Continental Rethinks 2009 Strategy
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though car makers were massively affected by the global economic crisis, an indirect consequence is that various suppliers also experience difficult times, with lowered demand and reduced inter...
GM Delighted with Auto Industry Loan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following the White House administration’s announcement issued on Friday that US automakers will receive a $17.4 billion low-interest loan, General Motors Corporation is absolutely delighted w...
Volvo Trucks Sees Apocalypse: Sales Down by 99.7%
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / It's well known the fact that the global recession massively affected car manufacturers from all over the world but Volvo Trucks yesterday came out with shocking figures. In the last three mont...
Moto Companies to Cut Production Due to Economic Crisis
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The global economic crisis had serious consequences over the automotive and the motorcycle industries, most customers becoming interested in low-cost cars with lower fuel consumption and less-powerf...
Brazilian Suppliers Not Interested in Raising Investments
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / A recently-conducted survey revealed that Brazilian auto suppliers are not willing to increase the value of their initial investments scheduled for 2009, especially due to the instability shown by t...
Low Gas Prices Help Americans Save $1B Per Day
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Back in July, just after gasoline prices simply exploded, market analysts forecasted that the whole world, and particularly the automotive industry, is going to experience one of the toughest financ...
Suzuki Won't Provide Floorplanning Support to Dealers
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although reports regarding the global economic crisis are clearly fewer after the Detroit 3 group received government support, non-US companies continue their race for money and announce new cost-cu...
GM: We're Sorry for Disappointing You!
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no doubt that General Motors is the most popular carmaker nowadays but this doesn't necessarily happen thanks to the fact that it owns so many brands all around the world. Unfortun...
New Year's Resolutions...
21 Nov 2012, 14:06 UTC · By: Alex Oagana / ... for car makers. According to the usa.gov website, the five most popular New Year's Resolutions in the US are, in this order: lose weight, managing debt, save money, get a better job and get...
Aston Martin Sells 20 Percent Stake
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Representatives of the British luxury sports car manufacturer Aston Martin admitted they are currently looking to sell a 10 to 20 percent stake in the company but refused to unveil the names of pote...
Japan Continues Cost-Cutting Plans, Expects Tougher Times
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Similar to the North American companies, Japanese automakers feel exactly the same pressure caused by the global recession and according to analysts, difficult times will continue to exist in the ne...
GM Sees Slow Sales in Most Markets
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors today published the third quarter 2008 figures, unveiling decreasing sales in most markets around the world. Chevrolet sold by far the biggest number of vehicles, with 1.083 million u...
GM Says Chrysler Merger Is Impossible
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following rumors claiming that GM may be interested in a merger with its brother in pain Chrysler, representatives of the world's largest carmaker came out and denied all speculations, pointing...
Chrysler President Meets Congress for $25B Loan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / In an effort to convince Congress members that the Detroit 3 urgently needs the $25 billion funding, Chrysler's President Jim Press today met senators but declined to reveal too many details re...
Ford of Europe Sales Down 12.4 Percent
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even if Ford is one of the members of the so-called Detroit 3 (the group struggling to get US government assistance to revamp sales), the American company seems to get back on its feet in Europe whe...
Analysts: 2009 US Cars Sales to Total 11.5M Units
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / With the global economic crisis still hammering sales and Detroit 3 still screaming and imploring the US government for financial help, analysts predict a gloomy future for the automotive industry. ...
GM Strives to Cut Costs, Delays Dealers Payments
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While other car manufacturers around the world prepared major job cuts and lowered productions, General Motors strives to cut costs by delaying payments to dealerships for rebates and other sales in...
GM October Sales Down 34 Percent
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors sold a total of 170,585 vehicles in October, with 73,466 sold cars and 97,119 delivered trucks, the American company said in a press statement. But more importantly, these figures do ...
Still No Word on Volvo-Changan Deal
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though the whole world is talking about a potential transaction between Ford and Changan Automobile Group, Ford does nothing more than ignore the speculations and declines to comment every sing...
Breaking News: GM, Chrysler Receive Loan Package
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The United States Government has just approved a $17.4 billion in low-interest loan to General Motors and Chrysler, two members of the Detroit 3 group who sought government aid since the beginning o...