Category Archives: milestones

Ally Financial Repays $2.9 Billion of FDIC Debt

Ally Financial today announced it has repaid $2.9 billion in debt issued under the FDIC’s Temporary Liquidity Guarantee Program (TLGP). The bank holding company issued this debt on 30 October 2009 with a maturity date of 30 October 2012. The final Ally debt guaranteed under the TLGP will be repaid in December 2012 and totals $4.5 billion. Continue reading

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2014 Corvette Sticks with A Revised LT1 V8 Engine

When Chevrolet Corvette arrives late next year, most of the sports car will be all new, but not the 6.2L V8 engine. The latest Corvette LT1 engine, the first of the so-called Gen 5 family of Small Block engines, combines several advanced technologies, including direct injection for the first time, cylinder fuel shut off and continuously variable valve timing to support an advanced combustion system. Zero-to-60 mph times of less than four seconds are predicted for the base car. The new LT1 is the third engine in the Corvette’s history to be so-named, with previous versions introduced in 1970 (Gen 1) and 1992 (Gen 2). Continue reading

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Milestones: 25 years of Volvo Airbags

The airbag has been a standard feature in all cars for several years now, but in the early days both the technology and its reliability created intense debate with safety advocates and government regulators ignoring the very real problems earlier designs had. The problem in the U.S. was largely caused by Joan Claybrook and other advocates and legislators who sold the idea of the airbag as eliminating the need for unpopular safety belts and belt interlock system.

In spite of extensive crash test data from Ford and General Motors, among others, showing that the regulation proposed in 1984 and effective in 1987 required a too powerful explosion to protect an unbelted 170-pound male without hurting smaller stature people the law went ahead. Regulators and politicians simply ignored the engineers. Dead drivers and passengers, some of them decapitated, were the grisly result until the regulations were rewritten as field results came in – dead on arrival so to speak. Continue reading

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GM Ren Cen Honors Triple Crown of Tiger Miguel Cabrera

General Motors is adding three panels to its changing LED sign atop its Renaissance Center headquarters this weekend to celebrate Detroit Tigers third baseman Miguel Cabrera’s winning the American League Triple Crown. Cabrera led the league during the 2012 regular season in the batting average (.330), runs batted in (139) and home runs (44), and if there’s any justice in the baseball world should be the most valuable player when the votes are tallied, unless something, well, fishy occurs.. Continue reading

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Honda Aircraft Breaks Ground on New Maintenance Hanger

The ~$5 million HondaJet has claims to what could be advances in aircraft design, including a unique over-the-wing engine-mount that is said to improve aircraft performance and fuel efficiency by reducing aerodynamic drag. However, this claim awaits FAA-certified production aircraft powered by two new design GE Honda HF120 turbofan jet engines. The small business jet market has long been dominated by Wichita-based Cessna, of course, which pioneered the idea of turbofan engines and manufacturer-supplied maintenance – and guaranteed costs for owners – in business aviation with its successful Citation line starting in the 1970s. Continue reading

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GM CAW Members Overwhelmingly Approve New Contract

CAW members at General Motors have approved a new collective agreement by 73% after voting took place at a series of ratification meetings Wednesday and Thursday in Oshawa, St. Catharines and Woodstock, Ontario. The union did not release the actual number of members who voted but said that 72% of production workers approved the deal, with skilled trades members 79% in favor. The CAW represents 21,000 workers at the Detroit Three auto companies, including more than 8,000 GM workers including 2,500 at CAMI in Ingersoll, Ontario. Continue reading

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Zipcar Expands Car Sharing to Tacoma

Zipcar today announced the expansion of its car sharing program to the city of Tacoma, Washington. Ten vehicles will be available, including Honda Insight Hybrid, Mazda 3, Volkswagen Golf and Ford Focus models. Six Zipcars will be located in downtown … Continue reading

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Honda Says New Steel and Aluminum Welding Process Cuts Weight

Honda Motor Company says it has a newly developed technology for the continuous welding of the dissimilar metals of steel and aluminum. Continue reading

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Milestones: GM Tonawanda Builds 4.2 Million Ecotec Fours

The General Motors Tonawanda Engine Plant has built its final 2.4-liter Ecotec four-cylinder engine, 13 years after production began in 1999. Since the New York State GM plant opened in 1938, more than 70 million engines have been assembled there. Continue reading

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GM and SAIC Open the Largest Proving Grounds in China

General Motors and its Chinese communist government dictated partners – SAIC, Shanghai GM and the Pan Asia Technical Automotive Center – have opened China’s largest proving grounds with 37 miles or 60 kilometers of test roads. The 5.67-square-kilometer (2.18 square miles) Guangde Proving Ground in Guangde County, Anhui, represents an investment of RMB 1.6 billion ($253 million). Shanghai GM and PATAC are managing the proving ground’s operation, which includes support facilities to test 67 different driving conditions

It is the latest transfer of white-collar professional salaried jobs from the U.S. taxpayer controlled company to the businesses operating in the world’s largest auto market, which is strictly regulated by the Chinese Central government in a successful jobs creation program that requires local partners and onshore investment as the price of doing business. Continue reading

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Ford CAW Approves First Four-Year Two-Tier Wage Contract

Now for the first time at Ford Canada under a “New Hire Grow-In program” fledgling union workers start at C$20.40, equal to 60% of the current highest member $34 base rate, and only get full compensation after ten years. The Obama Administration broke the power of the UAW in the U.S. as required terms for financing bankruptcy reorganizations at Chrysler and General Motors. As a result, unionized costs in the U.S. are now lower than in Canada and at some Japanese North American plants. Continue reading

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Chrysler Moves Forward on Eliminating Printed Owner Manuals

Chrysler Group, the first automaker to eliminate the conventional owner manuals from its vehicles and offer industry-first vehicle-information apps in a cost cutting move, will now apparently be the first in the auto industry to offer vehicle-information kits in Spanish for the U.S. market. Continue reading

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Milestones: 50 years of Mustang at Watkins Glen

It was 50 years ago that Ford Motor Company decided to show a mid-engine, V-4 powered two-seat concept car at the Watkins Glen Grand Prix.  While the striking handsome white car – still residing at the Henry Ford museum in … Continue reading

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First Look – 2014 Honda Accord Plug-In Hybrid Sedan

Since electric driving depends on a tiny 6.7 kilowatt-hour (kWh) lithium-ion battery, this means the Accord plug-in will be hard pressed to stay on electricity for more than 10 or 15 miles, although it will look good on the window sticker with a projected EPA rating of greater than 100 MPG-e. The electric motors are rated at 124-kilowatt (kW). Thank goodness there is also power dense gasoline on board, so the projected range of the plug-in is almost 500 miles. Continue reading

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Navy Week Comes to Detroit Commemorating War of 1812

Five days of activities will take place in downtown Detroit next week commemorating the War of 1812, which gave us a burnt White House, the Star Spangled Banner and finally convinced the British that we were no longer colonies, among other things. Continue reading

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