Cars
European Economic Crisis May Lead to Delay of Bentley and Lamborghini SUVs
The ongoing European debt crisis was bound to touch even Germany's finest in one way or another. While Europe's biggest carmaker, the Volkswagen Group, doesn't have a problem yet, the company's decision makers believe it's wise to prepare for the worst and save some cash aside by putting on hold certain projects. Inside sources told Autonews and Reuters that VW officials might delay the introductions of two new SUVs from Bentley and Lamborghini, among other vehicles.
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Gm Europe Becomes Opel Group, Considers Adding Budget Cars To Rival Dacia
General Motors announced that GM Europe has been renamed Opel Group to reflect the “widened scope of European activities". Effective July 1, 2014, the decision sees Opel Group lead GM’s European business including Russia, with the new...
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Euro Debt Crisis Reaches Vw's Front Door, Cuts 2012 W. European Sales Target By 140,000 Vehicles
It was bound to happen sooner rather than later. The European sovereign debt crisis that started in Greece and spread to other countries including Cyprus, Portugal, Ireland and Spain, is beginning to have a deeper effect on companies like Volkswagen....
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Volvo Not Affected By Crisis, Will Add More Than 10,000 Workers By 2020 But Most Will Be In China…
Not all car manufacturers are suffering from the economic crisis that is currently raging in Europe. Volvo, for one, is expecting to sell between 430,000-440,000 units this year, compared to 374,000 cars last year. According to the Swedish carmaker’s...
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Italian Ministry Orders 19 Maserati Quattroporte Limos Amidst Severe Eu Economic Crisis
Unless you’ve been living in a cave these past few months and were completely cut-off from the outside world, you’ll surely have heard of the European economic crisis that started with the Greek debt and is now threatening to engulf many...
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Fiat Group Postpones Lancia's U.k. Re-launch Indefinitely
The Fiat Group seems to be making a habit out of announcing plans for the reintroduction of one of its brands in key markets and then, for whatever reasons, it postpones its plans - e.g. Alfa Romeo's return to the U.S... The Latest victim of this...
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