Solar Energy Firm Makes $1.2bn Bid for Opel
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While General Motors strives to find a way to revamp its sales and re-become the world's largest car manufacturer, its German brand Opel received the most surprising takeover bid it would ever ...
GM Gets Ready for Bankruptcy
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although US car manufacturers struggle to get through the economic crisis, General Motors acknowledges that things can get even worse and hired a special bankruptcy counsel and restructuring adviser...
Honda Considering Moving Headquarters Outside Japan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although we're getting used to reports regarding the victims of the global economic crisis, today's news is a bit different, with Japanese manufacturer Honda threatening the local governme...
Former Massachusetts Governor: Detroit Should Go Bankrupt!
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / While companies around the world struggle to face the global recession and Detroit 3 begs for government assistance, Mitt Romney, former Massachusetts Governor comes with a shocking solution to all ...
Hyundai, Kia Delay Payments to Managers
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although it initially seemed like Japanese companies were less involved into what seems to be the toughest period in the history of the global automotive industry, the financial recession now starts...
Suppliers Put Pressure on Chrysler, Demand Cash
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although it's a well known the fact that Chrysler is encountering the most difficult period in its history, with bankruptcy almost imminent, it seems like things can get even worse for the Amer...
Mercedes Still in Love with Hungary
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Mercedes recently confirmed that it will continue its expansion in Hungary, denying rumors saying that the German company may retract the investment due to the global economic crisis, The Budapest T...
Renault's Dacia Ceases Production From Nov. 20 to Dec. 7
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / After sales of most American carmakers were massively reduced by the much-debated economic crisis, the global recession is now heading to Europe where local car manufacturer have already announced a...
UAW Retirees Receive GM “Christmas Bonus”
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even if the still-called the largest carmaker in the world General Motors repeatedly said it may run out of cash in early 2009, it still has to make a number of payments which, in the opinion of the...
SEAT Alters 2009 Production
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Spanish carmaker SEAT is the latest victim of the global recession as the company has just announced that it decided to modify the initial production schedule due to the decreasing demand on most ma...
Volkswagen Reports Poor Sales in December
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / There's no wonder that automakers report very low sales in most markets, so today's piece of news telling you about poor sales brought by Volkswagen follows the same pessimistic trend. Acc...
MINI, Mini on the Wall, Which Is the Best Car Type of Them All?...
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / ... is it the gas guzzling SUV, the comfy sedan or the toys'r'us micro cars? There’s no doubt the financial downturn changed the automotive industry but, beside these reports telling...
SEAT Removes 330 Jobs in Spain
14 Jan 2010, 10:54 UTC · By: Bogdan Popa / Unfortunately for all those involved in the auto industry, the economic environment continues to remain extremely unstable and every single drop in demand leads to significant measures in this parti...
VW: South Africa Is on the Verge of Collapse
9 Oct 2009, 10:40 UTC · By: Bogdan Popa / South Africa is undoubtedly a ruined auto industry, especially if taking into account the consequences of the economic recession. In order for the local auto sector to stay alive, the country has to...
Ford Ready for New Cost Cutting Measures
17 Sep 2009, 09:02 UTC · By: Bogdan Popa / Ford is the only member of the Detroit 3 group that hasn't asked for financial support from the United States and the company says the first signs of recovery are already appearing. Obviously, ...
AvtoVAZ to Cut 5,000 Jobs
11 Sep 2009, 14:57 UTC · By: Bogdan Popa / The collapse the Russian auto sector is experiencing is getting more serious by the day and automakers selling cars in the country are forced to impose the same cost-cutting measures we've seen...
Turkish Market to Drop 20 Percent in 2010...
8 Sep 2009, 07:14 UTC · By: Bogdan Popa / ... or at least this is what Oyak Cement and Automotive Companies Chairman Celal Caglar expects to happen. Oyak Group is holding a partnership with French manufacturer Renault and competes against o...
Holden to Cut 200 Jobs
26 Aug 2009, 08:55 UTC · By: Bogdan Popa / The economic environment is still difficult for GM's Australian carmaker Holden who recently confirmed that it will cut approximately 200 jobs, most of them currently at the Melbourne headquart...
Chrysler PT Cruiser Saved from Death
2 Aug 2009, 08:56 UTC · By: Bogdan Popa / If you’re one of those guys who don’t believe in miracles, you should change your mind because one has just happened. Chrysler announced it won’t kill the PT Cruiser after all so p...
Kamaz Stops Truck Production in August
31 Jul 2009, 07:45 UTC · By: Bogdan Popa / Russian automakers, together with carmakers selling cars in the country, are encountering much more problems than companies who are marketing their models in the rest of the Europe and the situation...