General Motors is investing an eye-opening US$1.3 billion into upgrading two production plants in Michigan and three powertrain plants. The investment will include facilitating the production of a new 10-speed auto. Earlier this year GM and Ford signed an agreement to develop new nine- and 10-speed automatic transmissions together. The […]
Industry
Ford will launch 23 new models in 2014
As part of an ambitious plan to drive company growth, Ford will launch a whopping 23 new vehicles in 2014. It will be the most vehicle model launches the company has made within a year period in the past century. Some of the vehicles will include the 2015 Ford Mustang, […]
Toyota under pressure as only Australian auto manufacturer
With Holden announcing it will close down auto manufacturing operations by the end of 2017, Toyota will remain as the only company to produce vehicles in Australia. The Japanese company says it is now under unprecedented pressure. Although Holden sells a lot more Commodores than any locally-made Toyota vehicle in […]
Holden closure was a “General Motors decision”: Devereux
Although a lot of blame is being put on the Federal Government and its lack of financial assistance to the local auto industry, Holden chairman and managing director Mike Devereux says the decision to close down local manufacturing at the end of 2017 was a General Motors decision. Speaking in […]
Holden will close down manufacturing by 2017 – official
It’s official, Holden will close down its manufacturing operations by 2017. GM will transition into a national sales company for Australia and New Zealand, and significantly reduce its local engineering operations. It was seen as inevitable by many experts but now it is well and truly happening. Dan Akerson, GM […]
VACC calls for Government to continue to assist local manufacturing
The VACC (Victorian Automobile Chamber of Commerce) has called for the Federal Government to continue to assist the Australian automotive manufacturing industry. The announcement comes after Tony Abbott’s comments that there will be no additional funding for Holden other than the $275 million that has already been pledged. Mike Devereux, […]
Holden closing down in 2016 – rumour
We all knew it was inevitable but it looks like Holden could be following Ford Australia, closing down all operations in 2016. The news comes after the company’s CEO announced he was moving to another department. An official announcement was meant to be made this week, sources told ABC news, […]
Australian vehicle sales for November – Corolla to be 2013 best-seller
The official VFACTS figures for Australian new vehicle registrations for November 2013 shows signs of 2013’s best-selling models