23 Jan 2009, 08:23 UTC · By: Bogdan Popa / We all know that Chrysler faces one of the toughest times in its history but even so, reports concerning its parent company Cerberus Capital Management made the headlines fairly rare. Unfortunately ...
22 Jan 2009, 10:04 UTC · By: Bogdan Popa / The French government yesterday agreed to provide financial support to local automakers but only if struggling companies agree to cut bonuses paid to chief executives, Autonews wrote in a report pub...
22 Jan 2009, 09:04 UTC · By: Bogdan Popa / General Motors is making the headlines once again, as it recently said it may run out of cash as soon as March 31 in case it doesn't receive the second loan payment from the US government. The ...
21 Jan 2009, 16:28 UTC · By: Bogdan Popa / General Motors was often referred to as the world's largest automaker as it managed to lead the overall chart of the automotive industry for no less than 77 years. Unfortunately for the America...
21 Jan 2009, 16:16 UTC · By: Bogdan Popa / Despite the fact that the company struggled to face the global recession and begged for money from the United States government, General Motors says 2008 was a pretty good year when it comes to glob...
20 Jan 2009, 16:07 UTC · By: Madalina Iancu / It was high time we heard about BMW's extreme measures to fight the current economic crisis. In fact, their silence regarding possible solutions to cope with the hard times was more than surpri...
20 Jan 2009, 15:50 UTC · By: Ovidiu Panzariu / On the occasion of BMW Sauber's unveiling of their 2009 challenger – the F1.09 – in Valencia earlier today, BMW's motorsport director Mario Theissen took the opportunity to ans...
20 Jan 2009, 15:29 UTC · By: Bogdan Popa / The difficult market conditions and the economic recession that are continuously hammering sales of most carmakers is now forcing Toyota Motor Corporation to apply a new cost-cutting measure, this t...
20 Jan 2009, 13:58 UTC · By: Bogdan Popa / Swedish automaker Volvo said it will skip the upcoming Tokyo Motor Show set to open its doors on October 23. The reason? The over-discussed economic crisis which now forces automakers to abandon aut...
20 Jan 2009, 08:42 UTC · By: Ovidiu Panzariu / Flavio Briatore dismissed rumors linking him to a retirement from Formula 1 at the end of 2010. The Renault boss insisted he is in for the long run and has no intention of leaving his team or the sp...
19 Jan 2009, 15:59 UTC · By: Bogdan Popa / There's no wonder that Americans are more interested then ever in small-displacement vehicles given the high petrol prices and the massive economic downturn the US market experienced. In this c...
19 Jan 2009, 15:05 UTC · By: Bogdan Popa / US-based automaker Chrysler announced on January 16 that it has received access for up to $1.5 billion in loans from the US Department of Treasury's Troubled Asset Relief Program, also known as...
16 Jan 2009, 14:25 UTC · By: Madalina Iancu / Production is reduced or even stopped for a while, people are being laid off, advertising and marketing budget have become almost insignificant. These are a few examples of the desperate measures ta...
16 Jan 2009, 14:05 UTC · By: Madalina Iancu / Since half of all new cars are believed to be bought on credit in UK and banks have severely reduced the amounts they are loaning, there's no wonder the credit crunch is seen as a true curse fo...
15 Jan 2009, 16:07 UTC · By: Bogdan Popa / American carmaker Chrysler today confirmed it will discontinue the PT Cruiser model and will start seeking a potential buyer for the equipment it used to manufacture this vehicle. President Tom LaSo...
15 Jan 2009, 09:27 UTC · By: Alex Oagana / A regular soap opera is happening these days at Suzuki's headquarters. After the Japanese Nikkei newspaper reported that the production plans for Suzuki's Kizashi D-segment sedan were shel...
15 Jan 2009, 08:24 UTC · By: Ovidiu Panzariu / Toyota revealed that its NASCAR programme will undergo a series of cutbacks following the global economic crisis that has affected the Japanese manufacturer during the past few months. While expecti...
14 Jan 2009, 11:28 UTC · By: Bogdan Popa / Renault's Romanian brand Dacia is again fighting against the global economic crisis with a cost-cutting measure, this time a two-week production halt that will occur between January 26 and Febr...
14 Jan 2009, 09:44 UTC · By: Bogdan Popa / The United States government provided financial assistance to them. Most Americans supported them in their race for money. But this may not be enough to rescue the three struggling American automake...
14 Jan 2009, 09:25 UTC · By: Bogdan Popa / Despite the fact that most automakers are currently focusing on the 2009 North American Auto Show, American companies are obviously still seeking to solve their financial problems which brought them...