The Bavarians have recently gotten some stick for the way they pay American workers compared to those from Germany but this bit of news is likely to change that. BMW has just announced that they plan to ship some serious investments over the Atlantic, particularly towards their Spartanburg plant. Their plant in Spartanburg California will
GM recently announced some investments going into a 4 cylinder engine and creating a few jobs along the way. Naturally, Chrysler couldn’t be outdone. Chrysler have just announced that they plan to invest around $843 million in their Kokomo, Indiana facilities.
The Germans at Volkswagen came out with a pretty interesting announcement; they plan to invest no less than 51.6 billion euros in their Automotive division. There’s more too, VW Group plans to invest this sum over the short period of five years.
A few recent rumors coming through the grapevine all the way from Bavaria make for BMW trying to reach a decision on whether or not to expand the lineup of products they are rolling off the line in Spartanburg. A decision of this sort would probably have no effect on pricing or deliveries but it
Chrysler Group LLC have just announced that they are going to invest $300 million in order to retool two of its Indiana plants. The two plants are Indiana Transmission Plant I and the Kokomo casting plant and together produce automatic transmissions.
Ford Motor Company’s annual shareholders meeting hosted a very positive speech on the behalf of the company CEO, Alan Mulally. Mulally stated that Ford will have a “solidly” profitable result coming out of 2010 and that 2011 will bring along a “continuing improvement”.
Chrysler Group LLC has just revealed its latest figures and the most interesting one available is the operating profit margin that reaches 143 million dollars. The other interesting figure they published refers to the positive cash flow and the total of 8.9 billion dollars they have available.
