GM Investing $1.2 Billion in Fort Wayne Pickup Plant

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GM Investing $1.2 Billion in Fort Wayne Pickup Plant
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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. Continue Reading...

Fiat Chrysler Automobiles Makes Wall Street Debut

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Fiat Chrysler Automobiles Makes Wall Street Debut
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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. Continue Reading...

Toyota Investing $28 Million in Michigan Facilities

Toyota Investing $28 Million in Michigan Facilities
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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… Continue Reading...

Saab Sends Workers Back to Finish Stagnant Production Line

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Saab Sends Workers Back to Finish Stagnant Production Line
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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… Continue Reading...

Audi Announces €13 Billion Investment Plans

Audi Announces €13 Billion Investment Plans
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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…. Continue Reading...

Aptera: A Brief Chronology Of The Collapse

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Aptera: A Brief Chronology Of The Collapse
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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… Continue Reading...

Ford Investing $446 Million In Brazil Plant For Production Of New Global Vehicle

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Ford Investing $446 Million In Brazil Plant For Production Of New Global Vehicle
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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… Continue Reading...

Canada’s Auto Sector Losing Ground To Mexico

Canada’s Auto Sector Losing Ground To Mexico
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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… Continue Reading...

McLaren Gets Significant Investment From Billionaire Peter Lim

McLaren Gets Significant Investment From Billionaire Peter Lim
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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… Continue Reading...

GM Announces 1,000 New Jobs In Michigan For EV Research

GM Announces 1,000 New Jobs In Michigan For EV Research
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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… Continue Reading...
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