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Ford reduces summer shutdown, plans to increase capacity by 200,000 units
Ford Motor Co. said will reduce summer shutdown this year by idling select plants for only one week during what has been the traditional two-week summer shutdown. The company intends to add an additional 200,000 units of annual straight-time capacity this year. It will produce an extra 40,000 units by idling select plants for only [...]
Chevrolet prices Spark EV, announces lease as low as $199/month
Chevrolet has priced the new 2014 Spark EV 1LT at $27,495, as low as $19,995 net of the full federal tax credit which ranges from $0 to $7,500, and includes $810 destination freight charge. The company announced a low mileage lease on the Spark EV for as low as $199 per month for 36 months, [...]
Tesla repays DOE $451.8M loan
Tesla Motors on May 22 said it has repaid a $451.8 million loan it received from the U.S. Department of Energy (DOE) in 2010. For the loan payment, the company used a portion of the about $1 billion in funds raised in last week’s concurrent offerings of common stock and convertible senior notes. Following this [...]
Ford to shut Australian auto plants in 2016
Ford said it will shut down its two auto plants in Australia and will end production in the country in 2016. The company cited soaring manufacturing costs and plummeting sales as reasons for this shut down. The company’s production plants are located in the state of Victoria. Ford Australia President Bob Graziano said reduced demand [...]
GM hires 110 school students as summer interns in Detroit
General Motors (GM) has hired 110 high school students as summer interns to help clean up the Detroit city, perform service projects and learn life skills, The Detroit News reports. The student interns were hired under the two-month GM Student Corps program. According to GM North America President Mark Reuss, the program would give the [...]
Former Saab execs arrested on accounting fraud charges
The Associated Press reports that three former executives of Saab have been arrested on accounting fraud charges. According to Swedish prosecutor Olof Sahlgren, these executives are “suspected of aggravated attempts to avoid tax controls” by allegedly falsifying parts of Saab’s accounts between 2010 and 2011 — a crime that carries a sentence of up to [...]
Chrysler recalls 469,000 SUVs to fix gearshift problem
Chrysler is recalling about 469,000 SUVs worldwide to fix a gearshift issue. The recall affects 2006- to 2010-model-year Jeep Commanders and 2005 to 2010 Jeep Grand Cherokees. A Chrysler spokesman said that the company was aware of 26 accidents and 2 injuries related to the gearshift problem but no fatalities. Also, Chrysler is recalling 532 [...]
VW To Retrofit 250k Late-Model Diesels Over Misfueling Issues
Diesel engines and gasoline don’t usually play well together and Volkswagen has caught some flack from North American owners about the costly repairs that aren’t covered under warranty when a diesel vehicle is filled with gasoline. So to prevent any future misfueling issues, VW plans to retrofit any 2009-2012 Jetta and 2010-2012 Golf with TDI [...]
BMW recalls 220,000 vehicles over airbag issue
BMW is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 due to problems with airbags made by Takata Corp. The recall includes BMW’s 3-Series sedans, coupes, convertibles and station wagons. “The Takata-made airbags for the front passenger seat may not inflate correctly because of a manufacturing defect in the propellant used in [...]
Hennessey Builds Supercharged Raptor SUV
What happens when the amazing Ford Raptor is reworked by the custom hotrod builder Hennessey who set out to fill the overwhelming void of a full-size pre-runner SUV? The 600 horsepower VelociRaptor is what happens. The folks at Hennessey have taken a stock Ford Raptor CrewCab and added a SUV-style rear end that replaces the [...]
