Toyota Reports US$6.9 Billion First Quarter Loss

Toyota Reports US$6.9 Billion First Quarter Loss

It’s been one hell of a ride for Toyota in the last couple of years. Prior to ‘the great economic unpleasantness’, the Japanese automaker had positioned itself securely as the number one car company in the world and the poster-child for profitability.

Toyota, however, hasn’t managed to avoid the global recession and massive shake-up in world [...]

Ssangyong To Cut 37 Percent Of Its Workforce?

Ssangyong To Cut 37 Percent Of Its Workforce?

We’ve been following SsangYong’s struggle to gain traction in a woeful global market and it now appears that significant workforce cuts may be inevitable.

According to Gasgoo.com, a decision has been made by the Korean carmaker to lay off 37 percent of its workforce (about 2,700 people), by the end of June.

It is hoped that [...]

Mitsubishi Reviews European Operations: Jobs Exit, Green Cars Enter

Mitsubishi Reviews European Operations: Jobs Exit, Green Cars Enter

As a result of falling sales for the brand, Mitsubishi Motors is looking at making changes to the way it conducts its business in the European market.

Mitsubishi will move about 45 percent of its white-collar roles such as Sales, Marketing, Business Planning and Product Management to Japan. Remaining functions of the company will be overseen [...]

General Motors’ Future In “Substantial Doubt”

General Motors’ Future In “Substantial Doubt”

With whispers of General Motors’ possible bankruptcy growing louder each day, auditors to the firm have released a report claiming there is “substantial doubt” surrounding the car maker’s ability to continue operations.

GM has struggled to generate cash flow in the worst automotive market for 27 years. Poor product planning, slow moving development of new models and [...]

Aston Martin Ownership-Slice Up For Grabs

Aston Martin Ownership-Slice Up For Grabs

Have you noticed the ‘For Sale’ signs popping up around the neighbourhood? Automakers everywhere are standing on street corners, peddling their wares in the hope of attracting investors. The latest to offer a slice of itself is Aston Martin.

It appears there is more to the announcement of Aston’s Lagonda brand than just a brash new SUV-saloon-tourer-thingy [...]

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