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Toyota to build Corollas at revived Mississippi plant starting in late 2011
Thu, 17 Jun 2010Toyota will resume construction on its mothballed plant in Mississippi and begin producing the Corolla there late next year. “We first needed to fully utilize our existing facilities as the economy slowed,” Yoshimi Inaba, president of Toyota Motor North America, said in a statement Thursday. “Now it's time to fulfill Toyota's promise in Mississippi.” The automaker said it will hire 2,000 workers “soon.” Corolla output would mark another shift for the project.
Spyker warns that Saab's future is 'uncertain' without fresh funds
Fri, 01 Apr 2011Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.
It’s the Audi TT Off-Road Concept, not the Audi Q4!
Sat, 19 Apr 2014It’s the Audi TT Off-Road Concept When Audi previewed a coupe SUV heading for a debut at the Beijing Motor Show recently, we were convinced it would be a concept version of a coupe SUV – the Audi Q2. But we were wrong. In fact, the coupe SUV heading for Beijing is the Audi TT Off-Road Concept, a concept that does exactly what it says on the tin – it looks just like a four-door TT on stilts.