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General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.

TVR sale latest

By Tim Pollard Motor Industry 08 February 2007 04:17 More than 30 parties have expressed an interest in buying the remnants of TVR, the sports car maker which crashed into administration over Christmas - and the factory could move to Asia. Administrator PKF (UK) LLP has spent the past month clarifying the assets of Blackpool Automotive Ltd, the company that ran the Blackpool factory, and it in fact holds several trump cards that could prevent the Russian owner switching production overseas. The sale advert in the Financial Times reveals that Blackpool Automotive controls the TVR trademark in Europe and the US, as well as all the intellectual property rights and tooling for the sports cars.

New Hydrogen Fuel Cell Toyota at Tokyo Motor Show. The next Prius?

Will the new Toyota Hydrogen Fuel Cell car be a Prius? (FCV-R pictured) We’re getting very close to the proper arrival of the hydrogen fuel cell car, moving from a vastly expensive idea to an (almost) affordable family car. Hyundai are up with the leaders in the hydrogen-powered production car race with the ix35 FCEV, and now it’s Toyota’s turn to show what they’ll be offering buyers in 2014 with a new hydrogen-powered car debuting at the Tokyo Motor Show next month.