Toyota Announces Major Production Cut in February-April
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...
Smaller Marketing Budgets for Automakers in 2009
20 Jan 2009, 15:26 UTC · By: Madalina Iancu / Is the current financial crisis going to put the brakes on marketing and advertising in the auto industry? Highly unlikely, but still it's no surprising at all that more and more automakers are...
Chrysler, Fiat Confirm Global Strategic Alliance
20 Jan 2009, 14:43 UTC · By: Bogdan Popa / Recent reports claiming that Chrysler and Fiat may sign a strategic partnership proved to be true as the two companies have just announced they are forming a global strategic alliance. Under the ter...
Mazda Names Director for the New European Fleet Operations
20 Jan 2009, 14:34 UTC · By: Madalina Iancu / Just like other auto makers across the world, Mazda Motor is currently naming key persons in its management team in an effort to fight the financial crisis. Although Mazda Motor Europe has recent...
Akio Toyoda Appointed Toyota's New President
20 Jan 2009, 14:13 UTC · By: Madalina Iancu / What's interesting about many car makers around the world these days is that apart from lay-offs, cutting down or even halting the production, a very popular move to fight the current financial...
Fiat, Chrysler Start Alliance Negotiations
20 Jan 2009, 10:50 UTC · By: Bogdan Popa / Struggling American automaker Chrysler is now in negotiations with Italian company Fiat to form an alliance that could help the US-based firm revamp the production line according to the initial plan...
Aston Martin Says It May Leave Its Bank Covenants
20 Jan 2009, 10:45 UTC · By: Madalina Iancu / Even if Aston Martin claims it faces no immediate financial problems being better placed than its rivals as the chairman of the company reported, its actions are a little bit contradictory to their ...
Porsche Confirms Mandatory Offer for Scania
20 Jan 2009, 08:12 UTC · By: Bogdan Popa / Following the increase to above 50 percent in Volkswagen shares, Porsche today confirmed it made the mandatory offer for Swedish truck manufacturer Scania but denies it is interesting in acquiring s...
GM Loves Non-US Markets, Opens Paint Shop in Egypt
19 Jan 2009, 15:54 UTC · By: Bogdan Popa / While its United States division faces the toughest period in history, General Motors continues to expand its business overseas with a new paint shop, this time opened in Egypt. The whole investment...
Chrysler Receives $1.5 Billion from the US Department of Treasury
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...
GM Runs High in Africa and the Middle East, Dies in the US
19 Jan 2009, 08:09 UTC · By: Bogdan Popa / General Motors proudly announced today that its Latin American, African and Middle East divisions set a new all-time sales record in 2008 as they managed to deliver more than 1.276 million vehicles....
Weekly Roundup: 12.01.2009 – 16.01.2009
18 Jan 2009, 15:43 UTC · By: Tudor Raiciu / This week was mostly focused on the 2009 North American International Auto Show, also known as NAIAS, and the models showcased there, but Formula 1 and Dakar fans also had their share of media cover...
UK Government Might Encourage Car Credit
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...
Honda Leaves Behind 3,100 Unemployed
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...
EU Pulls Up Its Socks to Help Auto Industry
16 Jan 2009, 11:25 UTC · By: Madalina Iancu / With so many governments announcing their plans to help the falling auto industry in their own country, the European Union could just not sit back and admire the view. According to drive.co...
Gov. Granholm Signs Legislation to Boost Michigan Car Batteries
16 Jan 2009, 10:26 UTC · By: Madalina Iancu / It took them a while, the subject was intensely discussed, but US lawmakers have finally signed the incentive plan for the development of advanced batteries in Michigan. According to freep.com, a...
Aixam Mega Takes Over Electric Nice Car Company
16 Jan 2009, 09:56 UTC · By: Madalina Iancu / In a world where natural resources are limited, some people think that electric vehicles will be the next generation of cars. That seems to be the opinion of electric vehicle manufacturer Aixam Mega...
Toyota Deals with Crisis, Severely Reduces Production in the US
16 Jan 2009, 09:03 UTC · By: Madalina Iancu / Weak demand in the automotive industry has already determined car makers to cut down production in a manner they haven't done before. Facing the same problem, Toyota Motor Corp has officiall...
Toyota Hydrogen Cars are Coming by 2015
16 Jan 2009, 07:10 UTC · By: Alex Oagana / After beginning to lose some of their hybrids'r'us street cred to the likes of GM and Honda, Toyota people are back on the greenie bandwagon with the announcement of selling an all-electri...
Toyota Sells Cars to Its Managers
15 Jan 2009, 15:55 UTC · By: Madalina Iancu / Since there are not enough buyers for Toyota vehicles, managers of the Japanese automaker thought of unifying their forces and buy the company cars to help it to get over the current financial crisi...