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GM to invest $2 billion in 17 plants
Tue, 10 May 2011General Motors said Tuesday that it will invest about $2 billion in 17 plants across eight states in the United States. "We are doing this because we are confident about demand for our vehicles and the economy," GM CEO Dan Akerson said in a statement. Akerson made the announcement at GM's transmission plant in Toledo, along with Ohio Gov.
The Saab Saga – now it’s a share sale to raise cash
Thu, 04 Aug 2011Saab Saab sell shares to GEM Global We’re not really sure we see how on earth the announcement from Saab that they are selling shares to raise funds is going to work. But we’ll report it anyway. The information we have is that Swedish Automobile is going to issue shares to help pay the outstanding bills it has, and to meet unpaid salaries for white collar workers.
Honda NSX set to return
Tue, 13 Dec 2011Acura, Honda's luxury division, is set to launch two new concepts alongside a showcar preview of the next generation US-market Accord Coupe at the NAIAS in January. The most significant Acura vehicle set to make its global debut is the much rumored and long-awaited NSX replacement, which will be making its debut 23 years after the original appeared at the Chicago auto show. The new NSX concept will adopt a new stance on the super car paradigm.