Financial reports from the automotive industry come with mixed responses but this here bit of news in relation to a situation from Honda. As it turns out, the Japanese have just lost $180 million on a certain part of their business.
My favorite of Detroit’s Big Three, mostly after the bailout story, Ford has made a pretty interesting announcement today. The Blue Oval plans to hire some 7000 people in their manufacturing segment, in order to boost their ca making efforts.
The plans General Motors had installed for their dealer network have been slightly altered but are still headed for downsizing and, with this in mind, 900 GM dealerships have received a stay of execution from the company. According to Mark Reuss, GM North America President the schedule at the moment calls for approximately 5000 dealers
Pending a situation of uncertainty and a delay of a session destined to reach a decision, Opel finally got an answer from the German government and it will be not receiving any state aid. Yesterday, GM’s request for aid from the federal government in order to keep its Opel unit going clashed with representatives and
The growing labor issues in China have hit home and Japanese car maker, Honda is the first victim of the situation. Yesterday, May 29th, Honda had shut all four of its Chinese plants as a result of massive strikes of company employees.
The sad day has ended, General Motor’s Hummer brand has finally closed up shop and turned off the lights for the last time. You may recall that GM actually closed down the plant before but resumed activities in order to complete a special order of 849 Hummer H3’s.
The Maranello based supercar maker saw protests for two hours yesterday pending news that Ferrari SpA is looking to idle production and eliminate 9 percent of its work force. The decision took place as a result of the sister company Maserati reduced orders for engines.
