April 13, 2024
Gumpert

Gumpert files for bankruptcy

The current economical climate does seem to have hit the automotive enthusiasts with above average income quite hard recently. Even though every company in the world seems to be making a highly luxurious product nowadays and every high end brand is getting increased sales, Gumpert isn’t so fortunate. The German high end performance car maker

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Mazda

Mazda kills off RX-8 production

Mazda has long stood by RX lineup. The RX-7 barely barely held a candle against the likes of the 911 and other such rivals. The RX-8 however got a bit more of a break, it came with a better price, a lot more practicality and considerably better reviews. Despite this, Mazda never really managed to

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Alfa Romeo

Alfa Romeo SUV weighs a lot in the company’s future

Are you ready for another disappointment from one of the petrolheads favorite Italian brands? As far as Alfa Romeo is concerned if the company is to have a proper chance at the future, their upcoming SUV has to deliver the goods and sell like hot cakes.

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Chrysler

Chrysler hits profit, celebration at a later date

Remember that time about a couple of years ago when most of Detroit was on fire and everybody in America was out of money? Well actually, Detroit has been on fire for the last couple of decades and the focus back then was on how this town’s car makers were all bankrupt.

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Ford

Ford’s new products help Russian partner Sollers with finances

Even though Ford has been pretty much keeping a lid on actual sales figures they’ve been managing lately, it’s clear these aren’t small. We got our first hints from the Ford F-150 EcoBoost sales rushing up and from the Fiesta being top seller in Europe but somehow that didn’t seem substantiated enough.

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Kia

Kia’s first quarter is even more than excellent

For some time now we knew that the Koreans were doing pretty well financially but the latest of sales figures proof just how much we might be underestimating Kia. Hard figures suggest that Kia’s accountants drew the line at a total profit of $890 million for the first three months of 2011.

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Ford

Ford will soon be rolling in the money

My favorite of the Detroit Big Three, Ford, has announced that as a result of some changes around the company they may make quite a lot of money. The Blue Oval isn’t going to make much differences as far as the production, distribution and pricing but the difference is still amazing.

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Honda

Honda loses $180 million in a surprising way

Financial reports from the automotive industry come with mixed responses but this here bit of news in relation to a situation from Honda. As it turns out, the Japanese have just lost $180 million on a certain part of their business.

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Ford

Ford’s third quarter financial results are looking great

In a recent press release, Ford published their third quarter results and it seems the Blue Oval has reasons to be proud of itself. This is the sixth consecutive quarter the company makes a profit in. Furthermore this time the Dearborn based company managed a net income of $ 1.7 billion which is the sort

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General Motors Opel

Opel Junior still on track

Despite GM’s issues with obtaining a loan from the German government, and in fact their decision to quit asking and go in alone after they were clearly rejected, Opel has an interesting announcement to make. Opel has announced that the Junior, their city car is still well under development and will be unaffected by the

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Chrysler Dodge Jeep

Chrysler is announcing some interesting incentives for this month

Chrysler Group LLC has announced today the launch of some amazing financing incentives for potential customers. For starters you can have 0 percent financing for up to 60 months, and 1.9 percent financing for 72 months on most 2010 model year Chrysler, Dodge, Jeep and Ram truck vehicles as long as they are financed through

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General Motors Opel

Germany hasn’t decided on Opel’s aid

The German Government has yet to produce a final decision on the plan of helping Opel’s situation and this is creating quite a bit of tension as thousands of jobs at the GM unit remain attached to an uncertainty of the future. Opel has been loosing money for quite some time and is seeking Government

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Chrysler

Marchionne thinks a Chrysler IPO may happen in 2011

Chrysler, one of the two companies that make up Detroit’s Big Three who took the bailout money is not in the same rush GM is to get results. While GM’s CEO Ed Whitacre Jr. is in the center spot of public attention due to his plan to obtain a possible IPO by the end of

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Saab

Spyker looking for funding for a compact SAAB

Yesterday Spyker cars made a very conforting announcement for SAAB fans. The loss-making Swedish brand bought from GM no more than two months ago now has it’s production back on track. Another interesting statement from the same announcement mentioned the supercar maker’s desire to create a compact SAAB.

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Chrysler

Chrysler reports profits

Chrysler Group LLC has just revealed its latest figures and the most interesting one available is the operating profit margin that reaches 143 million dollars. The other interesting figure they published refers to the positive cash flow and the total of 8.9 billion dollars they have available.

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