Tata Motors today reported its first annual loss in eight years and warned of more job cuts and plant shutdowns at the loss-making Jaguar/Land Rover unit. Tata said that it is preparing for “major belt-tightening” and will be looking to cut costs wherever possible. “The lightening struck some time in the middle of last year, [...]
Here it is – that time of the day again where we like ramble on about some random things going on in the automotive industry. Cook pizza in your car via portable toaster: So you woke up late for work this morning and don’t have enough time to put together a nice lunch for yourself. [...]
A state radio reported yesterday that China’s top economic planning agency is likely to reject Sichuan Tengzhong’s bid to buy Hummer from General Motors. The National Development and Reform Commission (NDRC) says it is worried that Tengzhong doesn’t have enough experience and resources to run the Hummer SUV business. The report also said that Hummer’s gas-guzzling [...]
Sanyo Electric Co Ltd announced that it plans on boosting its capacity to make nickel-metal hydride batteries for use in hybrid vehicles. The Japanese company said that it plans to increase capacity by 75 percent to 3.5 million cells a month by March 2010 to meet increasing demand. As demand for new gasoline-powered cars declines [...]
As reported earlier this morning, GM has officially confirmed that it has chosen the its Orion Township, Mich. assembly plant and its stamping facility in Pontiac, Mich., to build a new small-car. Unfortunately GM remains tight-lipped on what the small-car is going to be. “This is great news for our members at UAW Local 5960, [...]
The Mustang’s favorite tuning firm Shelby Automobiles has unveiled its new Super Snake package for the 2010 Ford Shelby GT500. The new Super Snake package, to be built in limited numbers, offers enhancements that gives the 2010 Shelby GT500 better handling, styling and higher output ranging from 630-hp to 725-hp. The prices for the 630-hp [...]
While Chevrolet and Dodge may be marketing their new muscle cars the traditional way, Ford has planned a variety of different campaigns to keep those interested in the 2010 Mustang from looking at anything else but its new pony car. One of the many campaigns pursued by Ford is the ”˜10 Unleashed program, which gives Mustang lovers [...]
Still confused about how that Cash for Clunkers program from the U.S. government works? Well, Ford is here to help out with the launch of a new site called “Let Ford Recycle Your Ride.” “Beginning Thursday, June 25, Ford will dedicate a section on its www.ford.com Web site to take out all the guesswork on [...]
Last week, Koenigsegg and General Motors reached a deal that give the Saab brand over to the small Swedish supercar manufacturer. “The sale, expected to close by the end of the third quarter of this year, includes an expected $600 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government,” GM [...]
Sources reported Thursday that General Motors has picked its Orion Township plant over its Tennessee and Wisconsin factories to build a new small-car. Building the compact car at its Orion plant is expected to save some 1,200 jobs. GM is expected to release an official press release after its board of directors approve the plan, which [...]
