The Collapse of the Auto Industry – Are Unions to Blame? According to the Indianapolis Star, in the year ending 2007, the average base wage for a GM blue-collar employee, was just under $28 an hour. GM officials. Auto industry concerned by price hike in iron ore The European automobile industry is very concerned by the sudden and massive increase in the price of iron ore, a crucial ... Read More

After launching a new compact crossover, another big announcement from Mitsubishi Motors. The Tri-Star automaker just announced that they will be launching a new little CUV in Europe which will be known as Mitsubishi ASX. The new vehicle will debut at the upcoming 2010 Geneva Motor Show this March. Reports also revealed that another version of the RVR/ASX model will be made available for the American markert. The model name for ... Read More

French carmaker PSA Peugeot Citroen is having talks with Mitsubishi Motors about a "strategic partnership" that could change the auto industry. According to a statement issued by a top management official from France's biggest automaker, they have "started discussions with Mitsubishi Motors concerning the possibility of extending their relationship." A report in Japan's Nikkei Business Daily have also said that Peugeot Citroen will buy 30-50% stake from the top Japan ... Read More