Apr 25 2015 02:00 PM | Volkswagen NewsBreaking news coming out of Germany today as Volkswagen Chairman and grandson of the company's founder, Ferdinand Piëch announced his resignation after losing a public battle to try an oust Volkswagen's chief executive, Martin Winterkorn.
"The members of the Executive Committee have unanimously determined that in view of the background of the last weeks the mutual trust necessary for successful cooperation no longer exists," said Volkswagen's Supervisory Board in a statement today.
"For this reason Professor Dr. Ferdinand K. Piëch has resigned with immediate effect from his position as Chairman of the Supervisory Board and from all his mandates as a Supervisory Board member within the Volkswagen Group."
Apr 25 2015 10:15 AM | Ford NewsFord announced this week that it will be cutting a shift at its Michigan Assembly Plant in Wayne, MI - where the Focus and C-Max are built - due to slumping sales. Ford says the cut will affect a total of 700 workers - 673 hourly workers and 27 salaried employees.
"Ford will be working to redeploy affected hourly employees and they will be considered first for southeast Michigan opportunities as they become available," Ford said in statement to The Detroit News.
Salaried employees will be moved to other Ford facilities.
Sales of the Ford Focus dropped 14.5 percent last month, despite a refreshed model and a price cut on the electric model. The C-Max was hit worse with a sales drop of 22.9 percent.
Apr 24 2015 01:45 PM | Chevrolet NewsThe Corvette has a long history of excelling in endurance racing, and the C7.R looks to continue that. To celebrate the legacy, Chevrolet has announced a special edition Corvette Z06 which brings some of C7.R race car to the road.
The 2016 Corvette Z06 C7.R Edition comes in yellow or black and boasts a fair amount of unpainted carbon fiber (including the material on the hood), along with grilles painted in Spectra Gray Metallic. A set of black wheels with Corvette Racing caps come wrapped in Michelin Pilot Super Sport Cup 2 tires. Inside are a set of Competition Sport Seats that are upholstered in Jet Black leather. Suede lines the steering wheel, gearshift, instrument panel, and doors.
Being a Z06, the C7.R Edition...
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