long bidding war for the new Kia plant is over - and
Since last year, Kia Motors, an
Kia and the state of
Kia is planning to boost North American sales from 350,000 units this year to 800,000 units a year by 2010.
Daily Edition: Feb. 27, 2006 by TCC Team
2007 Subaru B9 Tribeca Noses Ahead by Marty Padgett (2/9/2006)
Meanwhile, Honda Motor Co. may
also be looking to expand its production footprint. The Wall Street Journal reports that the
company is beginning talks that could bring the construction of Honda's first
new plant in
CAW Approves Camaro
Members of Canadian Auto Workers Local 222 in
The Camaro was one of the big favorites of journalists and car buffs at the North American International Auto Show in
With the feasibility study still in the works, GM negotiators recently settled in for eleven days of intense negotiations with CAW representatives from the Oshawa assembly complex where GM now has three assembly plants. CAW officials have said that the negotiations are a prelude to a decision on actually building the Camaro.
CAW Approves Camaro Changes
Plant rules will enable Canadian factories to build Zetas, including Camaro.
Suzuki Plots Future Without GM
For Suzuki, the decision by General Motors Corp. to
reduce its stake in the Japanese automaker could help it reassert its
independence without doing any damage to the company's operations in
Last week GM announced plans to sell off most of its stake in the Japanese automaker. GM's equity stake in Suzuki Motor Corp. drops from 20.4 percent to 3 percent. GM expects to get $2 billion and net between $550 million and $750 million from the sale, GM officials said. GM has invested about $1 billion in Suzuki since 1981, said GM spokeswoman Gina Proia.
Suzuki is a bit player in the
Going forward, the GM-Suzuki CAMI joint venture based in Ingersoll, Ont., will produce the new XL7 crossover, which is scheduled to make its debut at the next month's New York Auto Show and arrive at the company's dealerships next fall.
Suzuki Plots Future Without GM (3/12/2006)
Tiny automaker plans on big expansion abroad.
GM Adds to Tailgate Recall
General Motors will recall another 900,000 vehicles for problems with tailgate cables. The latest recall, the AP reports, is distinct from the one that resulted in a recall of about four million 2000-04 GM trucks and SUVs because of the different material found in tailgate cables. In both instances, the cables can corrode and break, leading to injuries. The new recall involves the 1999-2000 models of the Chevrolet Silverado and GMC Sierra full-size pickups. Some 84 injuries have been linked to the problem, but no accidents or deaths.