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GM stops Chevy Volt production to trim inventory
Fri, 02 Mar 2012General Motors will idle the Detroit-area assembly plant that builds the Chevrolet Volt for more than a month to curb rising inventories of the plug-in hybrid. On March 1, GM told 1,300 workers at its Detroit-Hamtramck assembly plant in Michigan that it will shut down production for five weeks, starting the week of March 19. GM plans to resume production on April 23, spokesman Chris Lee said.
The theme park designed by Ferrari
Thu, 13 Mar 2014Ferrari is to build Ferrari Land – a new Prancing Horse theme park, inside the PortAventura resort outside Barcelona in Spain. It’s the second Ferrari theme park of its kind, following the successful Ferrari World Park in Abu Dhabi. The news comes after a commitment from Ferrari’s chairman Luca di Montezemolo to cut production of its road cars in a bid to preserve the brand’s exclusivity.
Transportation secretary Ray LaHood to step down
Tue, 29 Jan 2013WASHINGTON -- Transportation Secretary Ray LaHood, 67, who raised awareness about the dangers of distracted driving, said he will leave President Obama's Cabinet after a replacement is confirmed. LaHood, a former Republican congressman from Illinois, has led the Department of Transportation since 2009. He announced his departure today on the agency's website.