Group items tagged

Despite high demand for the redesigned sports car, GM will not add a second shift

"We've seen this again and again. You bring out a new Corvette and the demand is sky-high at the beginning, and then it tapers off,"

"It's not worth making that investment [of a second shift], even though for awhile we make a lot more money getting those cars out there."

GM produced 14,960 Corvettes in 2012 in the car's lone plant. If GM sticks to its current production plan for the redesigned 2014 model, output will nearly double to about 30,000 units for a full year.

GM has banked enough orders from dealers to keep the plant cranking out cars at 160 per day for at least the next six months.

A greater number of exports will reduce the number of cars available in the United States.

First, GM plans to offer the redesigned Corvette in nearly all 140 countries that sell Chevrolets.

GM spent $131 million to retool the Corvette plant to assemble the 2014 model, which uses a new frame, body and suspension.

"UK car manufacturing for the home market increased strongly in October," said SMMT chief executive Mike Hawes. "With European demand showing early signs of recovery, we expect production to continue positively in the coming months."

the car industry still managed to roll out 746,085 vehicles, a 6.1 percent increase so far this year

Even as November registered the most significant year-on-year variation in production,

February‘s production was down 2.3 percent from the previous year, August levels slipped 12.2 percent and in October the amount of Argentine vehicle manufactured fell 4.8 percent from the same month last year.

domestic and international sales saw increases since the beginning of the year in comparison to 2012, with domestic levels up 18 percent and exports 9.5 percent higher.

Most cars built in the UK are exported.

Thousands of new jobs were created in the industry as both Jaguar Land Rover and Bentley expanded their operations in the UK.

UK economic activity holds up well through 2014 and beyond

"Europe is a key region for GM," he added.

e-toll gantries and a conventional, manned toll-gate.

monthly fee of 550 rand ($54; £33) to use the roads, while those who do not register pay up to three times as much if they do not pay within seven days.

Their car number plates are scanned by gantries over the toll roads and bills sent to their homes if they have not paid in advance.

Critics have described the system as "highway robbery".

The government says the e-toll is the only way it could have afforded to improve the congested roads around the commercial capital, Johannesburg.

The so-called core CPI, which strips out the volatile energy and food components, also rose 0.2 per cent in March after edging up 0.1 per cent the prior month.

In the 12 months through March, the core CPI advanced 1.7 per cent after rising 1.6 per cent in February.

The Labor Department said on Tuesday its Consumer Price Index increased 0.2 per cent last month as a rise in food and shelter costs offset a decline in gasoline prices. The CPI index had gained 0.1 per cent in February.

In March, food prices increased 0.4 per cent after rising by the same margin in February. A drought in the West has pushe

In March, food prices increased 0.4 per cent after rising by the same margin in February. A drought in the West has pushed up prices for meat, dairy, fruit and vegetables.

More price increases could be on the way after food prices at the factory gate posted their biggest gain in 10 months in March. Gasoline prices fell 1.7 per cent, declining for a third straight month.

Within the core CPI, shelter costs increased 0.3 per cent, which accounted for almost two-thirds of the rise in the index. Rents increased 0.3 per cent.There were also increases in medical care, apparel, used cars and trucks, airline fares and tobacco. The cost of recreation, and household furnishings fell.

marketing, raising awareness of the fruit's health benefits,

fruit as a high value product, rather than a commodity.

Australia had been the largest overseas market for more than a decade