Category Archives: automotive

GM to accelerate Volt Electric Car production

General Motors is stepping up production of its new Chevrolet Volt electric car in response to “huge demand,” according to a statement by a top executive yesterday. GM product chief, Tom Stephens, was Speaking at an event where the Volt … Continue reading

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Volvo now Chinese

Chinese car maker Geely has bought Volvo from Ford Motor Company in a deal said to be worth more than $1.75Billion. The company, based in China, says it will maintain Volvo’s manufacturing presence in Sweden and Belgium, but will consider … Continue reading

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GM to cut 1600 jobs in USA

General Motors has announced this morning that it is about to cut 1600 jobs in the United States this week as the company rushes to meet a June 1st deadline to restructure its operation under U.S. government oversight. The reductions … Continue reading

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Fiat and Chrysler “merger” will meet Feb 17 deadline

Italian carmaker Fiat’s CEO told the Wall Street Journal that Fiat isĀ  analyzing Chrysler for its intended alliance with the company but will conclude so Chrysler meets a February 17 U.S. government deadline. Under the terms of federal loans that … Continue reading

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