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Toyota to build Corollas at revived Mississippi plant starting in late 2011
Thu, 17 Jun 2010Toyota will resume construction on its mothballed plant in Mississippi and begin producing the Corolla there late next year. “We first needed to fully utilize our existing facilities as the economy slowed,” Yoshimi Inaba, president of Toyota Motor North America, said in a statement Thursday. “Now it's time to fulfill Toyota's promise in Mississippi.” The automaker said it will hire 2,000 workers “soon.” Corolla output would mark another shift for the project.
Chrysler posts $370 million net loss on costs tied to repaid loans
Tue, 26 Jul 2011Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.
2014 Chevrolet Spark EV rated at 119 mpg
Wed, 24 Apr 2013General Motors says its Chevrolet Spark EV will get the equivalent of 119 mpg in combined city and highway driving, the best efficiency of any U.S. car sold to retail buyers. The 2014 Spark EV, which will be launched this summer in California and Oregon, will have an EPA-rated range of 82 miles when fully charged, GM said in a statement.