Nissan, Land Rover and VW Receive EU Money
7 Apr 2009, 15:54 UTC · By: Bogdan Popa / The European Investment Bank has just approved a loan package of up to 866 million euros ($1.2 billion) for Nissan, Land Rover and Volkswagen, with every cent to be used in green car development ope...
VW Likely to Snatch GM's World's 2nd Largest Automaker Rank
7 Apr 2009, 14:33 UTC · By: Bogdan Popa / Under the strong pressure of the economic turmoil, General Motors might lose the world's second largest automaker spot, automotive industry analysts at market research company R.L. Polk Germany...
Harley-Davidson Starts Reorganization, Names New CEO
7 Apr 2009, 08:41 UTC · By: Bogdan Popa / It seems like White House speaker Nancy Pelosi's statement that "companies involved in the automotive sector must be ready for sacrifices" applies to the motorcycle industry as well a...
Ford to Cut Mondeo and Focus Production in Russia
3 Apr 2009, 14:48 UTC · By: Bogdan Popa / The overall declining sales is again pushing American automaker Ford beyond its limits, this time in Russia, a country in which the company builds the popular Focus and Mondeo. According to Auto...
Kia Gets $305 Million Loan, Sales Are Going Up
3 Apr 2009, 13:31 UTC · By: Bogdan Popa / Kia Motors America today announced that it received a $305 million funding package from a group of banking institutions. Wells Fargo Foothill, part of Wells Fargo & Company, is the leading lende...
Toyota Reports 36.6 Percent Decline in March
3 Apr 2009, 09:33 UTC · By: Bogdan Popa / Just like the whole automotive industry, Toyota reported a massive drop in March 2009 sales, citing the over-discussed "we're starting to get tired of it" economic crisis. The US divi...
Tata Loses Ground Despite Nano Launch
2 Apr 2009, 14:48 UTC · By: Bogdan Popa / Tata Motors recently launched "the cheapest car in the world" which was expected to boost the company's sales in every single market around the world. Only that things are a bit diffe...
General Motors Sales Down 45 Percent in March
2 Apr 2009, 14:03 UTC · By: Bogdan Popa / As if the economic recession and the desperate situation the company currently experiences weren't enough, General Motors is continuously recording very low sales, especially in the United Stat...
Subaru Reports 3 Percent Sales Drop in March
2 Apr 2009, 12:32 UTC · By: Bogdan Popa / Although some car manufacturers around the world reported impressive high sales in March, others are still struggling to cope with the recession and, even if they show the first signs of recovery, s...
Kia, Hyundai Report 12, 33 Percent Sales Increases
2 Apr 2009, 09:35 UTC · By: Bogdan Popa / Things are far from being over in this unstable automotive industry severely hit by the economic recession but the first positive signs finally appear. Both Kia and Hyundai reported increased sales ...
Volkswagen US Reports Slow March 2009 Sales
2 Apr 2009, 06:58 UTC · By: Bogdan Popa / With the economic recession still putting pressure on car manufacturers, especially the ones in the United States, Volkswagen of America today unveiled its March 2009 sales figures, reporting a decr...
French Car Sales Keep Growing Despite Recession
1 Apr 2009, 14:30 UTC · By: Bogdan Popa / The scrapping bonus programs prepared by the French government continue to show positive results in the country as new car registration keep growing, especially for models benefiting from this kind ...
GM Denies Is Requested Vauxhall Support in the UK
1 Apr 2009, 10:30 UTC · By: Bogdan Popa / A recent media report issued by The Financial Times newspaper claimed General Motors requested around 600 million pound ($859 million) from the United Kingdom government to support its Vauxhall unit...
Ford Smiles, the Company Has Become Competitive
31 Mar 2009, 12:55 UTC · By: Bogdan Popa / General Motors has just lost its CEO and it still screams for support. Chrysler has been given 30 days to continue negotiations with Fiat and decide on the restructuring plan it forwards to the gove...
Chrysler to Continue "Normal" Operations for 30 More Days
31 Mar 2009, 10:09 UTC · By: Bogdan Popa / The American soap-opera involving Chrysler and General Motors continues, this time with a statement from Chrysler LLC Chairman and CEO, Bob Nardelli. Just as expected, the whole statement is actuall...
The Auto Sector Must Make Sacrifices, Says White House Administration
31 Mar 2009, 09:18 UTC · By: Bogdan Popa / Following President's Obama efforts to help the automotive industry and ailing automakers get back on track, White House spokeswoman Nancy Pelosi issued a statement, emphasizing that she fully ...
Canada Rejects GM, Chrysler Plans, Refuses to Provide Support
31 Mar 2009, 08:03 UTC · By: Bogdan Popa / What could possible be worse than this? General Motors and Chrysler are already on thin ice, with bankruptcy knocking on their doors ever since the fourth quarter of 2008, so they are desperately lo...
China on Track to Become World's Largest Car Manufacturer
31 Mar 2009, 07:25 UTC · By: Bogdan Popa / Keeping the same production output during these troubled times is a more than difficult task but even so, China is still aiming to become the world's largest automaker by the end of this year. ...
Russia's AvtoVAZ Receives 20bn Rubles, Putin Confirms
30 Mar 2009, 17:05 UTC · By: Bogdan Popa / Russia's Prime Minister Vladimir Putin confirmed today that AvtoVAZ will receive more than 20 billion rubles (about $587.4 million) in state funds to get through the economic crisis and pay its...
EIB Approves €3bn for French Manufacturers, Renault Gets €400mn
30 Mar 2009, 12:57 UTC · By: Bogdan Popa / The European Investment Bank (EIB) has approved the 3 billion euros for the French automotive sector, with Renault to receive up to 400 million in state aid. As we told you in February, the funds ar...