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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.

British Motor Show Axed

The British Motor Show - Cancelled for 2010, and probably permanently Well, I suppose it’s not really a great surprise, but it’s still sad to see the demise of the British Motor Show. The SMMT (organisers of the British Motor Show) announced this lunchtime that the 2010 show has been cancelled. They stated that this was due to the crisis in the car industry at present and the ongoing world financial crisis.

UK car market slumps to 'worst since 1966'

Britain's new-car market is nosediving. Purveyors of big expensive cars – like Porsche – are experiencing that sinking feeling By Tim Pollard Motor Industry 05 September 2008 07:07 Credit crunch, spiralling oil prices, fragile consumer confidence... It's small wonder that the UK's car market is in turmoil.