Ford Announces Plans to Invest $550 Million in Michigan Assembly Plant
Ford has announced plans to turn its former Michigan truck plant into a more modern small car production facility. Ford is going to invest $550 million in the Michigan Assembly Plant to transform it into a "lean, green and flexible" plant that will build the next-generation global Ford Focus and a new battery-electric version for the North American market. The...
GM Adds Extra Shift at Oshawa Plant Due to Camaro Demand
Demand for the 2010 Chevy Camaro has prompted GM to add a shift for the week of June 29th at the Oshawa, Ontario plant. That week was originally planned as a week off. The Peterborough Examiner is also reporting that the flex line workers will begin working overtime on Saturdays during June, July and August. Full Story: Detroit News
Chrysler Announces New Incentives to Give Buyers What They Want
Chrysler has announced new incentives for the month of May to move more of its vehicles off dealer lots by giving buyers what they want...more cash. Beginning today, Chrysler is now offering $4,000 consumer cash on 2009 vehicles, $1,000 owner loyalty for current Chrysler owners and $1,000 credit union bonus cash for qualified members. So that basically means that some...
Saturn May be Dead, But Hybrid Technology Will Live On
GM has announced in its most recent Viability Plan to pull forward the resolution of Saturn by the end of 2009. So even though Saturn will not be a part of GM by the end of the year, the automaker is going to move forward with the hybrid plans that were initially planned for Saturn. Saturn currently has two hybrids...
Knight Rider is Officially Dead…Finally!
It's official NBC has canceled the unloved remake of the Knight Rider series. NBC unveiled its list of shows this fall and the show with horrible acting was missing from the roster. Knight Rider joins “Lipstick Jungle,” “Kath & Kim,” “Kings,” “My Own Worst Enemy” and “Crusoe” as the shows that are gone forever from NBCs lineup. Full Story: LA Times
Chrysler's Bankruptcy to Delay Some 2010 and 2011 Models
Last week Chrysler officially declared Chapter 11 and now more details are surfacing about what the future holds for the automaker. Chrysler’s manufacturing chief Frank Ewasyshyn recently stated in court that the bankruptcy and plant shutdowns are going to delay the introduction of the 2010 models and that some 2011 models may also be delayed. Once Chrysler starts producing vehicles...
Chrysler/ Fiat Partnership: Which Cars are We Likely to Get in the US and Which Ones Will be Gone?
Now that Chrysler and Fiat have managed to come to an agreement and Chrysler has officially entered Chapter 11 bankruptcy, what is next? Industry analysts predict that by 2011 a Fiat-run Chrysler will look very different in the US. Many of Chrysler's under performing models will likely be nixed and replaced by Fiat sourced models and some will not...
All Eyes on GM Following Chrysler's Bankruptcy…Will GM be Next?
Following the announcement of Chrysler's bankruptcy yesterday, attention is now focusing on what will happen to GM at the end of this month. GM has a deadline of June 1st to convince 90 percent of its bondholders to swap $27 billion in debt for a 10 percent stake in the company. If the United Auto Workers and bondholders cannot agree...
Chrysler's Nardelli to Walk Away with Nothing
Part of yesterday's announcement that Chrysler is going to enter Chapter 11 bankruptcy proceedings is that Chrysler’s chairman and chief executive, Bob Nardelli will step down once the restructuring process is complete. When Nardelli leaves Chrysler, he will leave with nothing. Meaning he will not get a hefty severance package. I’ll pick up my pencil and walk out the door”,...
Now That Pontiac is Dead…Will Pontiacs Become a Collectors Item?
The news that GM has killed Pontiac may make some of you want to rush out and buy a G8 or Solstice in the hope that it may one day become a collectors item, but you may want to rethink that. According to General Manager Rob Huting of AutoTrader Classic, the current Pontiacs are unlikely to become significant to collectors....
