, Russia, for “a few months”, as Sergei Lepnukhov, company's spokesman said. The...
27 Jan 2009, 18:42 UTC · By: Daniel Patrascu / The economic crisis that started last year had still has a big impact on us all. The automotive industry in particular saw all of their forecasts turned upside down, their investment plans stopped a...
27 Jan 2009, 16:26 UTC · By: Bogdan Popa / Since the economic recession slashed their sales too, reconsidering their short-term strategy seems to be a good idea for Infiniti. And in case the new plan also includes a hybrid, thing are going t...
27 Jan 2009, 14:29 UTC · By: Bogdan Popa / Speaking to journalists attending a meetinng of Unione Industriale, Fiat CEO Sergio Marchionne emphasized the need for government help, explaining that the Italian auto industry could easily collaps...
27 Jan 2009, 11:34 UTC · By: Bogdan Popa / General Motors has just confirmed that it plans to cut approximately 2,000 jobs at two plants, adding that the company also intends to idle several plants in the United States. Basically, the Americ...
27 Jan 2009, 11:20 UTC · By: Bogdan Popa / Unfortunately for the automotive industry, the fight against the economic recession continues with even more cost-cutting measures. This time the anti-recession move concerns Honda, the Japanese aut...
27 Jan 2009, 08:12 UTC · By: Bogdan Popa / Honda today confirmed that its successful S2000 model will be discontinued at the end of the year, with the Japanese automaker insisting that although it was initially supposed to represent a limite...
27 Jan 2009, 07:52 UTC · By: Ovidiu Panzariu / Apart from teams finding it very hard to maintain or get sponsorship for the upcoming season, the NASCAR series is nowadays confronting with another series of financial setbacks. According to a repo...
26 Jan 2009, 14:05 UTC · By: Bogdan Popa / Two of the struggling American automakers, General Motors and Chrysler, urged their United States dealerships to order as many cars and trucks as possible in the next two months in order to help the...
26 Jan 2009, 13:30 UTC · By: Ovidiu Panzariu / Frank Williams admitted that the latest cost-cutting plan introduced by the FIA – and backed by Formula One Teams Association (FOTA) – for Formula 1 had a life-saving effect for his team...
26 Jan 2009, 11:11 UTC · By: Bogdan Popa / Even though the whole automotive industry struggles to counteract the global recession with all kinds of cost-cutting measures, Ford Motor Co says it still doesn't need financial support from t...
26 Jan 2009, 09:37 UTC · By: Bogdan Popa / Luxury car manufacturer Bentley today announced that it will halt production of its Crewe facility for six or seven weeks, obviously due to the continuously decreasing demand in most markets across ...
26 Jan 2009, 08:30 UTC · By: Bogdan Popa / Despite the fact that it repeatedly said the company does not need financial support from the United States government, Ford is clearly experiencing the same economical problems as the other two str...
25 Jan 2009, 10:51 UTC · By: Bogdan Popa / Even though there were rarely dotted with new Formula 1 car launches, the last seven days were mainly focused on general automotive reports, just like it happened the week before. Despite the fact t...
23 Jan 2009, 16:07 UTC · By: Bogdan Popa / We all know the whole automotive industry is now under heavy pressure and, unfortunately, Audi is no exception to this rule. As part of its anti-recession plan, Audi today announced it will idle its...
23 Jan 2009, 15:35 UTC · By: Bogdan Popa / After reporting that the financial year ending in March may bring the first ever operating loss, Toyota is getting ready for even tougher times. The Japanese carmaker is considering a 1,000 full-tim...
23 Jan 2009, 15:06 UTC · By: Madalina Iancu / You probably remember the news with the Chechen Republic's president and his one million euro Lamborghini Reventon. Well, in case you want to be among those 20 lucky owners in the world of such...
23 Jan 2009, 10:52 UTC · By: Madalina Iancu / “We do want to get out of the misery but we categorically refuse to beg” seems to be Jaguar Land Rover's motto during the current economic crisis.
Reuters has recently reported t...
23 Jan 2009, 09:33 UTC · By: Bogdan Popa / General Motors has received the second payment of its $13.4 billion loan approved by the United States government last December, officials of the American automaker confirmed today. GM yesterday sai...