Lamborghini sales drop 37 per cent as crisis worsens

The Italian supercarmaker Lamborghini has reported that worldwide sales dropped a whopping 37 per cent Share

GM to cut 21,000 jobs in the US

General Motors announced Monday it will cut 21,000 jobs Share

Ford posts $1.4 Billion 1Q loss; 40% decline in sales

Friday, Ford MOtor Co. reported a steep $1.4 Billion loss for this year’s first quarter Share

GM shares drop to 70 year low

General Motors Corp. (GM) shares collapse to a 70 year low as investors see confidence in the auto industry evaporate. Share

Daimler reports 4Q 2008 loss

Daimler AG, the world’s second largest maker of luxury cars announced a fourth quarter net loss of 1.53 billion euros Share

Nissan to slash 20,000 jobs

The automaker Nissan Motor said yesterday it would eliminate 20,000 jobs, or 9 percent of its workforce. Share

Porsche feels the global economic crisis

Porsche Automobil Holding SE, announced today that due to the global economic ciriss, the company’s sales have dropped by 14.3 per cent. Share

Ssangyong Motor files for bankruptcy

The South Korean unit of the largest Chinese automaker Ssangyong Motor, filed for bankruptcy protection Share

The world’s largest automaker on the verge of collapse

GM, the world’s largest automaker is going through some very serious times. As reported by Freep.com, General Motors “revelaed a dire financial outlook Friday that has the company teetering on the edge of bankruptcy.” Sales have dropped...