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Ford reportedly to shut down Mercury
Thu, 27 May 2010The Mercury brand, rumored to be on the verge of death several times over the past decade, would be shut down under a plan being prepared for Ford Motor Co.'s board of directors, Bloomberg News reported on Thursday. Citing two executives who have knowledge of the plan but asked not to be identified, the news service said the plan would be submitted to Ford's board in July. How quickly Mercury would be shut down depends how quickly the automaker can convince Lincoln Mercury dealers to close or merge with a Ford-brand dealership, the report said.
Pininfarina exhibit opens at the Museo dell’Automobile di Torino
Tue, 22 Mar 2011The National Automobile Museum of Turin, Italy, has reopened its doors to welcome a bevy of Pininfarina models from past and present into its midst. The display takes on some of the milestone models of Pininfarina design and sees a wide selection of cars take up residence amidst the 200 others already on display at the recently renovated museum. Of the more desirable models being shown is a 1947 Cisitalia 202, the two seater berlinetta that has been described as 'moving sculpture' by Arthur Drexler, the highly influential curator and director at the Museum of Modern Art in New York.
Mexico plant to build Honda Fit for U.S. market
Thu, 29 Mar 2012Honda Motor Co. has confirmed it will build its Fit small car at its new plant in Mexico for export to the United States and other markets, as it expands its local production footprint to combat the Japanese yen's profit-eating strength. The plant, near Celaya, Guanajuato, will begin operation in 2014 with a capacity of 200,000 vehicles a year.