Archive for April, 2009
CAW is “optimistic” about Chrysler restructuring
The Canadian Auto Workers Union (CAW) is “optimistic” that restructuring decisions regarding Chrysler represent the beginning of a brighter future for the new company. The union said that the new cost-saving collective agreement that it recently reached with Chrysler will remain intact.
(No Ratings Yet)Ontario provides $1.258 billion loan to Chrysler
The province of Ontario is contributing loans to Chrysler worth $1.258 billion, partnering with the Canadian and American governments to restructure the automaker.
(No Ratings Yet)U.S. will lend up to US$6 billion to Chrysler-Fiat
The U.S. federal government has announced that it will lend up to US$6 billion to a new alliance of Chrysler and Fiat, following restructuring that will include Chrysler’s filing for bankruptcy protection.
(No Ratings Yet)GMAC will provide Chrysler’s auto financing
GMAC Financial Services will provide automotive financing products for Chrysler dealers and customers.
(No Ratings Yet)Ontario drivers face “increased accountability”
Ontario drivers who have shed their cautious winter driving habits are warned that 2009 will be a year of “increased accountability,” according to the Ontario Provincial Police (OPP).
(No Ratings Yet)New impairment laws in effect in Ontario
Ontario has toughened its impaired driving laws, with new regulations that take effect May 1, 2009.
(No Ratings Yet)Subaru Canada returns with Golf Fore the Cure
Subaru Canada has announced it will continue its sponsorship role in a breast cancer fundraising program. The automaker will again partner with the Royal Canadian Golf Association (RCGA) as the presenting sponsor of Golf Fore the Cure.
(No Ratings Yet)U.K. engineers develop hybrid conversion
A new device that fits onto existing combustion engines may make it possible to convert much of the current fleet into hybrid vehicles.
(No Ratings Yet)Honda delays its light jet program
Honda Aircraft Company has revised the delivery schedule of its all-new HondaJet light aircraft, as economic challenges in the global aerospace industry have delayed component deliveries.
(No Ratings Yet)TRW opens test track in China
Michigan-based auto systems supplier TRW Automotive Holdings has opened a new test track in northern China.
(No Ratings Yet)