Cars
Just hours after filing for bankruptcy Monday morning, General Motors announced that it will close or idle 14 plants and three Service and Parts Operations in the United States. Michigan is hit the hardest as it will see five plants being closed while another two factories will be idled. Under the new reconstructing plan, GM will reduce the total number of assembly, powertrain and stamping facilities in the U.S. from 47 in 2008 to 34 by the end of 2010 and 33 by 2012. The automaker said it will achieve full capacity utilization of its assembly operations in 2011, or two years ahead of what was scheduled in its Feb. 17 viability plan submission
- Gm To Invest $336 Million In Detroit-area Plant To Build Chevrolet Volt
General Motors is planning to invest $336 million in its Detroit-Hamtramck factory to produce the new Chevrolet Volt electric car next year, bringing the combined Volt-related investments in eight different facilities in Michigan to a total of $700 million....
- Chrysler To Reopen Seven More Assembly Plants By End Of June
About a week after emerging from bankruptcy protection and finalizing a deal with the Fiat Group, Chrysler Group LLC confirmed today that in addition to the reopening of the Dodge Viper's Conner Avenue factory in Detroit on Monday, the firm plans...
- Gm To Build New Small Car At Idle U.s. Plant And Not China
Faced with heavy criticism after it was revealed that it was planning to increase vehicle imports from lower-wage economies such as Mexico and China, General Motors announced on Friday plans to build a future small car in the U.S. utilizing an idled UAW-GM...
- Chrysler Llc To Halt Production At All Plants For At Least One Month
It is no secret that the entire automotive industry is facing one of its worse times ever at the moment so we can't say that we are actually surprised with Chrysler LLC's decision to close all 30 of its plants for at least a month at the end of...
- Chrysler Announces More Than 8,500 Job Cuts Along With Cancellation Of 4-models
Shortly after Chrysler LLC confirmed UAW ratification of labour agreement, the third largest American carmaker announced that it will proceed to a reduction of 8,500-10,000 additional hourly jobs through 2008. Chrysler LLC also revealed plans to eliminate...
Cars
GM to Close or Idle 14 Plants and 3 Part Centers
Just hours after filing for bankruptcy Monday morning, General Motors announced that it will close or idle 14 plants and three Service and Parts Operations in the United States. Michigan is hit the hardest as it will see five plants being closed while another two factories will be idled. Under the new reconstructing plan, GM will reduce the total number of assembly, powertrain and stamping facilities in the U.S. from 47 in 2008 to 34 by the end of 2010 and 33 by 2012. The automaker said it will achieve full capacity utilization of its assembly operations in 2011, or two years ahead of what was scheduled in its Feb. 17 viability plan submission GM claims that this will result in lower fixed costs per vehicle sold while it will also have a lower and more efficient capital investment.
"Our manufacturing operations, which already are among the most productive in the industry, will emerge even leaner, stronger and more flexible, as part of the New GM, " said Gary Cowger Group Vice President of GM Global Manufacturing and Labor Relations. "Flexible manufacturing enables us to quickly respond to consumer preferences and changing market conditions."
The automaker also reaffirmed its plans to build a new small car (most likely the Chevy Spark) at an unnamed U.S plant instead of China. The site, which will be determined in the future, will be capable of building 160,000 cars annually.
- Gm To Invest $336 Million In Detroit-area Plant To Build Chevrolet Volt
General Motors is planning to invest $336 million in its Detroit-Hamtramck factory to produce the new Chevrolet Volt electric car next year, bringing the combined Volt-related investments in eight different facilities in Michigan to a total of $700 million....
- Chrysler To Reopen Seven More Assembly Plants By End Of June
About a week after emerging from bankruptcy protection and finalizing a deal with the Fiat Group, Chrysler Group LLC confirmed today that in addition to the reopening of the Dodge Viper's Conner Avenue factory in Detroit on Monday, the firm plans...
- Gm To Build New Small Car At Idle U.s. Plant And Not China
Faced with heavy criticism after it was revealed that it was planning to increase vehicle imports from lower-wage economies such as Mexico and China, General Motors announced on Friday plans to build a future small car in the U.S. utilizing an idled UAW-GM...
- Chrysler Llc To Halt Production At All Plants For At Least One Month
It is no secret that the entire automotive industry is facing one of its worse times ever at the moment so we can't say that we are actually surprised with Chrysler LLC's decision to close all 30 of its plants for at least a month at the end of...
- Chrysler Announces More Than 8,500 Job Cuts Along With Cancellation Of 4-models
Shortly after Chrysler LLC confirmed UAW ratification of labour agreement, the third largest American carmaker announced that it will proceed to a reduction of 8,500-10,000 additional hourly jobs through 2008. Chrysler LLC also revealed plans to eliminate...