Volvo built the 200 Series for nearly 20 years and the owners of those sensibly rectangular machines tended to keep them for decade after decade, so I have no problem finding plenty of discarded examples during my junkyard travels despite the last ones rolling off the assembly line in 1993. Most of those machines have been the four– cylinder/ four– or five– door cars, though, because more cylinders and/or fewer doors didn’t seem stolid enough for your typical American Volvo shopper. In fact, prior to today, I had documented as many junked 262C Bertones as 242 two– doors (and just a single 264 sedan). Now I’ve found this rusty 242 in a self-service yard between Denver and Cheyenne.
While autonomous vehicles are still in the early stages of testing, a few of the European members of the United Nations have laid the groundwork for the self-driven future to come sooner than later.
Not enough that people in Belgium are losing their appetite for cars (last we looked the market was down 11 percent), now people have even less reason to go to the Brussels motor show: Belgium’s equal opportunities minister Joelle Milquet asked carmakers to keep their product specialists fully dressed.
GM is not the only U.S. automaker that wants to close a plant in Europe, and Ford is thinking about more than the end of the road for Alan Mulally. German press, from the industry magazine Automobil Produktion to the German edition of the Wall Street Journal are talking about Ford shuttering its plant in Genk, Belgium.
GM has a $530m millstone around its neck. It’s the closed and unsold Antwerp plant. Nobody wants it. The Antwerp assets are turning into a liability which endangers the GM IPO. Now it looks like GM found a savior that could take the plant off their hands. Guess where he comes from. Hint: Not from Washington.
To stay alive, Opel wants to scale down. The factory in Antwerp is being closed. With amazing results for Opel’s bottom line: Closing the factory costs GM around €400m ($532m) in termination benefits. GM and the unions reached an agreement on the termination benefits earlier this week, reports Reuters. There are 2,600 workers in Antwerp. Now do the math: $532m divvied up amongst 2600 workers is a little bit over $200,000 per worker. Ouch! Wait, there is more pain …
Belgium’s Antwerp can focus on its core competencies as a hub of the diamond trade. Opel will close their plant in the port city of Belgium within the next months, reports Das Autohaus, citing an announcement by Opel. The plant will be closed “to safeguard the future of the company quickly and sustainably.”
Nick Reilly expressed his supposedly sincere condolences:
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- Redapple2 Why does anyone have to get permission to join? Shouldnt the rules to race in a league be straight forward like. Build the car to the specs. Pay the race entry fee. Set the starting grid base on time trials.?Why all the BS?I cant watch F1 any more. No refuel. Must use 2 different types of tires. Rare passing. Same team wins every week. DRS only is you are this close and on and on with more BS. Add in the skysports announcer that sounds he is yelling for the whole 90 minutes at super fast speed. I m done. IMSA only for me.
- Redapple2 Barra at evil GM is not worth 20 mill/ yr but dozens (hundreds) of sports players are. Got it. OK.
- Dusterdude @SCE to AUX , agree CEO pay would equate to a nominal amount if split amongst all UAW members . My point was optics are bad , both total compensation and % increases . IE for example if Mary Barra was paid $10 million including merit bonuses , is that really underpaid ?
- ToolGuy "At risk of oversimplification, a heat pump takes ambient air, compresses it, and then uses the condenser’s heat to warm up the air it just grabbed from outside."• This description seems fairly dramatically wrong to me.
- SCE to AUX The UAW may win the battle, but it will lose the war.The mfrs will never agree to job protections, and production outsourcing will match any pay increases won by the union.With most US market cars not produced by Detroit, how many people really care about this strike?