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GM Europe Says Failure Would Hit 300,000 Jobs

If General Motors Europe fails, it would cost up to 300,000 jobs across the continent, including workers at manufacturing plants, suppliers and dealers, GM Europe President Carl-Peter Forster said. Speaking at a press conference at the Geneva Car Show with GM Chief Operating Officer Frederick “Fritz” Henderson, Forster said the company has about 30 per […]

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Goodbye Commitment 2009 Says Renault

Prospects For 2009 Look Bleak And Red. For Those Willing To Look, There Are Positives. It has been obvious to investors for more than a year now, but Renault finally and officially ditched its ambitious targets, set by CEO Carlos Ghosn shortly after he took the job. Ghosn’s “Renault Commitment 2009” included the pledge to […]

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Peugeot Survival Looks Assured Thanks To Government Help

Cheap Loan Avoids Rights Issue Blow. Small Car Portfolio Ideal To Exploit Scrappage Plans. Peugeot-Citroen lost almost €350 million last year and is likely to lose more than €1 billion this year, but still has some supporters among investors. According to Nomura International, Peugeot-Citroen’s finances deteriorated faster than expected in 2008, and earnings and cash […]

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Nissan_Note-2009_1

Nissan Note review

Nissan Tunes Up The Note Minor Changes To The Front And Rear, More Colour Choices “Nissan Connect” Is A Major Plus For Audio, SatNav And Phone **** out of 5 “Being a Nissan, quality and reliability are bomb proof. I’m not sure how they do it with all that Renault stuff on board, but do it […]

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Fiat Abarth 500 review 2009

Fiat 500 Abarth review

Fast And Tiny, Cute As A Babies Boottee Sporty Performance, But Looks Will Put Off Jack The Lad “rear passengers won’t fit if they are bigger than Gianfranco Zola” *** out of 5 POOLE, Dorset Let me reveal my prejudices right from the start. I detest souped-up, cheap cars which make outrageously fast machines available to the […]

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Scrapping Schemes Gather Pace Across Europe

Can This Be A Rare Win/Win Situation? No. Negative Implications For Mix, But Beggars Can’t Be Choosers. Britain Strangely Reluctant To Join In. Government incentives for people to swap new cars for old seem to provide an almost magical solution where everybody wins. With many potential buyers sitting on their credit cards because they simply […]

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Sarkozy

France Plays Protectionist Card With Renault, Peugeot Aid

Sarkozy Orders Production, R&D, New Models Stay In France. Saves The Short-term, But Destroys Long-Term Profit Chances. Czech Republic Outraged, But Is E.U. Squared Away? France has bailed out Renault and Peugeot-Citroen, but investors worry that some of the terms of the loans may be threaten the companies’ long-term profitability, as well as possibly undermining […]

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2005 FORD MUSTANG

Europe Must Act Soon To Avoid Car Industry “Catastrophe”

Scrapping Incentives Will Give Short-Term Boost. France Action Risks Protectionist Vicious Circle. Hundreds Of Thousands Face Unemployment. “getting it wrong could turn out be unprecedented,  catastrophic” The European Union is dithering while its car industry faces a challenge so desperate it could lead to the bankruptcy of some of its must important companies and force […]

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Ford Fiesta ECOnetic review 2009

Ford Fiesta ECOnetic review

Ford Claims 76.3 Mpg For Fiesta ECOnetic Will This Claim Stand Up To Real-World Test? Ford Claims “Independent” Analysis Backs Up Numbers But Read “CleanGreenCars” Quote And Make Your Mind Up Ford’s greenest car, the Fiesta ECOnetic, is now on sale, but a combination of factors raise doubts about its usefulness. Can it really achieve […]

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