Ford Announces $1.2B Investment to Build Bronco and Ranger in Michigan
The American automaker will invest $1.2 billion in three Michigan factories.
investment
GM Investing $1.2 Billion in Fort Wayne Pickup Plant
Trucks are big business in North America and the Detroit Three reap a lot of their profits from these rough-and-tumble vehicles. To stay ahead of its rivals GM just announced that it’s “makin’ it rain in Fort Wayne” by sinking $1.2 billion into this Indiana pickup plant.
Fiat Chrysler Automobiles Makes Wall Street Debut
Fiat Chrysler Automobiles (FCA) made its Wall Street Debut today. The Italian company is working to shift its focus from Europe to the United States.
Aston Martin Plans to Lose Money for Two More Years
Aston Martin is going to lose an awful lot of money in the future, but the company says that’s OK because it expects to earn each of those pounds back and then some.
Audi Investing $30.3 Billion on Expansion by 2018
Audi isn’t content with being number two in the worldwide luxury auto market and will invest $30.3 billion by 2018 to expand its product portfolio.
Toyota Investing $28 Million in Michigan Facilities
Michigan, it’s more than just Great Lakes, the Big Three and the largest municipal bankruptcy in U.S. history. To the surprise of many, GM, Ford and Chrysler aren’t the only games in town. Practically every major OEM and supplier company has offices, technical centers or test facilities in the mitten state, and Toyota is making...
Aston Martin Investindustrial Tie-Up Confirmed
Aston Martin confirmed that its partnership with Italian investment fund Investindustrial is complete.
GM Investing 4B Euros in Opel, Keeping Brand Alive
Should General Motors’ German subsidiary be scrapped? Not according to its American parent, which plans to pour four billion Euros into it through 2016.
Aston Martin, AMG Engine Tie-Up Talks Confirmed
British sports car maker Aston Martin is discussing a possible tie-up with Mercedes’ AMG arm to co-develop engines.
Fords Reclaims its Logo: The Blue Oval is Back
After almost six years since Ford put up everything it had as collateral to the banks, the coveted ‘Blue Oval’ is back where it belongs.
Warren Buffett Buys 10 Million Shares of GM
Warren Buffett must have been a wealthy lemming in a past life, because when he dives from a cliff others follow — often into a pit of money. His latest plunge involved acquiring 10 million shares of General Motors, which could signal future strength for the company.
De Tomaso Dead in the Water, no New Pantera Coming
As much as it would have been fantastic to see the mighty De Tomaso Pantera resurrected, it seems the dream that graced our news section last February is falling to shambles.
Saab Sends Workers Back to Finish Stagnant Production Line
Just about 100 more Saabs will roll off the line after the Swedish automaker decided to send some employees back to finish incomplete units still standing in the factory. The company was plagued with financial problems after changing hands from GM to Spyker Cars and ultimately Swedish Automobile. That forced them to shut down despite...
Audi Announces €13 Billion Investment Plans
Audi‘s expansion plans are materializing to the tune of €13 billion by 2016, heralding growth that enthusiasts are sure to cheer for and that will provide new jobs for German students. That €13 billion will mostly go towards new technology, but the company is also looking to add about 1,200 new specialists to their team in 2012....
Aptera: A Brief Chronology Of The Collapse
Last week we brought you a story about Aperta employees boorishly smashing the remaining shells of their 2e electric vehicle, including quotes from their disgruntled former CEO, Steve Fambro. You may wonder how things went so wrong. If you haven’t been following the Aptera saga, or if you don’t know what Aptera is, this is a good...
Saab Gets Last Minute Payment to Help Keep it Afloat
Youngman has repeatedly tried to buy into Saab, but the latest deal was vetoed by General Motors, which still owns licenses for Saab technology.
Ford Investing $446 Million In Brazil Plant For Production Of New Global Vehicle
Ford announced that they are investing $446 million into their Sao Bernardo do Campo plant near Sao Paulo, Brazil towards the production of a new global vehicle. Unfortunately Ford didn’t announce any more details in regards to the new model, but it will likely be something geared toward’s Brazil’s emerging middle class. The Sao Benardo...
Canada’s Auto Sector Losing Ground To Mexico
Automobile manufacturing is a big part of the Canadian economy. 10 percent of the country’s manufacturing output is related to the auto industry. Things have been changing for a few years already, and the future is not looking good for Canada. Thanks to their lower labor rates and production costs, more and more car companies...
McLaren Gets Significant Investment From Billionaire Peter Lim
Singapore billionaire Peter Lim has made a “significant investment” in British sports car maker McLaren, the company said. With his contribution, Lim has joined McLaren Automotive’s board with immediat effect. Forbes ranked him the eighth richest person in Singapore, with an estimated fortune of 1.8 billion. “Peter Lim’s track record in Asia as a highly...
GM Announces 1,000 New Jobs In Michigan For EV Research
General Motors has announced that it’s hiring 1,000 people over the next couple years to help improve electric vehicle related infastructure, as well as charging, motor and battery technology. While the jobs aren’t as glamorous as developing the next generation of electric vehicles, there’s no question that without any of the above, EVs will forever...
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