The Bavarians have recently gotten some stick for the way they pay American workers compared to those from Germany but this bit of news is likely to change that. BMW has just announced that they plan to ship some serious investments over the Atlantic, particularly towards their Spartanburg plant. Their plant in Spartanburg California will soon have close to one...
GM recently announced some investments going into a 4 cylinder engine and creating a few jobs along the way. Naturally, Chrysler couldn't be outdone. Chrysler have just announced that they plan to invest around $843 million in their Kokomo, Indiana facilities. Sergio Marchionne, CEO of Chrysler Group and Fiat, made a recent visit to the manufacturing plant located in Kokomo,...
The Germans at Volkswagen came out with a pretty interesting announcement; they plan to invest no less than 51.6 billion euros in their Automotive division. There's more too, VW Group plans to invest this sum over the short period of five years. According to VW CEO, Mr. Martin Winterkorn, this sort of investments are going to be made in order...
A few recent rumors coming through the grapevine all the way from Bavaria make for BMW trying to reach a decision on whether or not to expand the lineup of products they are rolling off the line in Spartanburg. A decision of this sort would probably have no effect on pricing or deliveries but it could help sales of a...
Chrysler Group LLC have just announced that they are going to invest $300 million in order to retool two of its Indiana plants. The two plants are Indiana Transmission Plant I and the Kokomo casting plant and together produce automatic transmissions. After the retooling process is complete the plant will still be producing automatic transmissions but they will change specs...
Ford Motor Company's annual shareholders meeting hosted a very positive speech on the behalf of the company CEO, Alan Mulally. Mulally stated that Ford will have a "solidly" profitable result coming out of 2010 and that 2011 will bring along a “continuing improvement”. If I were a Ford shareholder I'd be feeling pretty good about myself, if I were an...
