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Chrysler is set to invest $500 million in Toledo Jeep assembly plant
Wed, 16 Nov 2011Chrysler Group plans to invest $500 million in its Toledo North Assembly Plant and hire a second shift of workers over the next year to build a new Fiat-based SUV for Jeep, as well as other vehicles. "This plant has been chosen to build the future Jeep SUV to replace the current Jeep Liberty that will be exported to markets all over the world," CEO Sergio Marchionne said at the plant Wednesday. "Jeep is at the heart of our plans to internationalize Chrysler, a process which is being accelerated by Chrysler's access to Fiat's distribution capabilities in Europe and Latin America." Toledo North is Chrysler's only assembly plant with only one shift of workers.
Mandelson to announce help for car makers
Tue, 27 Jan 2009Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.
Vauxhall Corsa Nurburgring Edition (2011) first pictures
Wed, 20 Apr 2011Vauxhall has rummaged around the kitchen cupboard and poured a healthy dollop of chilli into the mix for its new Corsa VXR Nürburgring Edition. It's our first look at the new special edition Corsa hot hatch, which goes on sale in May 2011. Vauxhall Corsa VXR Nürburgring Edition: the lowdown Under bonnet lies a pumped version of the 1.6 petrol turbo found in the regular Corsa VXR.