OLDSMOBILE TO FADE AWAY
GM PLANS PLANT CLOSINGS, MASSIVE JOB CUTS
LUTON WORKERS PROTEST GM LAYOFFS
NEW PROPOSAL SIDELINES EVS, FAILS TO PLEASE
JOINT REPORT BLAMES TIRES, NOT EXPLORER
SUBARU RECALLS LEGACY
EPA TO PHASE IN CLEAN DIESEL
ANOTHER FORD RECALL
DC RESTRUCTURING TO ENCOURAGE MORE PLATFORM SHARING
COVISINT IS LEGIT
SCHMIDT TO HEAD FORD RESEARCH
GM NAMES DEVINE NEW CEO
DAEWOO WILL SEEK MORE CUTS
DC MAY ADD VEHICLE TO WINDSOR ASSEMBLY
GM ENTERS MARKETING ALLIANCE WITH EBAY
OLDSMOBILE TO FADE AWAY General Motors has announced that it plans to phase out its Oldsmobile division. Announced last Tuesday as part of a major cost-cutting plan, the phasing-out of the 103-year-old Oldsmobile name will not be an immediate thing. GM plans to either sell existing Oldsmobile models for several more years or move them to other nameplates, and much of the division's recent investments will be moved to Saturn. The National Automobile Dealers Association released a statement criticizing the move, and requesting that loyal dealerships receive "fair compensation" for the decision. The redesigned 2002 Bravada, which comes out early next year, will be the last new Oldsmobile.
For more information on the Oldsmobile announcement and the other GM cuts, click here.
GM PLANS PLANT CLOSINGS, MASSIVE JOB CUTS General Motors revealed that a broad cost-cutting plan will cut about 16,000 jobs in the U.S. and Europe, including the closure of Vauxhall assembly operations in England. Production of the Vauxhall Vectra, now produced at the Luton plant, will be moved to a plant in Germany. Also, GM will close its Delta Engine plant in Lansing, Michigan, effective next September. The plant makes 2.4-liter four-cylinder engines. The automaker also plans to cut 5000 North American white-collar jobs, about ten percent of the total number of salaried workers.
LUTON WORKERS PROTEST GM LAYOFFS Workers at the Luton, England, General Motors plant walked off the job for a day, in protest of announced cuts that would close the plant and eliminate its 2000 jobs, part of a GM plan that would slash thousands of jobs across Europe. About 1000 workers joined in the protest, and about 600 marched to nearby offices, demanding to see Vauxhall chairman Nick Reilly, according to Bloomberg News. The Luton plant currently makes Vauxhall Vectra models.
NEW PROPOSAL SIDELINES EVS, FAILS TO PLEASE California's Air Resource Board (ARB) unveiled a proposal to greatly reduce the number of electric vehicles (EVs) that will be required to be sold or leased in California by 2003, substituting them instead with more super ultra low-emissions vehicles (SULEVs). Earlier this year, the board compromised an earlier agreement that required ten percent of all vehicles from the largest manufacturers to be electrics, agreeing on a reduced proportion of four percent. The latest proposal reduced the proportion of electrics required to two percent, with two percent hybrids and six percent SULEVs stipulated. The new rules fail to please automakers or environmentalists. Automakers say that there is no market for EVs and want to test the market first, while green-car advocates say that the new rules sideline electric vehicles and allow more clean-burning vehicles that use excessive amounts of fuel.
For more on what the Air Resource Board latest proposal means for the auto industry and why environmentalists are critical of it, click here.