General Motors May Discontinue Full-Size SUVs
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / In the context of global economic crisis, American car manufacturer General Motors said it may cancel the next generation Tahoe and Suburban, initially planned for release in 2011 and 2012 respectiv...
Honda US to Focus on Small Cars
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no secret that the global economic crisis heavily affected car manufacturers from all over the world but, for most of them, the United States sales were shockingly low. Honda already an...
UK Officials: Jaguar Must Get Government Money
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though Tata Motors has already agreed to inject millions of dollars into its British brand Jaguar Land Rover, the UK-based company continues its race for government aid, with officials very clo...
December to Bring Lowest US Sales in 2008
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The last few weeks brought an avalanche of reports regarding the financial crisis so it shouldn't amaze anyone that December is expected to bring the lowest sales in 2008, according to a report...
Ford Flex Sales Still Down. Who's Fault Is It?
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though nobody knows for sure if the current sales are a result of the global economic crisis or of a poor advertising campaign, with approximately 2,000 units sold every month, Ford's exec...
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...
Skoda Stops Work on Fridays
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although the global recession has reached its apogee, the automotive industry crisis with global carmakers slashing production and struggling to remain in business with or without government aid. Sk...
Skoda India Cuts Prices on 2008 Models
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Skoda India has just announced that it cuts prices on all models by up to Rs (Rupees) 51,500 or $1,068 thanks to a recently announced 4 percent reduction of the Central Value Added Tax, formerly kno...
Renault Asks for Romanian Gov. Support
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Seriously affected by the financial crisis, Renault Group today asked the Romanian government for support, demanding 100 million euros credit guarantees for EIB (European Investment Bank) financing,...
No Bright Future for Car Design Students
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / Each beginning is difficult, but for undergraduates who study car design hoping to achieve a position within an automaker of any kind, the following year will not be exactly jolly. According to 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...
Obama: Firing Executives Could Save Detroit 3
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / President-elect Barack Obama thinks that firing executives could prove to be a very smart move when talking about automotive companies reorganization and agrees that using the same market strategy a...
Chrysler Blames Lack of Financing for Poor Sales
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The short story so far: Chrysler invests in big-displacement engines and high-performance cars, especially addressed to the North American market. As the global recession raised demand for small-dis...
Ford Otosan Suspends Production for 3 Weeks
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / News telling you about reduced production, idled plants and job cuts shouldn’t really amaze you, as large companies such as General Motors, Chrysler, Volvo or Ford already announced multiple s...
Ford Idles 10 Production Plants
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / New day, more suspended plants. This time, the company that takes the decision to temporary suspend the activity of several production facilities is Ford, one of the largest carmakers in the world a...
Bush Paves the Way for Auto Funds
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / US Government's involvement in the automotive industry crisis is still the main debate in the United States with lawmakers, senators and even the president participating to negotiations. While ...
Russia to Fight Against Car Imports Avalanche
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / With the global economic crisis damaging sales of most carmakers around the world, governments in every country struggle to help local companies survive on the auto industry, preserve jobs and maint...
Obama on US Auto Crisis: “We Need to Provide Assistance!”
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / President-elect Barack Obama admitted in an interview with CBS that the US automotive industry urgently needs government assistance and acknowledged that a potential collapse of the Detroit 3 would ...
GM: “Collapse Is Imminent If We Do Nothing”
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors continues the race for money with a new clip published on its newly-launched website, dubbed GM Facts and Fiction, asking US citizens to contact lawmakers and Congress members and urg...
Volvo to Fire an Additional 4,000 Employees
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Swedish car manufacturer Volvo today announced that nearly 4,000 employees will leave the company by December 31, 2008, as part of Volvo's cost reduction program. Although the cost cutting reas...