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Main  >  Car Makers News  >  Porsche  > 
Porsche CEO steps down, making way for VW merger | detnews.com | The Detroit News
-- Porsche chief executive Wendelin Wiedeking is leaving the luxury sports car maker after 16 years at the helm, a move widely expected to clear the way for a merger with Volkswagen AG. The board for Porsche Automobil Holding SE said Thursday that Wiedeking, 56, and chief financial officer Holger Haerter, 53, were leaving with immediate effect from the heavily indebted company that makes the 911, among other models. The move -- along with the announcement that Porsche will seek to raise funds, possibly... Full article...

Article added: 2009-07-24 10:35:56   Article Views Rating: 96


Main  >  Car Makers News  >  GM  > 
GM tweaks Volt engine plan | detnews.com | The Detroit News
General Motors Corp. has scrapped plans to build a new plant to produce engines for its Chevrolet Volt extended-range electric vehicle and instead will build the engines in an existing Flint factory. The move will save money and use available floor space within the Flint South engine plant on Bristol Road, the automaker announced Tuesday. GM had said in September it would invest $370 million in a new 552,000-square-foot manufacturing plant that would produce four-cylinder engines for the Volt and the... Full article...

Article added: 2009-02-25 06:22:50   Article Views Rating: 200


Main  >  Car Makers News  >  GM  > 
GM in talks with Isuzu to sell medium-duty truck business | detnews.com | The Detroit News
General Motors Corp. is negotiating with Isuzu Motors Ltd. to sell its medium-duty truck business, a move that would help the cash-strapped automaker raise money, cut costs and help ensure it complies with a $13.4 billion federal loan package. The negotiations involve keeping the truck division in Flint through 2014, a local union official said today. That contrasts with an earlier failed agreement with Navistar International Corp., which would have relocated jobs to another factory. "I think its great... Full article...

Article added: 2009-02-03 07:09:25   Article Views Rating: 175


Main  >  Car Makers News  >  GM  > 
Isuzu may buy GM truck business | detnews.com | The Detroit News
General Motors Corp. is negotiating with Isuzu Motors Ltd. to sell its medium-duty truck business, a move that would help the cash-strapped automaker raise money, cut costs and help ensure it complies with a $13.4 billion federal loan package. The negotiations involve keeping the truck division in Flint through 2014, a local union official said Monday. That contrasts with an earlier failed agreement with Navistar International Corp., which would have relocated jobs to another factory. "I think it's... Full article...

Article added: 2009-02-03 07:09:23   Article Views Rating: 168


Main  >  Car Makers News  >  Other  > 
Keeping junk cars OK if limits are set | detnews.com | The Detroit News
Dear Tom and Ray: My boyfriend is a great guy but is prone to procrastination or so his family has warned me. It's come to my attention, as I try to find a spot to park when I visit his home, that he is accumulating LOTS of cars. Here's the inventory of vehicles: a VW bus, two Saabs, an Isuzu Rodeo, a Subaru Forester, his Subaru Legacy, an engine for the Rodeo sitting in the garage and a BMW R1100RT motorcycle largely disassembled for a transmission repair in the garage. All of the cars in the driveway... Full article...

Article added: 2009-01-07 09:36:15   Article Views Rating: 206


Main  >  Car Makers News  >  GM  > 
GM workers reach final day at Ohio SUV plant | detnews.com | The Detroit News
MORAINE, Ohio -- Workers at General Motors Corp.'s sport-utility vehicle plant in the Dayton suburb of Moraine are working their last day at the factory. Tuesday is the final day of production at the plant, which has been pumping out GM vehicles for the past 27 years. About 1,080 hourly workers are employed at the plant. In June, GM announced it would close the plant because high gasoline prices were driving consumers away from the SUVs made there. GM employed 19,000 workers in the Dayton area in 1999... Full article...

Article added: 2008-12-24 05:44:15   Article Views Rating: 137


Main  >  Car Makers News  >  Toyota  > 
Toyota projects first ever operating loss | detnews.com | The Detroit News
NAGOYA, Japan -- Toyota Motor Corp. slashed its earnings forecast Monday, projecting that it would report its first annual operating loss for the fiscal year through March -- its first such loss since it began reporting results in 1941. Battered by falling demand from consumers around the world and a surging yen, Toyota and other Japanese automakers have been reducing earnings outlooks and cutting workers. "The change that has hit the world economy is of a critical scale that comes once in a hundred... Full article...

Article added: 2008-12-23 06:51:54   Article Views Rating: 197


Main  >  Car Makers News  >  Toyota  > 
Toyota projects first ever operating loss | detnews.com | The Detroit News
NAGOYA, Japan -- Toyota Motor Corp. slashed its earnings forecast Monday, projecting that it would report its first annual operating loss for the fiscal year through March -- its first such loss since it began reporting results in 1941. Battered by falling demand from consumers around the world and a surging yen, Toyota and other Japanese automakers have been reducing earnings outlooks and cutting workers. "The change that has hit the world economy is of a critical scale that comes once in a hundred... Full article...

Article added: 2008-12-23 06:51:44   Article Views Rating: 173


Main  >  Car Makers News  >  GM  > 
Ohio workers face final days at GM plant | detnews.com | The Detroit News
MORAINE, Ohio -- General Motors Corp.'s financial woes have GM workers around the country worrying about what life without GM might be like. The 1,080 hourly workers at the automaker's sport utility plant in this Dayton suburb are about to find out. For them, life without GM begins Tuesday. That's when the automaker pulls the plug on the plant that over the past 27 years has spit out cars, trucks and SUVs, helped pay mortgages and college educations, and provided a security blanket in turbulent times... Full article...

Article added: 2008-12-22 05:54:27   Article Views Rating: 122


Main  >  Car Makers News  >  Other  > 
Decision close on carmaker rescue | detnews.com | The Detroit News
WASHINGTON -- The White House raised the possibility Thursday of an "orderly bankruptcy" to prevent General Motors Corp. and Chrysler LLC from collapse, calling it one of a range of options under consideration to help the ailing automakers. "There's an orderly way to do bankruptcies that provides for more of a soft landing," White House spokeswoman Dana Perino said. "That's what we would be talking about." Perino said a decision on how to help the automakers was "very close" and President Bush was... Full article...

Article added: 2008-12-19 08:13:29   Article Views Rating: 105


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