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Honda plans plant for CVT builds
Fri, 03 May 2013Honda Motor Co. plans to build a $470 million factory in Celaya, Mexico, to assemble continuously variable transmissions. The factory will operate alongside a plant under construction that's scheduled to build the next-generation Fit hatchback and a Fit-based crossover.
Crunch watch Apr 09: the auto industry in crisis
Thu, 30 Apr 2009By Tim Pollard and Ben Pulman Motor Industry 30 April 2009 17:21 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Thursday 30 April 2009• It's official: president Barack Obama confirms this afternoon Chrysler will file for Chapter 11 bankruptcy protection as it strikes a patnership with Fiat (Automotive News, subscription required)• 'Over the past month, seemingly insurmountable obstacles have been overcome,' says Obama. 'Chrysler and Fiat have formed a partnership that has a strong chance of success' • Chrysler is filing for bankruptcy protection under Section 363(b) of Chapter 11 bankruptcy code – expected to last for 30-60 days (Detroit News)• Treasury to pay Chrysler $4.5 billion 'in exit financing'• Chrysler tipped to get new board of directors.
Best 'Popemobile' for Francis
Fri, 15 Mar 2013As people welcome Jorge Mario Bergoglio as the 266th pontiff of the Roman Catholic Church, we've been wondering what type of vehicle he'll choose to transport himself. Francis probably won't request a new set of wheels -- the bestsellingcarsblog.com, the top-selling cars in Argentina as of the end of February were the Chevrolet Classic, VW Gol Power, Ford EcoSport, Renault Duster, and the Peugot 207 Compact. None of these seemed regal enough for his holiness in our opinion, though.