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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.
UK car manufacturing to hit record high by 2015
Tue, 12 Jun 2012Britain is on track to hit a new all-time car manufacturing high by the end of 2015. The Society of Motor Manufacturers and Traders forecasts that car production is set to top 2 million a year in three years' time. That's enough to eclipse the 1.92m record set forty years ago in 1972.
Porsche plans to shift U.S. headquarters to Atlanta airport site
Wed, 11 May 2011Porsche is reportedly set to move its North American headquarters from a suburb north of Atlanta to the site of a demolished Ford Motor Co. assembly plant that once built the Ford Taurus and the Mercury Sable next to the Atlanta airport. A formal announcement is expected on Thursday, according to a report in the Atlanta Journal-Constitution.