May 2011

Volkswagen opens $1 billion plant in Tennessee

(May 24, 2011) CHATTANOOGA , Tenn. — Volkswagen officially opened a new manufacturing plant on a 1,400-acre site here today that will employ more than 2,000 people and build up to 150,000 vehicles a year.

The plant will initially build the all-new 2012 mid-sized Passat sedan.

Chrysler repays $7.6 billion in outstanding loans

(May 24, 2011) DETROIT — Chrysler today announced the repayment of $7.6 billion in outstanding U.S. and Canadian government loans following the completion of new refinancing transactions. The original loans were repaid in full, more than six years ahead of schedule, along with the payment of accrued interest and additional consideration.

212,500 pounds of recycled oil booms used in Volt production

(May 24, 2011) DETROIT — Oil-soaked booms from the Gulf of Mexico are providing more than enough recycled material to make a production year’s worth of air-deflecting baffles for the Chevrolet Volt, a positive outcome of the worst offshore oil spill in U.S. history.

“GM decided to offer assistance by collecting boom material from the Gulf coast until there was no longer a need,” said John Bradburn, GM’s manager of waste-reduction efforts.

Electric Porsche Boxster fascinates audience at mobility forum

(May 24, 2011) BERLIN  — Electric-powered rear and four wheel-drive variants of the Porsche Boxster E roadster sparked interest last week at the Michelin Challenge Bibendum in Berlin.

Porsche was demonstrating its Boxster E prototypes to a wide audience of representatives from politics, industry, trade and research at this global forum for sustainable mobility in the German capital.

Sweet Ride! Jelly Belly and Mitsubishi's electric car turn heads

(May 24, 2011) CHICAGO (PRNewswire) — Mitsubishi has teamed up with one of America's leading confectionaries, the Jelly Belly Candy Company, in a novel promotion to show Chicagoans the sweeter side of sustainable transportation.

Focus sales reach half million in Russia

(May 23, 2011) MOSCOW — A red, 1.8-liter five-door Ford Focus has become the 500,000th Ford Focus sold in Russia since the market introduction of the first-generation Focus in 1999.

The milestone Focus was sold to a customer in St. Petersburg, home of Ford's Russian assembly plant where the car was built.

Study shows U.S. automakers improve relations with suppliers

(May 23, 2011) DETROIT (PRNewswire) — There's good news for the U.S. Big Three automakers and not so good news for the Big Three Japanese automakers in the 11th annual study of working relations between the six North American automakers and their suppliers. 

As a group, the US auto-makers continue to show steady improvement, and the Japanese automakers continue to slip.

Hyundai, Kia may see engine parts shortage

(May 23, 2011) South Korea's Hyundai Motor and its affiliate Kia Motors said Sunday they have suffered from a production disruption of some of its SUV models after a labor strike at one of its suppliers led to a parts shortage.

Hyundai, the world's fifth-biggest carmaker along with Kia Motors, warned that a protracted supply disruption could deal a blow at a time when Japanese rivals are resuming full production after the March 11 earthquake.

New report sees trucking gains through 2022

(May 22, 2011) ARLINGTON, Va. (PRNewswire-USNewswire) — After a dip during the recent recession, the U.S. freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking Associations' U.S. Freight Transportation Forecast to 2022.

The forecast, the product of a collaboration between ATA, IHS Global Insight and Martin Labbe Associates, lays out the current state of the freight economy where trucking is the leading mode of transportation and projects an even more robust role for trucks in the future.

103 Cadillacs needed for small Vermont town to set record

(May 22, 2011) If you have a Cadillac in working order you can help the folks in Barton, Vermont. They have organized a Cadillac parade to take place on Aug. 17 and need at least 103 cars driving single file from the high school to the county fairgrounds.