BMW Cuts UK MINI Production
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Unfortunately for the whole automotive industry but for 6,000 workers in particular, BMW has decided to cut UK production of its MINI models due to the much-debated economic crisis. The news complet...
Norwegian Electric Carmaker in Need of Gov. Support
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though it builds one of the most attractive vehicle types nowadays, Norwegian electric carmaker Think Global lost the fight with the global recession and asked for support from the local govern...
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...
Sweden Willing to Aid Automotive Industry
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The Swedish government confirmed on Thursday that it agrees to help the domestic carmakers go through the economic crisis and aid them to concentrate on fuel-efficient engines. Sweden will provide a...
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...
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...
Tesla Employees Fired by Blog
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Last week, news concerning a heavy job cut at Tesla Motors spread on the web and everybody talked about the financial crisis which made another important victim in the automotive industry. However, ...
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...
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 Employees Asked to Take Dec. 22, 23 Off
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors is still experiencing a very difficult period after the global economic crisis smashed its sales, with the board now requiring employees to take December 22 and December 23 off despit...
Volkswagen Feels the Recession Too
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The whole automotive industry is currently experiencing what seems to be the toughest period in history, with the global recession pushing them close to bankruptcy and turning models supposed to bri...
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...
Daimler Denies Interest in Volvo
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Daimler has absolutely no intention in acquiring the Swedish carmaker Volvo, denying a report issued last week which claimed the company is interested in purchasing Ford Motor's unit. According...
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...