Chrysler Group LLC’s new CEO Sergio Marchionne is not wasting anytime and is getting right down to work, bringing clarity and direction to the New Chrysler that exited bankruptcy just two weeks ago. Working from a modest office setting in the company’s Auburn Hills Technical Center, Marchionne has already compressed eight layers of management into [...]
General Motors spokesman Tom Wilkinson said that it plans to complete its 20 percent cut in its white-collar work force by October. The plan, which is detailed in letters to the bankrupt automaker’s employees sent out yesterday, will eliminate more than 4,000 jobs through layoffs and terminations. “This is what we’ve talked about – a [...]
Ford of Europe says that due to a weak British pound, it is being forced to increase prices on all of its products sold in the United Kingdom. Starting July 1, FoMoCo will increase the sticker price of all vehicles sold in the UK by an average of 4 percent. “In common with most of [...]
New Jersey was one of the first states to ban using hand-held cell phones for drivers. Now, a Jersey City assemblyman wants to ban drivers from using a GPC device while driving. Democrat L. Harvey Smith has introduced a new bill that would fine drivers that use a GPS unit while operating their vehicle. An [...]
The Fisker Karma Sunset hardtop convertible coupe has been named the 2009 Production Preview Concept of the Year by the North American Concept Vehicle of the Year Awards. CEO and founder Henrik Fisker accepted the honors yesterday during a ceremony at the Automotive Hall of Fame in Dearborn, Michigan. “We are honored the Karma Sunset has [...]
General Motors’ director of global energy Britta Gross said that GM will do “heavy lifting” to meet President Barack Obama’s goal of having one million plug-in hybrids and electric-vehicles on the road by 2015. Gross said that the White House’s goal could be a bit of a stretch for the industry to meet within six-years, [...]
We have yet to see the GTbyCitroen (or with spaces GT by Citroen) Concept out of pictures and away from auto show settings – until now. The concept took the streets of London yesterday to recreate part of the ‘street circuit’ featured in Gran Turismo video game. Citroen has yet to confirm anything about the [...]
During Chrysler’s bankruptcy process, the Auburn Hills automaker was formed into two groups: Old Chrysler, which would keep all the bad assets and New Chrysler, which would keep all of the best assets to form a new company called Chrysler Group LLC. Last week it was reported that the New Chrysler disclosed the termination of [...]
Nissan, the third automaker to get money from the $8 billion that the U.S. Department of Energy announced today, received a total of $1.6 billion to modify its Smyrna, Tennessee plant to produce zero-emission electric vehicles and lithium-ion battery packs to power them. Nissan said that it will offer its first electric-car in the U.S. [...]
FoMoCo announced today that it will receive $5.9 billion in loans out of the $8 billion that the Obama Administration announced in commitments for the development of advanced vehicle technologies. Ford will get its $5.9 billion in loans through 2011 to fund numerous engineering advances in traditional combustion engines and electric-vehicles. The loan will also [...]
