Late last year, General Motors (GM) announced that it would close a plant in Ontario, Canada, to save money. In recent months, the company has backtracked on that decision, saving over 300 jobs. However, the plant current employs 2,600 workers, so many more will still lose their jobs. The plant in Oshawa, east of Toronto was scheduled to close completely at the end of this … [Read more...]
Zotye Has 2nd Brand Ready For US Market
A few months ago, Motoring Weekly wrote about a new entrant to the US market: Zotye (pronounced Zo-Tay) via a California based company, HAAH Automotive. The CEO of HAAH is teasing the media with a comment that they will be bringing a second Zotye brand to market very soon. The founder of HAAH is Duke Hale, a 35-year veteran of the US automotive industry having been a former … [Read more...]
Hyundai Invests in Rimac
Back in May, we read several reports that the Hyundai/Kia group had signed a €80M partnership with Rimac, the developer of prototype electric sports cars. It wasn’t just a partnership agreement that was signed. What they did sign was an investment agreement, a stake in the company that goes far further than simply signing a partnership agreement to develop a new car. Even … [Read more...]
Tesla’s Truck Tease
Elon Musk and Tesla are keen to retain their mantel of being the best and most complete manufacturer of electric vehicles. In recent months they have been attacked on all sides by other manufacturers trying to get in on the act and providing products from established manufacturing centres. Tesla did buy the NUMMI plant in Fremont, just south of San Francisco, however they had … [Read more...]
Toyota Still Most Valuable Car Brand
Toyota has kept its title of most valuable brand in a recent annual survey and report - the Kanter Millward Brown Top 100 Most Valuable Brands. It is the 12th time in fourteen years that Toyota has come out on top of all the car brands listed. However in the last few years, automotive marques have been overtaken by other brands in the valuation list. In 2017 there were six … [Read more...]