Honda has announced a $215 million investment in a pair of its Ohio operations, taking its total tally for North American operations up to $2.7 billion in three years. The announcement was made at the 2013 Center For Automotive Research Management Briefing Seminars in Traverse City.
At a press conference in Lordstown, OH this afternoon, GM CEO Rick Wagoner officially announced that the Chevrolet Cruze would be built at the plant alongside the existing Cobalt. Wagoner alluded to this in June during the company's annual meeting. GM will invest $350 million in the Lordstown plant to tool up for production of the new compact sedan that will also spawn numerous other small cars. An additional $150 million will also be spent launching the Cruze including a new line to build the 1
Back in the late seventies and into early eighties, Chrysler had gotten itself into such horrid financial shape that the U.S. government decided to step in and fix the situation itself. Considering the sorry state of affairs that all three of the Detroit automakers find themselves in today, some may wonder if a government-funded bailout is in the cards. Not so much... at least according to John McCain. "Frankly I just don't see a scenario where the federal government would come in and bail out a
Ford just announced that there was a small fire today at its Cleveland Engine #2 plant where the 3.0L Duratec V6 for the Fusion, Milan, Escape and Mariner are built. The fire was of the chemical variety and apparently caused by a bad reaction in a lab to which the baby blaze was contained, though the Cleveland Plain Dealer reported the incident as an "explosion". No one was hurt and the fire was small enough to be snuffed out by a fire extinguisher, but some 150 employees got the rest of the day