The Germans over at BMW have revealed their intentions to go into electric power quite some time ago. Not long after came the announcement mentioning a dedication towards the Megacity project. So far, we've got the interesting bits sorted, brimmed with anticipation so here comes BMW's boring stuff, the plan, the economy, the business of the whole thing. The Bavarians...
The plans General Motors had installed for their dealer network have been slightly altered but are still headed for downsizing and, with this in mind, 900 GM dealerships have received a stay of execution from the company. According to Mark Reuss, GM North America President the schedule at the moment calls for approximately 5000 dealers in July. Mark Reuss has...
Chrysler CEO Sergio Marchionne has made a recent statement in which he confirmed his optimism in Chrysler’s performance since it has surpassed all expectations by achieving profitability and plugging a severe cash leak in less than a year since filing for bankruptcy. His statement was pretty much full of words of praise for the American company but it did contain...
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 aid in order to compete...
Ford Motor Company’s executive chairman William Clay Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays down more of its debt. During the same statement he also mentioned that shareholders don't have any right to complain, considering the soar in stock value and the fact that this year ended a 15-year...
Nissan has announced back in 2009 that it will be bringing forward a competitor for the Tata Nano at an equivalent price. Recently however Carlos Ghosn, Renault and Nissan CEO, has announced that the subcompact is not only expected to rival the cheap Nano but also to increase company profits. Quite a bit of burden on the small car that...
