Archive for the ‘Industry’ Category

General Motors is investing more than $230 million in four plants in the greater Flint, Michigan area to support the production of the upcoming 2011 Chevrolet Cruze and 2011 Chevrolet Volt, a move that will form more than 500 jobs. The four plants include Flint Engine South, Flint Metal Center, Flint Tool & Die and Grand Blanc Weld Tool Center.

Key activities performed by the four plants include development of automated equipment and tooling for the Cruze and Volt assembly plants, die development and stamping of body panels and other components and the manufacturing and assembly of key powertrain components including the 1.4-liter...

Follow us on Twitter: @highgearmedia @carconnection @therealma @greencarreports and join our Facebook fan page

Follow Porsche on Facebook and Twitter @porschenewswire Maybe the whole world of social media is second nature to you--MySpace, Tumblr, Twitter and Facebook, you're everywhere, dude. But to the automotive world, social media's a brave experiment and sometimes, a dangerous new frontier. Remember what happened to Honda with those first Accord Crosstour pics on Facebook? It's a lesson learned in what not to wear, and more brightly, in how to respond quickly to avoid a box-office slaughter.

While a handful of brands like Honda and Ford...

The recently announced alliance with Fiat notwithstanding, Chrysler's current position in the market is regarded as precarious by buyers and analysts alike. New CEO Sergio Marchionne is more optimistic, however, stating that Chrysler will be profitable within the next two years.

Early next month Marchionne will divulge Chrysler’s five-year business plan, which he has revealed will include plans for a new initial public offering of stock as early as 2011. The plan will also lay out the schedule for Chrysler’s quarterly financial statements announcements, which the company now has to make because of its public ownership. Under the...