The boss of SAIPA, Iran’s second biggest car maker claims that they’ve been contacted by some ‘ big automakers ‘ from America and they’ve invited them to participate in joint projects! according to an Iranian news agency. He wouldn’t say in which fields they gonna participate! Mehrdad Bazrpash adds that the economic downturn caused even [...]

With the rise of global financial turmoil, which was like an Alien attack to be honest!, even the wealthiest markets didn’t remain unharmed. UAE’s car market is the classic point in this matter! Now dealers are teaming up with banks to offer more loans and credits in hope to give sales a boost! Read More… [...]

The global financial crisis is claiming victims and the latest are bosses of two giant auto makers. Rick Wagoner of General Motors and Christian Streiff of PSA Peugeot Citroen, both got fired! Read More… Wagoner actually has to step down because Obama ordered him to do so! and that’s a good decision by the president, [...]

And guess why! Yep due to global financial crisis organizers decided not having it at all is better than planning a show against a background of uncertainty. Attending the show will cost every manufacturer at least 5 million quid. Read More… “The manufacturers are all in the process of making redundancies, cutting salaries, cutting working [...]

German luxury auto maker BMW reported on Thursday that net profit last year slumped 89.5 percent, after a loss in the fourth quarter, and slashed its dividend by about two thirds. Read More… Net profit for the year dropped to 330 million euros (422 million dollars), compared with analyst forecasts for one billion euros. The [...]

Here it is! Finally there is a picture of one of the most anticipated race cars, the new Audi R15 TDI Le Mans doing some laps at Vallelunga circuit. It replaces the R10 and features a totally new face. The R10 was similar to its predecessor R8 in terms of appearance but the R15 has [...]

It started by Honda pulling out if Formula1 and then Audi left ALMS and it was all because of economy downturn. Now another punch into motor sport’s face, Subaru pulls out of World Rally Championship and Porsche says bye-bye to its ALMS career. Read More… The German sports car maker announced that they won’t compete [...]