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Chrysler, CAW reach tentative contract deal
Fri, 24 Apr 2009The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.
Emissions crackdown confirmed
Sun, 03 Jun 2007By Tim Pollard Motoring Issues 03 June 2007 02:32 The European Commission today confirmed plans to force car makers to cut tailpipe emissions by 18 percent over the next five years. As exclusively predicted by CAR Online last month, the EC is proposing an average CO2 limit of 130g/km by 2012 - down from an average of 162g/km last year. Manufacturers missing the new target would be fined heavily.
UK Car Sales up again in November (2012)
Thu, 06 Dec 2012The Society of Motor Manufacturers and Traders has revealed that new car sales grew again in the UK in November – up by 11.3 per cent. At some point, new car sales in the UK must surely start to ease as the economic pressure bite, but so far in 2012 we’ve had an inexorable rise in numbers. The latest figures for November show new car sales (well, to be precise, new car registrations – which include Pre-Reg cars) up by an impressive 11.3 per cent, following on from a rise of 12.1 per cent in October, with private buyers driving sales rather than fleet.