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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
California EV start-up Coda Automotive launched its first and likely last stab at the electric car market this year.
Chevrolet is offering more for less by adding direct injection to their upcoming line of Gen-V small block engines.
“The Gen-V small block is an all-new, state-of-the-art engine family that will offer more efficiency and refinement than any other small block in its more than half-century of production,” chief engineer Jordan Lee said to Left Lane News. “For customers, that will mean cars and trucks that deliver more while using less gas to do it.”
Direct injection technology delivers more power and lower fuel consumption by making each engine stroke more precise. That increase precision allows for higher compression ratios and consequently more power out of a smaller machine.
Though official numbers havent been released, it’s speculated that the version of the Gen-V going into the Corvette will shrink from 6.2 to 5.5 liters. Despite that it will meet if not exceed the current engine’s 430 horsepower rating.
Chevrolet’s commitment to the new engine line is more than good news for consumers, it also means more jobs. The company is devoting $1 billion to the project, creating or sustaining 1,711 positions. There isn’t a firm date yet, but Chevrolet says the Gen-V will be available in the near future.
Keep an eye on Lotus over the next six years, they just won a bid for this round of the Regional Growth Fund (RGF).
Lotus CEO Danny Bahar said in a press release that the money will help the company refresh its line of sports cars with best in class performance and emissions.
The RGF is meant to support projects and programs in the UK that will support private sector growth. A long list of companies competed for a share in the discretionary fund worth about $2.25 billion. Lotus got official confirmation from the Department for Business, Innovation and Skills that they are among the accepted.
Bahar said that “this is a very significant boost to local communities, and the Regional Growth Fund will help businesses like Lotus to drive local growth.”
The funding will help Lotus further development of its new line up sports cars, including a next-generation Elise and Exige, as well as the new Esprit (above).
GALLERY: New Lotus Esprit
Chrysler has announced that Ralph Gilles will now serve as the President and CEO of the SRT division, also referred to as the Chysler Street and Racing Technology brand. SRT is responisble for building Chryslers high performance vehicles.
SRT has always been part of the Chrysler brand, however the american automaker will for the first time treat the performance division as a distinct brand. This will allow the SRT division to put the company’s projects (which have appeared as Jeep, Chrysler and Dodge models) under a common umbrella.
Other personell changes also include Fred Diaz being appointed President and CEO of Chrysler de Mexico. Reid Bigland has also been appointed as President and CEO of the Dodge car brand and head of U.S sales however, Bigland will remain President and CEO of Chrysler Canada.
David Buckinham will now act as Chief Operating Officer of Chrysler Canada, and Joe ChamaSrour will now fit within International Operations for the automaker.
General Motors will recall 2,000 laid off workers by September according to a Detroit News report, allowing the company to start hiring new workers for its American plants.
While G.M. representatives would not confirm any timeline, Joe Ashton, UAW VP in charge of GM, confirmed that the workers would be back, stating “We will have full employment in September for the first time in a long time,”
Many of the workers are situated in Southeast Michigan, an area devastated by the decline of the auto industry. GM is adding a third shift of 750 employees to its Flint truck plant, a second shift of 600 workers to its Lansing plant to build the Cadillac ATS and recalling 1,550 workers to its Lake Orion small car plant.
New workers will have to contend with a wage of $14-$16 an hour, roughly half of what recalled and current employees will make. The two-tier wage system is a point of contention among union members, but the contract under which is was implemented is scheduled to expire this year and will be re-negotiated by the union and the Big Three this summer.
[Source: Detroit News]
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 be a niche for wealthy tree-hugger types and peak oil conspiracy nuts. All of the jobs will be located in Michigan, which should provide a nice boost to the states flaccid economy.
The announcement came as Chevrolet prepared to start production of the Volt at GM’s Hammtrack assembly plant.
[Source: Automotive News]