Obama to Announce Auto Czar Picks This Month
4 Feb 2009, 10:12 UTC · By: Bogdan Popa / The White House administration is continuously working to form an auto restructuring team, including an auto czar that would oversee the industry reform, and the first picks may be announced this we...
Chrysler January Sales Report: The Steady Way Down
4 Feb 2009, 09:40 UTC · By: Daniel Patrascu / Chrysler LLC made public today its January sales report and things don't look good at all. Having a 55 percent drop in units sold, compared to the same period in 2008, Chrysler's sales are...
Chrysler Got Three Offers for Viper
4 Feb 2009, 08:35 UTC · By: Daniel Patrascu / Chrysler received three offers for its Viper business, co-President Jim Press was quoted as saying by CNNMoney.com, but the matter is being look at with “due diligence.” The company firs...
Fiat Sketches Chrylser Alliance Plan
3 Feb 2009, 17:26 UTC · By: Daniel Patrascu / Fiat plans to finish its review of Chrysler's operations by February 17, in order to help the American counterpart to get a green light with this vital point in the viability report expected by...
Seoul Motor Show Loses GM, Chrysler, BMW
3 Feb 2009, 08:15 UTC · By: Daniel Patrascu / The restless race for money, initiated by the economic crisis, makes car manufacturers fire workers, close down factories, scrap new models and sell assets. Undoubtedly, marketing budgets are also c...
Chrysler CEO Promises to Invest Bailout Money in North America
2 Feb 2009, 08:42 UTC · By: Bogdan Popa / Despite the fact that the automaker recently signed a strategic agreement with Fiat, the bailout money sourced from the United States Treasury will be exclusively used in North America, Chrysler CEO...
US Automakers Ally Against State-by-State Regulations
2 Feb 2009, 08:20 UTC · By: Bogdan Popa / American automakers are now joining forces for a major campaign against state-by-state regulations and struggle to convince the Washington authorities that a unique national standard would be useful...
Alfa Romeo 149 Hatchback to Be Based on BMW 1-series
28 Jan 2009, 18:17 UTC · By: Daniel Patrascu / Following last week's announcement that Chrysler and Fiat have joined forces in a strategic alliance, the Italian manufacturer is expected to make public a future cooperation with BMW for the d...
No More Jets for Citigroup During the Crisis
28 Jan 2009, 11:39 UTC · By: Madalina Iancu / After getting a $45 billion from the government, Citigroup had to do something about their plan before the current financial crisis to purchase a new corporate jet . However, an Associated P...
Reactions to Obama's Call to Review Emission Rules
27 Jan 2009, 13:12 UTC · By: Bogdan Popa / As you probably heard, United States President Barack Obama yesterday asked the Environmental Protection Agency to review the greenhouse gas emission rules for vehicles and decide whether the states...
Chrysler to Bring 7 Fiat Models in the US
26 Jan 2009, 17:45 UTC · By: Bogdan Popa / The short story so far: Fiat and Chrysler announced a so-called global strategic partnership and the American automaker confirmed that it plans to bring several models designed by the Italian compan...
GM, Chrysler Urge Dealers to Order Cars
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...
Ford: We're in Good Shape, No Loans Needed!
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...
Weekly Roundup: 19.01.2009 - 23.01.2009
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...
Chrysler Announces Rebates, Struggles To Get Rid of Unsold Stock
23 Jan 2009, 10:13 UTC · By: Madalina Iancu / While some automakers try to get rid of the 2008 unsold stock by selling it to its managers (perhaps you remember the Toyota case), others put across rebates plans for this year. Since we're...
Hybrid Cars Sales Fell By 9.9 Percent in the US
23 Jan 2009, 09:24 UTC · By: Madalina Iancu / Last year, hybrid vehicles were not at all immune to the credit crunch but they also had to face another challenge: fuel prices tumbled to an average of $1.62 per gallon last month. With these pe...
Cerberus to Axe 10 Percent of its Workforce
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 ...
Fiat 500 to Arrive in the US by 2010
22 Jan 2009, 16:14 UTC · By: Bogdan Popa / First signs of the Fiat – Chrysler will appear early in the United States market as the two automakers plan to bring the popular Fiat 500 model in Chrysler's backyard. Obviously, this wou...
GM Says It Could Run Out of Cash by March 31
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 ...
Dealers Pleased with Chrysler-Fiat Alliance
21 Jan 2009, 16:25 UTC · By: Bogdan Popa / Chrysler's announcement that will form a strategic alliance with the Italian automaker Fiat pleased the American company's dealerships who explain that such a move could also help them rem...