General Motors (GM) is facing major losses in China, one of the most important markets for the global automotive industry. The company is expecting to lose over $5 billion due to declining sales a
Since the Dieselgate scandal, Volkswagen has faced an unprecedented crisis that has forced it to take drastic measures to cut operating costs. Thomas Schafer, chief executive of the German brand, conf
Hoonigan, the brand that Ken Block started, has found itself in a tough spot financially, recently filing for Chapter 11 bankruptcy in Delaware. The company’s debt has climbed to a staggering $1
Fanatec, which develops wheels, pedals, and shifters for specialist cockpits and sim racing setups, may be in peril. On Tuesday, Endor AG, its parent company, filed for bankruptcy in a German court af
Alleged misconduct involving emissions-cheating diesel engines has Toyota in hot water with Japan's transport ministry. These engines were reportedly used for models such as the Land Cruiser 300 a
Long story short - the Chinese EV maker has filed for bankruptcy. Wanna hear the long story? Keep reading. In the ever-growing landscape of Chinese EV makers, WM Motors stands out—not ju
How strange may seem this news but one thing is certain, those from FIAT put on sale Ferrari! The president of the corporation "Chrysler Fiat Automobiles NV", Sergio Marchionne, said that
The company Citroen will have a new CEO starting with June. The French brand will be led by Linda Jackson, the current head of the division in the UK and Ireland of the company. Jackson will replace F
The new restructuring plan of the PSA group involves a modelsâ relocation beside a different placement of the two car brands from the portfolio. Frederic Banzet, Citroen executive director,