Posted in Automotive, Uncategorized on Oct 8th, 2008
In light of the current sales slump, Swedish car maker Volvo has announced that they will be eliminating 3,300 jobs at the company. Most of the cuts will come in Sweden where 2,700 people will be let go. In addition, 600 workers outside Sweden and 700 contract workers will also be let go.
Volvo ha been […]
Posted in Automotive, Uncategorized on Sep 30th, 2008
The European Union’s French presidency proposed on Tuesday watering down plans to curb greenhouse gas emissions from cars by phasing in limits up to 2015, with lower fines for narrowly missing the target. The plan was deemed by many inside the auto industry as too strict and unrealistic.
The EU’s executive Commission had originally proposed cutting […]
Posted in GM, Uncategorized on Sep 30th, 2008
General Motors made a recent announcement that the company will begin cutting U.S. contract workers as early as this week. The cuts are part of a bigger effort to reduce the automaker’s overall costs. The number of contract workers who will be dismissed is unclear, but it could be up to several hundred.
GM spokesman Tom […]
Posted in Uncategorized on Sep 30th, 2008
In Mexico, vehicle owners of larger and older vehicles could soon start paying higher taxes. Yet, under a bill submitted to the Mexican Congress by the Partido Verde Ecologista (Mexican Green Party), drivers of hybrid vehicles could be exempt from these new taxes.
The party’s proposal asks for exemptions on anybody purchasing 2009 hybrid vehicles. Not […]
Posted in Luxury vehicles, Automotive, Uncategorized on Sep 29th, 2008
As if a Bentley laptop computer wasn’t enough, luxury goods maker Alfred Dunhill has teamed up with the styling team for Bentley automobiles to come up with a set of luggage inspired by the famous British mark.
The new line will include a suitcase, weekend bag, briefcase and wash bag. All the pieces will be finished […]
Posted in Chevrolet, GM, Uncategorized on Sep 29th, 2008
General Motors CEO Rick Wagoner has recently announced this week that the automaker will build engines for the new Chevrolet Volt plug-in hybrid vehicle at a new plant in the state of Michigan.
The result of an investment of around $370 million by the General, the plant will begin making the company’s corporate global four-cylinder engines […]
Posted in Uncategorized on Sep 28th, 2008
Hows that song go? “Another one bites the dust….” Yup, yet another General Motors franchise dealership is closing it’s doors for good. This time though, it the biggest one of them all.
The world’s largest Chevrolet Dealer, Bill Heard Enterprises, has gone out of business. The company said in a recent statement that it is closing […]
Posted in Honda, Uncategorized on Sep 28th, 2008
Honda is fairing quite well in the U.S. market despite the situation getting worse and worse for a lot of auto manufactures. The company’s lineup of fuel efficient vehicles has been selling in record numbers lately with the advent of rising oil prices and the ever climbing costs associated with personal transportation.
Still, Satoshi Aoki, chairman […]
Posted in Automotive, Uncategorized on Sep 28th, 2008
Courtesy Pontiac-Buick-GMC, an AutoNation Inc. dealership in Longwood, Fla., shut its doors Thursday, Sept. 25 for good. The dealership is part of the AutoNation Group, the largest auto retailer in the country.
But company spokesman Marc Cannon stated that the shutdown had nothing to do with instability in the financial markets. Instead, he said, the closing […]
Posted in Uncategorized on Sep 28th, 2008
Chrysler LLC has seen better days. Just days after the announcement that the company has lost over $400 million so far this year, they announced they were going to lay off over 300 salaried workers.
Chrysler is turning to layoffs to reach the 1,000 salaried job reductions target that it announced in July. While Chrysler spokesman […]