Did you hear that there is a new automotive company that will be starting to assemble fuel-efficient cars in Louisiana?  Well, it’s true.  The company, called V Vehicle Company in San Diego, will take over a vacant plant in Monroe, LA.  The V Vehicle Company estimates that it will employ 1400 employees once the plant begins to produce these vehicles. That’s good news for the state, and for the consumers to have another choice of vehicle. 

Fiat, which recently took over Chrysler, has said that ”serious restructuring” needs to take place in the auto industry saying that the there is a major problem with production overcapacity.  The restructuring would include measures to cut costs and increase efficiency. Fiat feels that is this doesn’t happen, the auto industry will only have more problems and that restructuring will help the industry make the turn upwards. 

General Motors has sold their Saab brand to a group that is part of the Koenigsegg Automotive,which is a Swedish supercar maker.  Currently, Koenigsegg sells two very high end vehicles that cost over $1 million.  This company likes to produce eye-catching, fast cars, but they cost ALOT of money. We’ll have to see what happens to Saab. 

GM is stopping production of the Pontiac Vibesin August. All Pontiacs will be slowly eliminated from the production line, and the Vibes are the first to go, I guess.  It’s sad to see the brand go, but hopefully this will help GM to get back on track.

That’s all the news I have for now. More to come, I’m sure. 

 

This entry was posted on Sunday, June 21st, 2009 at 4:51 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.