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...
Jaguar Land Rover Screams for Help, Tata Brings Tens of Millions
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Tata Motors recently announced that it has agreed to help its UK brand Jaguar Land Rover with financial support, but refused to indicate whether the money is going to be used for new models or for i...
SsangYong Shuts Down Operations, Protests Announced
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although we've heard a lot of reports claiming that global automakers may file for bankruptcy due to the financial crisis, none of them actually got so far, with governments or majority share h...
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...
GM Announces Major Q1 2009 Production Cut
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors is surely the most popular car manufacturer these days, but not necessarily thanks to the fact that it owns so many brands all around the world. It all started a few months ago when t...
Bush: TARP Funds Could Save Detroit
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / President George W. Bush today issued a new statement related to the domestic automotive industry, informing that a potential solution to rescue the almost-collapsed Detroit 3 would be the use of TA...
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...
GM CEO Drives to Washington in Hybrid Chevy Malibu
21 Nov 2012, 14:06 UTC · By: Alex Tudorache / As a result of the recent scandal in which the three CEOs were involved, GM's CEO Rick Wagoner will drive to Washington this week in a Chevrolet Malibu Hybrid to ask for bridge loans. L...
Fiat to Suspend 14 Production Plants
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although it initially seemed like European manufacturers are less affected by the economic crisis, recent news reported that major companies such as Volvo, Volkswagen and Saab started experiencing v...
Chrysler Idles Plants for One Month
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Chrysler continues its efforts to remain in the automotive industry with a new cost-cutting measure, this time related to its production plants all over the United States. The American company said ...
Chery May "Help" Chrysler Go Bankrupt
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Chrysler's race for survival may bite the dust due to an unexpected obstacle: Chery Automobile, the Chinese partner of the American company, may “convince” the United States Senate ...
US Gov Seeking for “Car Czar”
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The global recession soap-opera continues with a new report which came out today, with the House of Representatives Speaker Nancy Pelosi pointing that a “car czar” to supervise the Detro...
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...
Obama Promises More Funds for US Carmakers
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Barack Obama, US' new president, said in an interview with CBS that helping the local carmakers is a priority for the new administration because a potential collapse of the automotive industry ...
Chrysler to Cut Small SUV Production
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / With numerous companies heavily affected by the global economic crisis, Chrysler announced a couple of measures meant to reduce and minimize the effects. First of all, the American company said it w...
Chrysler Lures Dealers with Extra Cash
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / With most carmakers seeing their sales going down in the last few months, Chrysler tries a different market strategy that could help them deliver more cars to dealerships across the country. In shor...
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 ...
McCain: $25 Billion Should Be Enough to Revive Car Industry
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / John McCain said in an interview on NBC that the first $25 billion allocated to the automotive industry should be enough to help the companies affected by the global economic crisis, so new funds wo...