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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

College Exhibition: Hongik University Degree Show 2006

Senior transportation Design students at Korea's Hong-ik University presented their works in the School's Graduate Exhibition 2006 held in October. Running from March 4th to July 10th, the Renault-sponsored project with the theme 'My First Renault', gave the students a fairly open brief to design a personal vision of a Renault vehicle of the near future. The students also had a presentation with Patrick Le Quement, the Renault senior vice president, corporate design, Anthony Grade (vice president) and Jean-Marie Hurtiger, the executives of Renault-Samsung Motor's in their design center in Gi-heung, Korea in November.

Chrysler recalls minivans for airbag fix

The Chrysler Group is recalling about 300,000 Chrysler Town & Country and Dodge Grand Caravan minivans to fix airbags that might deploy without warning. The recall covers vans built for the 2008 model year. Chrysler says water could leak into the airbag controller from a faulty drain grommet in the ventilation system.