An earthquake has rocked northern Italy once again, this time centered approximately 40 kilometers north of Bologna. Early reports indicate at least ten people have been killed in the shock and ensuing aftermath.
This morning saw the very last car roll off of the NUMMI assembly line. At 9:40 a.m., a red Toyota Corolla drove off under the watchful eyes of workers, white-collars and union leaders. Toyota and General Motors have been cranking out cars and trucks at the facility since 1984, but GM backed out of the partnership in June of last year as part of its restructuring program. Toyota announced it would be closing down operations soon after, and, true to its word, things shut down this morning.
General Motors is closing down its Opel plant in Antwerp, and forfeiting up to €500 million (about $707 million) in aid the Flemish government had promised if the operation had remained open. The action is expected to take place over the next few months. Shutting down Antwerp is just one part of GM's restructuring program for its European operations - underway for a year now. All told, the automaker estimates it will have to cut 8,300 jobs, including 4,000 in Germany alone. According to GM,
According to a source at The Associated Press, General Motors will announce the closure of 14 factories on Monday morning. The shutterings will reportedly occur by the end of 2010, and are being viewed as part of GM's widely anticipated plans to file for Chapter 11 bankruptcy.
Chrysler has announced this morning that it's moving up the closing of its Newark, DE assembly plant. The closure was originally announced in February 2007 and was planned to happen later in 2009. Instead, the plant will be shuttered effective December 31, 2008. Newark is the home of the Chrysler Aspen and Dodge Durango SUVs, products whose sales have tanked this year. At this point, we're still trying to find out what this means for the Aspen and Durango. Chrysler has not said if production wil
Looks like that Moraine, Ohio plant that was going to be shut down next year is actually going to be shuttered on December 23rd, just in time for Christmas. This is the plant responsible for production of the GMC Envoy, Chevy Trailblazer and Saab 9-7X. The General had already slowed the plant to just one shift as SUV sales, particularly sales of old SUVs like these, continue to tumble, but the plant was expected to remain open until at least early next year. On Friday the remaining 1,100 workers
Australia's automotive manufacturing industry has taken a blow as Mitsubishi announced it will be closing its Adelaide plant, the facility that builds the 380 sedan. The news means approximately 1,000 workers will soon be out of a job. In fact soon means very soon, as March 31st marks the plant's final day. It will certainly be a quick and painful process; so much that counseling will be offered to outgoing employees. The Australian government even previously offered the Japanese automaker assis
We're not sure what's going to be produced there, but GM is investing $225 million in their Spring Hill, Tennessee Saturn plant. The Ion and Vue are currently built in Spring Hill, but production of those vehicles will be ceasing in March 2007. Once the plant is cleared of vehicles, the paint shop will go under the knife and be renovated for future vehicle production. The goal of the paint shop upgrades is to accomodate any size vehicle GM plans to build. These plans hinge on GM securing incenti
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