Workers at an LG Chem plant in Holland, Michigan have already been put on furlough before a single battery has come off the line. Workers have three weeks of paid “work”, and one week off unpaid at the $300 million plant.
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Further on the news that Stefan Jacoby is out at Volvo and that Hakan Samuelsson is in, the parties decided to forgo the face-saving explanation that the change was due to medical reasons. They confirmed that is was a boardroom brawl which Jacoby lost. In a press conference today, Volvo Vice-Chairman Hans-Olov Olsson said “that Jacoby’s illness had nothing to do with the decision to remove Jacoby,” Reuters says. Read More >
Infiniti’s often discussed future premium compact model will not be built at Magna-Steyr, but “in-house in a European production facility,” Infiniti says in an emailed statement. The car will still “share a platform developed with Mercedes.” Read More >
With Brazil’s national auto policy finalized, BMW has decided to go ahead with plans for an assembly plant in the country.
How does the French government save an ailing car maker that employs thousands of people without actually bailing out the auto maker? By baling out their finance unit, of course!
“When you are a young designer of course, you think everything is wrong and should be different… You want to conquer the world and with great ideas. But over the time you have to really understand what Golf is, what VW is, And to mature to a certain degree, I needed that time. It took 15 years before I really knew what I was talking about.”
Stefan Jacoby is out as Volvo’s CEO, with Hakan Samuelsson, former head of truck maker MAN, replacing him effective immediately.
The Voluntary Employee Beneficiary Association, or VEBA, was initiated as a way to get retiree healthcare costs off the books of Detroit’s auto makers. While VEBA makes balance sheets look better, they are still an exorbitant legacy costs for the Big Three, and things are about to get a lot worse.
GM’s stock is still considered a “Buy” in the eyes of much of Wall Street, but analysts say that more changes are needed to accelerate the pace of growth in the post-Bailout era.
Europe’s auto market implosion has led BMW to shift units earmarked for the continent over to the United States and China, where demand remains strong.
The first Chevrolet Corvette C7 will roll off the company’s Bowling Green, Kentucky assembly line on June 30th, 2013 – 60 years to the day after the first Corvette was built. Or at least that’s what Reuters is reporting, based on supplier information.
A Kia Sportage owner in the UK was in for a surprise after he found out that the “full leather” interior in his Kia Sportage was actually “…mainly plastic or vinyl.”
A comment several articles ago on quantifying ride evaluation (the ‘ass-o-meter’ as one commenter put it) lodged in my brain. It reminded me that I never expanded on the additional data acquired during this magazine test three summers ago. I’ll do that here, add a few words on the timed track testing and then give you hungry readers some enticing graphs, to balance out my verbose ramblings (wink wink!).
The Opel/Vauxhall Cascada got a surprisingly warm reception on TTAC, considering that it’s a ragtop with humble origins based on the Delta II platform (thank you, readers, for correcting my mistake).
British magazine AutoExpress managed to get its hands on leaked pictures of the 2014 Mazda3.
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