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GM to build new pickups in Missouri, 2 midsize models in Tennessee
Tue, 20 Sep 2011General Motors plans to build its next-generation mid-sized pickup in Missouri and will reopen its former Saturn assembly plant in Tennessee to build two new mid-sized vehicles, according to details released Tuesday of its tentative pact with the UAW. GM has been tight-lipped about whether it planned U.S. production of the next iteration of the Chevrolet Colorado and GMC Canyon, its small pickups.
Keyless ignition trends toward standardization
Tue, 05 Apr 2011A federal plan to require automakers to standardize keyless ignition systems in the wake of Toyota's unintended acceleration problems is likely to mirror industry guidelines issued in January, an automaker group said. Large automakers except Toyota said they already comply with the guidelines crafted by SAE International or plan to do so. These "recommended practices'' seek to counter the variation, driver confusion and safety problems that have ensued since automakers started installing push-button ignition in luxury models.
Victor Muller sells Spyker sports cars to CPP
Thu, 24 Feb 2011Supercar maker Spyker is to be sold. Coventry-based coachbuilder CPP has announced a memorandum of understanding (MOU) to buy Spyker Cars from Spyker Cars N.V, the holding company which owns Spyker and Saab. No. Saab remains under the ownership of Dutch company Spyker Cars N.V. This sale is of Spyker, the manufacturer of flamboyantly detailed mid-engined supercars. CPP has been supplying chassis and body panels for Spyker since the brand was relaunched in 2000, and completed an agreement to handle full manufacturing of the current range in 2009 – the production of Spyker cars moved from the Netherlands to Coventry in 2010. The MOU, valued at €32m, will mean that CPP Global Holdings Ltd will become manufacturer and owner of Spyker – €15m will be paid straight away, with the remaining €17m paid over a six year 'earn-out' period.