Previous
Analyst: Production of Next-Gen Saturn Astra, Chevy Cobalt Moving to Mexico (Visit this link)
General Motors is ready to give its Lordstown complex a new small car that gets nearly 40 mpg, a union leader said. "We're going to have longevity. This car's going to sell," Jim Graham, president of United Auto Workers Local 1112, said at a news conference Friday about a new labor contract. Graham didn't provide any other details about a new model, but an industry analyst said it would be the new version of the Chevrolet Aveo, which is now made in South Korea. Erich Merkle, an analyst with IRN in Grand Rapids, Michigan, said GM plans to begin making the new model in Lordstown in 2010, to be followed by a new rear-wheel drive, mid-size model in early 2011. Despite GM's interest in Lordstown, it still is increasing small-car production in Mexico, Merkle said. The Cobalt will be moved there because GM wants a high-production model in a new plant it is building, he said. He added that the Saturn Astra, which now is made in Europe, also will be moved to Mexico.
Visit this Link for the Full Story.