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A Fusion between GM and Chrysler could cost 74.000 jobs!

A Fusion between GM and Chrysler could cost 74.000 jobs!

According to an analysis of Grant Thornton LLP, if GM will succeed buying Chrysler from Cerberus Capital Management, 74, 000 jobs will be cut, most of them in North America. In first phase, GM would cut 12,000 hourly and 12,000 salaried Chrysler employees, including the 5,000 salaried jobs cuts Chrysler […]

Brembo owns now Brembo Ceramic Brake Systems (BCBS)

Brembo owns now Brembo Ceramic Brake Systems (BCBS)

Brembo Ceramic Brake Systems was set up in 2004 as fifty-fifty Joint Venture by Brembo and Daimler Chrysler (today Daimler AG). Today, Brembo SpA announced that it bought the rest of 50% from Dailmler AG for $11 million. BCBS is a leading company in manufacturing of composite ceramic braking systems […]

VW Increases Operating Profit by 15%

VW Increases Operating Profit by 15%

Despite the financial crisis, Volkswagen Group increased its deliveries, sales revenue and profit in the first nine months of the current fiscal year by 15%. Operating profit improved significantly by 15% to €4.9 billion. At €3.7 billion, Europe’s largest automobile manufacturer exceeded its prior-year profit after tax by 28.5%. “Volkswagen […]

Honda Begins Mass Production of Civic Sedans in Indiana.

Honda Begins Mass Production of Civic Sedans in Indiana.

Honda Manufacturing of Indiana, LLC today began mass production of the fuel-efficient, 4-cylinder Honda Civic sedan at its new facility in Greensburg, Indiana. The $550 million facility will ultimately produce 200,000 vehicles, and employ 2,000 associates at full capacity. “Withcontinued high demand for the Honda Civic, we are honored and […]

BMW Group DesignworksUSA has designed a luxury private jet.

BMW Group DesignworksUSA has designed a luxury private jet.

The first project for BMW Group DesignworksUSA Singapore Studio in Asian luxury experience took off this month in the form of design for BJETS, a luxury private jet service and the region’s first dedicated personal aviation provider. The partnership with BJETS leveraged on the consultancy’s insights in Asian premium lifestyle […]

West European Car Sales fell by 9.2%

West European Car Sales fell by 9.2%

After we report that US Car sales fell in September by 23% ( J.D. Power Automotive Forecasting announced that new-car sales in western Europe fell by 9.2 percent to 1.21 million units in September.  ( If we take the Year – to – date report, we have a fell by […]

Volkswagen listed in two Dow Jones Sustainability Indexes

Volkswagen listed in two Dow Jones Sustainability Indexes

Volkswagen has now qualified for two prestigious sustainability indexes: the Dow Jones Sustainability World Index, considered to be the world’s leading sustainability index, and the Dow Jones Sustainability STOXX. Apart from recognizing achievements in highly-efficient technological solutions and environmental protection, the latest evaluation places special emphasis on progress in human […]

Porsche wants to buy Audi

Porsche wants to buy Audi

Porsche on Monday launched a mandatory offer for Volkswagen premium unit Audi, a move expected after Porsche’s stake in VW gave it a de facto majority at general meetings. Porsche said in a statement it had no intention of removing Audi from the Volkswagen group and was thus offering only […]

Mazda Production and Sales Results for August 2008

Mazda Production and Sales Results for August 2008

Mazda Motor Corporation’s production and sales results for August 2008 are summarized below. I. Production Breakdown Aug. 2008 Jan. – Aug. 2008 Units YoY Change (%) Units YoY Change (%) DOMESTIC PRODUCTION Passenger Cars 73,356 +4.4 720,586 +20.9 Commercial Vehicles 2,820 +26.3 28,342 -0.6 Total 76,176 +5.0 748,928 +19.9 OVERSEAS […]