economic crisis


Ferrari denies trouble despite layoffs this week

This may come as a surprise, but Ferrari is apparently mortal. Although it has denied being affected by the global economic crisis, the Italian supercar maker has announced plans to lay off up to 10 percent of its workforce this week. This comes on the heels of announcing in November that sales had dropped from around 600 units per month to a miniscule 92 sales worldwide. As many as 300 workers could be idled after negotiations with Italy's trade unions. So much for thinking it might be recession-proof. For now the Maranello company has ... Read more →

Toyota expected to post first annual sales decline in 10 years Chris Tutor

We knew the auto industry was in bad shape and it didn't take long to extend its poisoned-tipped tentacles into the world's automotive juggernaut. In August came news that the Japanese automaker had ...

Ferrari denies trouble despite layoffs this week 1 year ago on Autoblog

This may come as a surprise, but Ferrari is apparently mortal. Although it has denied being affected by the global economic crisis, the Italian supercar maker has announced plans to lay off up to 10 percent of its workforce this week. This comes on the heels of announcing in November that sales had ...

Toyota expected to post first annual sales decline in 10 years 1 year ago on Autoblog

We knew the auto industry was in bad shape and it didn't take long to extend its poisoned-tipped tentacles into the world's automotive juggernaut. In August came news that the Japanese automaker had cut its sales forecast for 2008 from 10.4 million vehicles to 9.7 million. A Japanese newspaper, ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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