Today, Toyota announced they are going to temporarily shut down all of their manufacturing plants in Japan. The plan to close 12 factories for 11 days through February and March is to combat a rising supply of unsold new cars. As far as we know, 4 of them produce Toyota vehicles while the other ones [...]

Forget about the financial crisis ! Ford has unveiled the first official details and photos with the new Shelby GT 500, one of the most powerful and fastest “series” Mustang in history.

The top version of the new Mustang is propelled by a V8 supercharged engine that develops no less than 540 HP and approx. 690 [...]

The US Senate has rejected a compromise deal that would see Detroit’s Big Three get $14 billion in bailout money. In this case, GM and Chrysler can’t make it past the New Year and this doesn’t affect the US but the whole world where these companies trade, have factories, dealers, workers and other peripheral suppliers.

Only for one month. As you know, the financial crisis isn’t over yet and once in a while you’ll hear about emerging marketing potentially saving the day for each automakers’ finances. Until now, Russia was a good market for autos but it turns out that Russians aren’t buying cars anymore. In my opinion that’s a [...]

Ford Motor Co., the firt of the Detroit 3 to submit its plan to qualify for federal aid, declared that they don’t expect to make money until at least 2011.

What happends before 2011? Well,according to a news release, Ford expects global and North American auto businesses to reach break-even or be profitable on a [...]

The U.S. auto sales decline of a least 25 percent for November 2008, as tight credit and concerns about the Detroit 3’s survival kept demand at the lowest levels in a quarter century. This drop seems to be the industry’s 17th in the past 18 months.

The reports should go out tomorrow when General Motors, Ford [...]

Ford Motor Co. declared on Monday that “it will re-evaluate strategic options for Volvo Car Corp., including the possible sale”. They also said tha the decision to renew its options for Volvo is due to the “significant decline” in the auto industry, especially in the last three months.

The study in which Ford Motor Co. leads all automakers with 16 “top safety picks” among 2009 cars and trucks, is made by the Insurance Institute for Highway Safety, an institute that works for auto insurers.

Among the factors accounting for the increase: greater use by automakers of seats and head restraints that meet the institute’s [...]