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Vauxhall: Ellesmere Port plant saved – 700 new jobs created
Thu, 17 May 2012Vauxhall Ellesmere Port - Saved General Motors is to keep Vauxhall’s Ellesmere Port open, move to three shift working and create 700 new jobs. The overcapacity of mainstream car manufacture in Europe as the market becomes ever more polarised between premium and budget cars – squeezing the middle – means car maker having to rationalise their output. Many thought that could mean the end of Vauxhall’s Ellesmere Port as GM sought to stem its European losses (around £2 billion in the last three years), especially as it is easier to close plants and lay off workers in the UK than in mainland Europe.
Toyota FT-86 II: Now Toyota mean it. Really
Fri, 04 Mar 2011Toyota FT-86 II at Geneva Toyota has been threatening to produce an affordable sports car for quite a while. And when we first saw the Toyota FT-86 Concept at the end of 2009 (and in the flesh at Goodwood last summer) we’d expected to see it launch this year. Despite that expectation, we discovered in January that Toyota were actually taking a different concept to Geneva – the Toyota FT-86 II – dashing any hopes of the FT-86 in any shape or form hitting the road this year.
Saab gets approval for voluntary reorganization on appeal
Wed, 21 Sep 2011...and Victor Muller smiles Victor Muller never says die, and the news that Saab has, after all, been granted the right to court protection from its creditors for a period of reorganisation has vindicated his stubborn refusal to give up on Saab. The Court of Appeal in Gothenburg has this morning overturned an earlier judgement by the District Court in Vänersborg which rejected Saab’s application to get the court’s protection during a period of ‘reorganisation’, which you can read as ‘Waiting for the dosh to arrive from China’. The news last week that Rachel Pang – a director of Pang Da, one of Saab’s putative investors – has come out in a very bullish way about the prospects for the investment by Pang Da and Youngman getting the final rubber stamp from China’s NDRC in Beijing won’t have harmed Saab’s case one bit.