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Fisker Automotive lays off some workers as government reworks loan
Mon, 06 Feb 2012Work on the Fisker Nina family sedan has temporarily halted at the Fisker Automotive plant in Wilmington, Del., while the carmaker and the federal government hash out details of the company's $529 million Department of Energy loan. The interruption has resulted in the layoff of 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters. Fisker Automotive said some of the engineering-staff reductions in Anaheim were already planned to occur in between development of the Karma and the Nina.
Spied! 2012 Chevrolet Camaro Z28
Fri, 23 Jul 2010The king of Camaros lives. Spy shooters have captured the 2012 Chevrolet Camaro Z28 during testing, and this monstrous red demon is wearing huge tires, dual exhaust and performance fascia. But this mule also has a telltale engine marking: a strip of paper indicating the venomous 6.2-liter supercharged V8 is underhood, and this particular example is using a slushbox.
Kia styling chief Schreyer is fluent in Koreapean
Thu, 05 May 2011The way Peter Schreyer sees it, there is one key difference between European and Korean automakers: Europeans design from the heart, Koreans from the head. "In a European company, everybody is a car driver, a car enthusiast," says the Germany-born design chief of Kia Motors Corp. "Everybody from the CEO to the little designer to people on the production line, they want to build cars they want to drive themselves." Koreans can be more market-oriented: "They look at the big picture, which markets to explore or conquer.