GM's Restructuring Plan Is...?
31 Mar 2009, 07:24 UTC · By: Daniel Patrascu / ...what? It is the second, or perhaps the third (we lost count), restructuring plan forced upon or put in place by GM, an unwilling participant in the economic turmoil set in motion by the financial...
Obama Administration Raises Fuel Economy Level to 27.3 mpg
30 Mar 2009, 09:04 UTC · By: Tudor Raiciu / Apart from the already known effects of the pending economic crisis that has savaged the automotive industry, US automakers will have to deal with yet another thorny issue as the Obama administratio...
Chrysler Given 30 Days to Link with Fiat
30 Mar 2009, 09:15 UTC · By: Bogdan Popa / With the March 31 deadline almost here, rumors surrounding the fate of the two ailing American automakers are causing quite a stir in this particular sector. While Rick Wagoner has just announced th...
Chrysler-CAW Deal Comes to a Dead End, New Deadline of Tuesday
30 Mar 2009, 08:13 UTC · By: Bogdan Popa / After American automaker Chrysler warned that it may decide to pull out of Canada unless it reduces labor costs by $19 per hour, everybody expected a final agreement to be reached last week. However...
GM, Chrysler Rescue Plans Come on Monday
29 Mar 2009, 08:14 UTC · By: Daniel Patrascu / The White House confirmed president Barack Obama's announcement regarding the measures the administration will take to help GM and Chrysler on Monday, Autonews reported. A White House spokes...
Obama: The Automotive Industry Must Be Preserved
27 Mar 2009, 13:12 UTC · By: Daniel Patrascu / President Barack Obama has announced that his administration will present the new aid package for GM and Chrysler over the following days, but warned that the two manufacturers will have to make &qu...
Citigroup to Manage the $5 Billion Auto Suppliers Aid
27 Mar 2009, 11:55 UTC · By: Daniel Patrascu / As we already told you, the US government approved at the end of last week a $5 billion aid package to support the struggling auto suppliers. Rumors surfaced claiming the one who will take charge of...
Chrysler Investigated for Securities Fraud
26 Mar 2009, 09:24 UTC · By: Daniel Patrascu / When bad news come, they come in packs. This is what Chrysler officials might think, as yet another problem adds to the troubles American manufacturer Chrysler finds itself in. The state of Indiana ...
GM Job Cuts Begin, 47,000 to Be Laid Off
25 Mar 2009, 08:02 UTC · By: Daniel Patrascu / GM began yesterday its feared job cutback program, aimed at scaling back its workforce in an attempt to get back on track, as agreed with the US government. The manufacturer told yesterday morning s...
Fiat Readies Chrysler Alliance, Inspects US Plants
20 Mar 2009, 10:08 UTC · By: Bogdan Popa / After the initial agreement reached a few months ago, Fiat makes another step towards the alliance with US giant Chrysler by conducting environmental and safety reviews of the production facilities ...
Fiat-Chery Joint Venture Delayed
19 Mar 2009, 15:01 UTC · By: Daniel Patrascu / Fiat's plans to make itself more visible on the growing Chinese market sustained a minor setback as partner Chery decision to postpone the joint venture, due to the market conditions, as chairm...
Chrysler to Run Out of Cash by March 31
19 Mar 2009, 11:40 UTC · By: Bogdan Popa / American automaker Chrysler says it has enough money to survive through the end of March as the company has reduced costs in every single area and is spending money slower than it did in the previou...
Chrysler Will Leave Canada If CAW Deal Is Not Reached
18 Mar 2009, 15:58 UTC · By: Daniel Patrascu / Precaution is Chrysler's middle name these days, as the March 31st deadline draws ever closer. The American manufacturer is covering its exposed... back and plans to pull out of its Canadian ba...
Fiat Chrysler Alliance Is Worth $10 Billion
17 Mar 2009, 13:26 UTC · By: Daniel Patrascu / The proposed alliance between Italian manufacturer Fiat and American giant Chrysler got a price tag/human cost evaluation today, as Bob Nardelli, Chrysler CEO said the future deal is worth $10 billi...
Chrysler Warns It May Close Canadian Plants Unless It Gets Financial Support
12 Mar 2009, 08:19 UTC · By: Bogdan Popa / American automaker Chrysler today threatened that it may close its Canadian production facilities unless the government approves the requested funds and helps the company cope with the recession. Ch...
Dodge Rams the Crisis, Improves Market Share
11 Mar 2009, 08:42 UTC · By: Daniel Patrascu / Even if market share is not the same with high sales volume, to know that you own a bigger piece of the smaller pie that is the automotive industry is reason enough for celebration. Dodge Ram's...
Chrysler's Sales Still Down in February
4 Mar 2009, 13:35 UTC · By: Daniel Patrascu / Chrysler reported yesterday its February sales figures for the US retail market and as all expected, no big surprise came out of it. Decreasing sales are still the underlying factor in the company&#...
GM and Chrysler Plan Limited Advertising
25 Feb 2009, 14:20 UTC · By: Madalina Iancu / GM and Chrysler have already announced at the beginning of this year that they were drastically cutting their marketing budgets and that they were trying to sell cars without too much advertising. ...
US Politicians: Let's Save the Auto Industry, but We're Driving Imports
24 Feb 2009, 10:40 UTC · By: Madalina Iancu / US President Barack Obama might favor American cars but people in his administration certainly don't. If you take a look at what American politicians drive you'll reach the same conclusion...
Canada Unsatisfied with Chrysler's Viability Plan Details
23 Feb 2009, 16:31 UTC · By: Bogdan Popa / Even though Chrysler initially believed that sending the viability plan to the Canadian government would be enough to receive the money it needs, it is actually not as country's officials recen...