Category: News (Page 60 of 87)

Ford trying to jump start economy

February 27, 2010 /

Ford is doing their part to jump start this economy with another announcement that will bring people back to work at The Cleveland Engine Plan with a $155 Million investment. They will be building the new and well touted 3.7 liter V-6 engine that will drop into the 2011 Mustangs!

Ford Motor Co. will invest $155 million in its Cleveland Engine Plant to produce the new 3.7-liter V-6 for the 2011 Ford Mustang.

The move is part of a broader push to introduce nine new engines and transmissions in North America this year. With today’s announcement, Ford is two-thirds of the way to its goal — investing a total of $1.8 billion to build six of those at factories from Mexico to Canada.

Read the full article at the Detroit News.


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News

GM bouncing back strong

February 24, 2010 /

Don’t mess with the General. GM announces the addition of a 3rd shift at Lordstown as the automaker ramps up for the new Chevy Cruze. If this vehicle is a hit GM will be “cruzing” into the Spark launch in the near future.

From the Detroit News:

General Motors Co. has invested $1.4 billion in more than a dozen plants and created about 5,500 jobs since emerging from bankruptcy court in July.

The investment and job moves are a stark contrast to last year, when GM shed factories, implemented unprecedented production cuts and slashed thousands of jobs in bankruptcy.

GM emerged from bankruptcy with about $50 billion in federal aid.

Read the full article here.

News

Toyota on the hot seat

February 24, 2010 /

Akio Toyoda delivered another apology to people hurt by Toyota’s in sudden acceleration accidents. His lieutenant provided most of the other information revealed so far by the committee.

After the cameras chased Akio Toyoda from the room, it was Fe Lastrella’s turn.

A schoolteacher and real estate agent from Vallejo, Calif., Lastrella tearfully told the committee about her grief over the Lexus crash in Santee, Calif., that killed her daughter Cleofe Saylor, son Chris Lastrella and granddaughter Mahala Saylor.

“They were taken prematurely from us,” she said.

Read the full article here.

News

Asian brands still dominating Consumer Reports

February 24, 2010 /

Although there were a few bright spots for the US automakers, the Asian brands still dominated Consumer Reports annual automaker report card. Honda tied for 1st place is and quietly taking charge partly because of Toyota’s slippage in regards to public perception. One thing you can also take from this report is that Chrysler need to get their act together pronto!

From the Detroit Free Press:

Toyota finished third on Consumer Reports’ annual Automaker Report Card released Tuesday, even though the magazine suspended its “recommended” ratings for eight of Toyota’s vehicles after the Japanese automaker recalled them this year.

Consumer Reports now recommends about half as many Toyota models as it did previously.

While there were bright spots in the report card for Ford and General Motors, no domestic automaker finished in the top five and Chrysler’s score fell, landing the Auburn Hills automaker in last place.

Read the full article here.


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News

Toyota President says recall is mechanical, not electric

February 24, 2010 /

Is it mechanical or electrical? Depends on who you talk to and what you want to hear. This is one big mess for Toyota.

From AutoGuide.com:

In a prepared statement before the House Committee on Energy and Commerce, Toyota President Jim Lentz reiterated Toyota’s continued stand that the issue with its many recalled Toyota models is mechanical and not electronic. Lentz commented that Toyota hired Exponent, a top engineering and scientific consulting firm, to examine its electronic throttle system to see if there were any issues. Toyota gave Exponent an unlimited budget and no electronic problem was found.

Lentz also said that it is repairing recalled vehicles at 50,000 a day and has so far fixed one million vehicles.

Read the full article here.

News

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