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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
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
Posted in Asia, automotive, Business, China
Tagged car manufacturing, China, Chinese industry, ford, Sweden, Volvo
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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
Posted in automotive, Business, USA
Tagged automobile, automobile manufacturer, Automotive industry, Cadillac, car, cars, Chevrolet, Daewoo, detroit, general motors, GM, Oldsmobile, Opel, Pontiac, Vauxhall
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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
Posted in automotive, Business, Economy
Tagged chrysler, Fiat, Sergio Marchionne, US carmakers., WSJ
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