Sunday, June 22nd, 2008 |
Ford has announced that it will re-open its Essex engine plant in Windsor, Ontario. The plant has been shut down since November of last year, but Ford and the CAW negotiated a “competitive operating agreement” last February that will allow the plant to re-open. According to Automotive News, the plant re-opening will allow 300 employees to return to work. The CAW will be re-staffing the plant based on seniority. Ford failed to mention which engine(s) it will be producing at the plant, but Toronto’s Globe and Mail newspaper speculates that the plant will produce Ford’s next-generation of fuel-efficient V8s. Ford will invest $165.4 million into the plant, with the Ontario government kicking in another $16.5 million. With the next round of CAW/Big Three negotiation quickly approaching, it appears as though Ford might have just earned itself a bit of good will.
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Sunday, June 22nd, 2008 |
On February 25th, Ferrari kicked off its Magic India Discovery. The event will continue until May 8th and will see two Ferrari 612 Scagliettis cover over 7,000 Indian miles. But in addition to proving the durability of the cars, the event has also shed some light on Ferrari’s future plans. Gabriele Lalli, head of Ferrari’s promotional Magic India Discovery tour, revealed to The Economic Times during the event that "Ferrari is looking at India and may enter the country by 2010." Interestingly enough, Ferrari may look to Tata Motors to help it establish a sales and marketing network within India. Fiat, which owns an 85 percent stake in Ferrari, already runs a joint venture with Tata in India. Moreover, it is rumored that Tata is interested in acquiring a stake in Ferrari. Whatever the case, it appears that times are good for the Prancing Horse as the Italian marque is already expanding into Japan and has a waiting list at least two years long for any of its vehicles. Sources from http://www.leftlanenews.com
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