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GM's historic Willow Run plant closes
Fri, 24 Dec 2010After 68 years of arming the nation and putting America on wheels, the Willow Run manufacturing plant in southeast Michigan closed on Thursday. The 5-million-square-foot powertrain plant, owned by Motors Liquidation Corp., the remnants of the former General Motors Corp., has fallen victim to GM's 2009 bankruptcy and subsequent restructuring. About 300 workers left at the plant will either “retire, transfer to another campus or go on layoff,” said Chris Lee, a spokesman for the reorganized General Motors Co.
FCA issues warning on logbook loans
Fri, 06 Jun 2014VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.
The new Honda Insight hybrid is shown at the Detroit auto show
Sun, 11 Jan 2009The new Honda Insight was unveiled at the Detroit Auto Show To hear Honda tell it, the new 2010 Insight coming to market this April is all about making hybrid technology available to Gen-Y. That's because it's smaller and less expensive than the class-leading Toyota Prius or Honda's own Civic Hybrid. We drove the Insight in Arizona recently and found it also more fun to drive than most hybrids, another attribute that ranks high among young buyers.