Forecast: Auto Industry To Add 88000 Positions Source: Lansing State Journal More than repaying taxpayer loans, increased sales or profits, hiring will be the most credible evidence automakers are recovering. Two respected sources foresee the industry adding about 88000 jobs. President Obama stated the auto industry bailout was paid off President Barack Obama said that the bailouts that the government funded for the American automotive industry ... Read More

In the process of constant advancement in auto technology, car makers are pondering on manufacturing environment-friendly vehicles utilizing nanotechnology. Two of the much-anticipated future vehicles of this concept are Acura FCX 2020 Le Mans and Volkswagen Nanospyder. Automakers are constantly incorporating the most advanced technology in their lineup. This time around they are planning to use nanotechnology to come up with spectacular vehicles. Two of the most sought-after vehicles are Acura ... Read More

The Collapse of the Auto Industry – Are Unions to Blame? According to the Indianapolis Star, in the year ending 2007, the average base wage for a GM blue-collar employee, was just under $28 an hour. GM officials. Auto industry concerned by price hike in iron ore The European automobile industry is very concerned by the sudden and massive increase in the price of iron ore, a crucial ... Read More

During an interview Monday, General Motors Europe Chief Executive Nick Reilly announced that they are "pretty near the end" of discussions with Renault about extending their deal and keeping the Luton plant open for business. The Luton plant is operated through a partnership between GM Europe and Renault that is supposednto last until 2013. But since GM crashed into Chapter 11 bankruptcy protection in the US last year and with major ... Read More

Though many experts say that electric cars are the future when it comes to transportation, having had rave reviews for almost 25 years now, the reality is that not many are excited with them. And this is specially true in Switzerland. At this year's Geneva Motor Show, though there are many new models of electric cars showcased by different automakers, you won't really see many of them on Swiss roads. In ... Read More