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Chrysler to build ZF's eight-speed transmission in Indiana

The Chrysler Group plans to spend $300 million to build a new eight-speed automatic transmission licensed from ZF Group, a transmission maker headquartered in Friedrichshafen, Germany. The investment will pay for installation of special tooling and equipment at Chrysler's Transmission Plant 1 and Kokomo Casting Plant in Indiana and help retain 1,200 jobs there, Chrysler said Wednesday. Production will start in 2013.

Day 59 and counting for General Motors: Fritz says it like it is

With less than two months remaining to determine its fate, newly christened General Motors CEO Fritz Henderson held a press conference Tuesday to show Wall Street and Washington that the buck stops with him. He did a creditable job. No, he did not remind viewers of Alexander Haig so much as he played the part of confident commander in charge.

BMW at the Geneva Motor Show: BMW 5 Series Hybrid Revealed

The BMW 5 Series Hybrid As we reported in December, with a couple of days to go to the Geneva Motor Show BMW have revealed that the new BMW 5 Series (2010) will have a Hybrid added to its ranks. Actually, they haven’t said that – the 5 Series Hybrid Concept they’re taking to Geneva is labelled a Concept – but we all know it’s what they mean. The 5 Series Hybrid will join the X6 Hybrid and the 7 Series Hybrid when it goes on sale, probably in 2011.