Chrysler Transmission Manufacturer Files for Bankruptcy Protection
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / GETRAG Transmission Manufacturing LLC today announced that it has filed for protection under chapter 11 of the United States Bankruptcy Code for its Tipton, Indiana production plant. The Indiana-bas...
General Motors, Chrysler Receive Canadian Loan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After the United States officials announced last Friday that a $17.4 billion low-interest loan will be granted to General Motors and Chrysler, the Canadian government today decided to approve a C$4 ...
Solar Energy Firm Makes $1.2bn Bid for Opel
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While General Motors strives to find a way to revamp its sales and re-become the world's largest car manufacturer, its German brand Opel received the most surprising takeover bid it would ever ...
Republicans Propose Alternative Rescue Plan to Detroit 3
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following the recent announcement that the United States Senate have put the Detroit 3 loan package on hold, members of the Senate already started looking for alternative solutions that could help d...
GM Gets Ready for Bankruptcy
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although US car manufacturers struggle to get through the economic crisis, General Motors acknowledges that things can get even worse and hired a special bankruptcy counsel and restructuring adviser...
Audi Sets New Sales Record in 2008
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While other automakers struggle to remain in business and beg for government money, German company Audi reports a new sales record and an impressive increase for worldwide unit sales. According to f...
Nissan Fires 1,200 Workers in the UK
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Japanese automaker Nissan today announced that will cut approximately 1,200 jobs in the United Kingdom, as part of its plan to counteract the economic downturn. The new cost-cutting measure will onl...
Nobody Interested in Buying Saab, Says GM
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The struggling Swedish automaker Saab gains no interest from larger corporations in the automotive industry, its parent company General Motors today said, confirming rumors that it plans to sell the...
Weekly Roundup: 05.01.2009 – 10.01.2009
21 Nov 2012, 14:06 UTC · By: Tudor Raiciu / If you have a busy schedule and don’t have time to get your much needed quota of automotive industry news, here’s your chance to catch up. This is the first episode of a long series of w...
Daimler Mocks Economic Crisis, Increases China Sales
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although car manufacturers around the world struggle to reduce looses caused by the economic crisis, there are a few companies which record increasing sales on several markets. The best example is g...
Money Still A Problem in the GM – Chrysler Deal
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Facing the global economic crisis is a difficult job even for a large company like Chrysler who may need the government's help to reduce the loses. However, talks regarding a potential merger b...
Mazda Scores Record Sales in Europe Last Year
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / Given the financial crisis, “each for himself and let the devil take the hindmost” might be the new slogan of car makers around the world. So, every single success in the economic storm ...
GM to Collapse Without Government Aid
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although the global economic crisis has smashed sales of most carmakers, US-based General Motors is probably the most important victim, with shares reaching the lowest point in 60 years. More import...
Lotus Reports £2 million Profit
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though the global economic crisis has reduced sales, shares and demand for most car models around the world, Lotus today touted a profit of 2 million pounds (that's approximately $3.1 mill...
Toyota Supports Detroit 3's Cause
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After the Senate announced last week that the $14 billion loan request has been put on hold, Detroit manufacturers are willing to do anything to convince the officials that such a decision would be ...
MINI Cars Save BMW Group Sales in 2008
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / Here's another German automaker writing its sales page in the black book of history of December 2008. We're pretty sure you know BMW Group sales dropped heavily during the last month of 20...
ArvinMeritor Cuts Salaries by 5 to 10 Percent
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / ArvinMeritor, a Michigan-based part supplier, has just announced that it plans to cut salaries by 10 and 5 percent for approximately 100 senior executives and 1,700 white-collar workers, respectivel...
GM Sets New Sales Record in China
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though General Motors is experiencing what seems to be the toughest period in its history in the United States, sales around the world are doing pretty well, as the company announced in a state...
Toyota Idles Japanese Plants for 11 Days
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The financial recession is surely one of the most popular news subjects nowadays since reports about struggling automakers continue to come on a daily basis. Today's piece of news concerns Toyo...
Pontiac Cancels G8 ST Sport Truck
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Beside all the well-known cost-cutting measures prepared by companies from all over the world, including here reduced production, job layoffs and idled plants, the economic recession has also killed...