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Ferrari looks at layoffs, cuts back production
Wed, 12 May 2010We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.
Schreyer: Cross GT is a sign of things to come
Mon, 11 Feb 2013Peter Schreyer, Kia's president and global design boss, makes no bones about it--the Cross GT is a harbinger of future style for the Korean company's large crossovers. "You'll certainly see things showing up," he told me at the Chicago auto show, where the concept was revealed. It's a large ute, measuring 192.8 inches, which is 8.4 inches longer than the Sorento.
Cash for clunkers plan revives trade fight
Thu, 05 Feb 2009Import brand automakers and dealers warned on Thursday that a vehicle scrappage proposal before the Senate would violate trade agreements and could weaken the economy. The Senate could vote on the plan on Thursday, which would offer $10,000 to any moderate- or low-income consumer who trades in a car or truck that is at least 10 years old and buys a new one that is more fuel-efficient and "assembled in the United States." The trade-ins would be scrapped rather than resold. The U.S.-made mandate "smacks of the protectionism that led to the Great Depression," said Barbara Nocera, the top Washington lobbyist for Mazda North American Operations.