Dodge Challenger SRT8
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Apple's latest tax dodge is yet another chink in its once-shining armor, Virginia Heffernan says
Filed under: Plants/Manufacturing, Chrysler, Ford, GM Most domestic automaker assembly plants traditionally take a couple of weeks off during the summer. The shutdowns give each plant time for much needed repairs and maintenance, and in some cases, help better align production with demand. Not this year, though, as demand for many models is outstripping what Ford, Chrysler and General Motors plants can produce. Ford has announced that it will shorten its annual summer shutdown for most North American plants from two weeks to one. The shorter shutdown will increase the carmaker's annual North American production by 40,000 units on top of the 200,000 extra units that it was already planning to produce this year versus last. Automotive News reports that Ford produced 2.8 million vehicles on this continent in 2012, and that output this year has already increased 13 percent through April. Chrysler, meanwhile, is also operating at full tilt and plans to run some plants through the summer with no shutdown at all. Those not getting a break include Jefferson North where the Jeep Grand Cherokee and Dodge Durango are assembled, Toledo North that will assemble the new Cherokee, and Conner Avenue, home of SRT Viper production. Other assembly plants will be down for a single week, while all of Chrysler's engine and transmission plants except one in Indiana will continue operating with no shutdown this summer. Lastly, GM is keeping its cards closer to its chest. The automaker declined to comment to Automotive News about its summer production plans, instead saying that the company "does things a bit differently" now compared to the past, tying plant shutdowns to model life cycles and market demand rather than traditional annual timetables.Continue reading Ford and Chrysler reducing summer plant shutdownsFord and Chrysler reducing summer plant shutdowns originally appeared on Autoblog on Wed, 22 May 2013 13:29:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
Filed under: Performance, Chrysler, Dodge, SRT A monstrous supercharged V8 engine could be in store for Chrysler and SRT products, if recent rumors are to be believed. Allpar is reporting that the forced-induction V8 - Chrysler's first, if this goes down - could make its debut this summer. The story goes that the Hellcat would be based on a 6.2-liter Hemi engine, rather than on the existing 5.7- or 6.4-liter versions of the company's vaunted mill. In any case, the general consensus is that the motor will have gobs of power. Modest estimates call for between 500 to 570 horsepower, with some outliers predicting a figure as high as 600 hp. That figure would put the output would place the Hellcat awfully close to that of the 640-hp V10 in the SRT Viper, too. Allpar contends that a slightly lower powered version would allow Chrysler to keep costs below that of the more powerful Ford Shelby GT500, which might be a sweet spot. The Hellcat could debut in a number of SRT products. SRT versions of the Charger, Challenger and 300 are all up for grabs, as is the rumored SRT Barracuda.Chrysler readying Hellcat V8 with Viper-like power originally appeared on Autoblog on Tue, 21 May 2013 10:57:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
It’s safe to say that Apple CEO Tim Cook won’t be having much fun on Tuesday when he testifies before the Senate about his company’s alleged tax dodging practices. The Hill reports that a new report from the Senate Permanent Subcommittee on Investigations has found that Apple has allegedly “funneled money through three offshore companies to dodge billions in taxes,” which some senators say highlights major holes in U.S. tax law. Senator Carl Levin (D-Mich.), for one, said that Apple “sought the Holy Grail of tax avoidance” as it “created offshore entities holding tens of billions of dollars, while claiming that it was a tax resident nowhere.” Senator John McCain (R-Ariz.), meanwhile, said that “a company that found remarkable success by
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