Bernard Simon Carmakers aim to improve margins with more pricing power on small models. General Motors' assembly plant in Lordstown, Ohio, is a rarity these days. At a time when the carmaker is trimming capacity and chopping jobs across North America, Lordstown is about to hire 1,400 workers for a third shift. The plant owes its good fortune to building the sporty, fuel-efficient Chevrolet Cobalt and Pontiac G5 cars. While demand for big sport-utility vehicles and pick-up trucks has plummeted, Cobalt sales jumped by 18 per cent in the first five months of 2008.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/small-cars-prove-next-big-thing
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-industry
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/general-motors
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-technology