Volkswagen Unveils Profit in Q1
24 Apr 2009, 09:15 UTC · By: Bogdan Popa / Despite the difficult environment and the economic recession we're currently living in, German manufacturer Volkswagen managed to post profit in the first quarter of 2009, according to the late...
VW Satisfied with Porsche Collaboration, Expects Strong 2009 Profit
24 Apr 2009, 07:28 UTC · By: Bogdan Popa / German automaker Volkswagen is extremely pleased with the cooperation with Porsche, the parent company that owns a 51 percent stake, and said it expects strong performances in 2009, partially thanks...
The Anti-Democracy Truck or How to Benefit from the Crisis
23 Apr 2009, 12:52 UTC · By: Tudor Raiciu / Crises lead to protests and protests can sometimes lead to riots or even small revolutions. Protests and riots have to be quelled by the authorities, be them democratic or communist. This is where s...
Nissan Reports Sharp Drop in March
23 Apr 2009, 08:53 UTC · By: Bogdan Popa / The automotive industry is currently divided into two opposed parts: the struggling automakers who are still fighting for survival and crying for government money (count here General Motors, C...
GM to Fire 1,600 US Workers This Week
21 Apr 2009, 15:30 UTC · By: Bogdan Popa / General Motors continues its fight for survival and today announced that as part of its attempt to reduce workforce and save costs, around 1,600 workers will be fired this week. The plan was announc...
Chinese Buyers Interested in Opel, 500M Euros Minimum Expected
21 Apr 2009, 13:03 UTC · By: Bogdan Popa / Opel's soap-opera continues with a new episode, this time involving Chinese companies who are reportedly interested in buying GM's German unit. According to a report by Autonews, sources f...
Bentley to Launch New Models Sooner, New Continental GT Coupe in 2010
21 Apr 2009, 08:05 UTC · By: Bogdan Popa / Although some companies are still crying out loud and screaming for government funds, other manufacturers claim that the automotive sector is already showing the first signs of recovery. One of thes...
Harley-Davidson Reports Slow Sales, Announces Job Cuts
16 Apr 2009, 14:12 UTC · By: Bogdan Popa / The motorcycle industry is going down as well, despite that related economic reports make the headlines only once in a while. Harley Davidson for example today announced its first quarter 2009 resul...
Lamborghini Mocks The Crisis, Pleased by 2008 High Sales
15 Apr 2009, 10:57 UTC · By: Bogdan Popa / While most automakers across the globe cried out loud and screamed for government money, Lamborghini continues to run high in most markets, as the company itself stated in a release. The Italian sup...
Opel Generates Enough Money to Survive for 4 Months
15 Apr 2009, 10:47 UTC · By: Bogdan Popa / General Motors' German unit Opel is currently generating enough money to remain in business during the next four months, a report issued by local newspaper Bild Zeitung claims citing sources cl...
Holden to Be the First GM Unit to Die, Expert Predicts
14 Apr 2009, 13:59 UTC · By: Bogdan Popa / GM's Australian unit Holden won't survive the economic downturn and will become the first General Motors unit to die due to this reason, editor of the car buyers Dog & Lemon Guide, Cli...
Ford to Get Up to $2 Billion for Volvo Cars
14 Apr 2009, 13:30 UTC · By: Bogdan Popa / Ford may get between $1 billion and $2 billion for its Swedish ailing automaker Volvo Cars, in case the parent company agrees to sell the company to one of the interested bidders, Bloomberg reported...
Chevy Volt Funding in Doubt Due to Poor GM Survival Plan
13 Apr 2009, 14:30 UTC · By: Bogdan Popa / General Motors' requested funding to support the development of Chevrolet Volt plug-in hybrid has been put on hold until the American car giant manages to demonstrate its viability and convince...
GM Pledges for "Tough Actions" to Stay in Business
13 Apr 2009, 11:03 UTC · By: Bogdan Popa / We already knew that General Motors was experiencing the toughest period in its history, with cost-cutting measures, viability plans and major departures turning into common things for those involve...
Consumers Give Up on Saturn, Dealers Close Stores
13 Apr 2009, 09:33 UTC · By: Bogdan Popa / With company officials awaiting a decision from parent company General Motors, Saturn's crisis is deepening day by day. As a direct result of the chaos surrounding Saturn, consumers have lost t...
Toyota Predicts Better US Auto Sales
9 Apr 2009, 15:42 UTC · By: Bogdan Popa / Even if the American auto sector reached the lowest possible level and domestic automakers fight for life, Toyota says the second quarter is expected to bring increased sales when compared to those ...
GM Takes on VW, Expects Double Sales in China
9 Apr 2009, 13:09 UTC · By: Bogdan Popa / Even if the current economic situation brought it close to bankruptcy, General Motors expects to double the company's car sales by 2013 and take on Volkswagen Group, its main rival in this part...
Russia's AvtoVAZ Receives 8 Billion Rubles Loan
8 Apr 2009, 18:27 UTC · By: Bogdan Popa / AvtoVAZ, one of the largest automakers in Russia, will receive up to 8 billion rubles ($239.5 million) in loans from two state-controlled lenders. Sberbank and VTB will provide 4 billion rubles each...
Volvo Reduces 2009 XC90 Pricing by 8 Percent
8 Apr 2009, 12:51 UTC · By: Bogdan Popa / As part of its efforts to get through the crisis and reduce loses to a minimum, Volvo today announced it will cut 2009 XC90 pricing by 8 percent. Such a price cut means a saving of up to $3,250 on V...
Mazda Reports Second-Highest Fiscal Year Ever
8 Apr 2009, 09:21 UTC · By: Bogdan Popa / Although the economic chaos ruined its sales, Mazda today reported that the April 2008 - March 2009 fiscal year was the second-highest ever, with a retail volume of 324,600 units. Furthermore, 7 Eur...