The automaker is halting production due to supply chain interruptions triggered by the coronavirus outbreak and to adjust volume given the "rapid decline in demand around the world.”
from Section Page News - Automotive News https://ift.tt/3bG5KYT
Tuesday, March 31, 2020
Subaru to suspend Japan output, extend U.S. shutdown
from Section Page News - Automotive News https://ift.tt/3bG5KYT
Genesis recruits new U.S. sales director from Infiniti
Tedros Mengiste will take over sales and dealer-facing duties and will report to Mark Del Rosso, CEO of Genesis Motor America.
from Section Page News - Automotive News https://ift.tt/2xDJW1o
Ford to build respirators in Michigan near home of Mustang
Using paid volunteers from the work force assigned to an idled assembly plant in Flat Rock, Mich., Ford will begin respirator output next week, according to UAW local officials at the factory.
from Section Page News - Automotive News https://ift.tt/39sWExe
Ford CEO plans furloughs if crisis lingers
Jim Hackett told a Detroit radio station he could envision a scenario in which employees would be off without pay one out of every four weeks should the crisis last beyond early May.
from Section Page News - Automotive News https://ift.tt/2vZJIkG
UAW names former NLRB chair as independent ethics officer, launches hotline
The steps come as federal prosecutors continue to dangle the possibility of placing the UAW into federal receivership through the Racketeer Influenced and Corrupt Organizations Act.
from Section Page News - Automotive News https://ift.tt/3bDMD1I
VW names Schneider to government affairs post
Anna Schneider takes over as head of public affairs and public policy for Volkswagen Group of America on April 3, succeeding longtime executive David Geanacopoulos, who is retiring.
from Section Page News - Automotive News https://ift.tt/340csX3
Tesla’s drive to keep plant open irked city that saw health risk
Public records provide a detailed glimpse of what was a contentious days-long debate between local authorities and Tesla, which sought to stay open based on how the federal government defines critical infrastructure sectors.
from Section Page News - Automotive News https://ift.tt/3dIOqUW
UAW names former NLRB chair as independent ethics officer, launches ethics hotline
The steps come as federal prosecutors continue to dangle the possibility of placing the UAW into federal receivership through the Racketeer Influenced and Corrupt Organizations Act.
from Section Page News - Automotive News https://ift.tt/3bGpFqS
Penske Auto cuts exec pay, furloughs staff, delays capital outlays
CEO Roger Penske and President Robert Kurnick will take no salary during the coronavirus outbreak, while executives and managers throughout the dealership group's global team are taking undisclosed pay cuts.
from Section Page News - Automotive News https://ift.tt/2WT70nw
Trump administration completes rollback of Obama-era fuel efficiency rules
The announcement sets up a legal battle with California and more than 20 other states that plan to sue over the fate of one of most ambitious U.S. climate change regulations.
from Section Page News - Automotive News https://ift.tt/340RZ4z
Ford indefinitely delays reopening N.A. plants; third worker death reported
The automaker has pushed back targeted opening dates twice now as the pandemic worsens. It was previously aiming to begin work at Hermosillo Assembly in Mexico on April 6 and a handful of U.S. plants on April 14.
from Section Page News - Automotive News https://ift.tt/39yOBPv
BorgWarner warns Delphi acquisition could be at risk
Delphi drew down its full $500 million revolving credit facility to position for the downturn related to the coronavirus pandemic, a move BorgWarner said breached their merger agreement announced in January.
from Section Page News - Automotive News https://ift.tt/39qcl8s
Volvo to offer pickup, delivery, loaners for service
Volvo is removing a major pain point for customers with a vehicle undergoing service -- having to schlep to and from the dealership.
from Section Page News - Automotive News https://ift.tt/2QZuOCx
Ford indefinitely delays reopening N.A. plants
The automaker has pushed back targeted opening dates twice now as the pandemic worsens. It was previously aiming to begin work at Hermosillo Assembly in Mexico on April 6 and a handful of U.S. plants on April 14.
from Section Page News - Automotive News https://ift.tt/39sHbxj
VW: Sales picking up across industry after blow
The head of VW's China operations expects industry sales to rise to 1 million in March, up from 250,000 in February when the coronavirus outbreak depressed volume. While most of VW's factories have resumed output, the company's assembly plants in Changsha and Urumqi remain closed.
from Section Page News - Automotive News https://ift.tt/2Uua73u
Monday, March 30, 2020
Penske Automotive to cut executive pay, furlough employees, postpone capital expenditures
CEO Roger Penske and President Robert Kurnick will take no salary during the coronavirus outbreak, while executives and managers throughout the dealership group's global team are taking undisclosed pay cuts.
from Section Page News - Automotive News https://ift.tt/3bGzxAX
FCA to defer 20% of salaried workers' pay; Manley to take 50% cut
Most salaried employees globally will have to give up 20 percent of their pay for three months but will get the money later, according to a letter from CEO Mike Manley, who will have his salary cut by half. Nineteen other top execs will take a 30 percent hit.
from Section Page News - Automotive News https://ift.tt/2JnU94I
Ford, GE Healthcare to build 50,000 ventilators in next 100 days
The automaker plans to begin building ventilators at its Rawsonville Components Plant using 500 paid UAW volunteers on three shifts beginning the week of April 20.
from Section Page News - Automotive News https://ift.tt/39wiNLc
UAW board files internal charges against regional director over harassment allegations
If found guilty of so-called Article 30 charges in a union trial, Region 2B Director Richard Rankin could be removed from office.
from Section Page News - Automotive News https://ift.tt/2WSBohE
Exor to invest $200 million in Via Transportation
The investment by the holding company for Italy's Agnelli family would give it an 8.87 percent stake in the on-demand, shared transit provider.
from Section Page News - Automotive News https://ift.tt/3dDtGxT
Labor Department extends deadline for union financial reports
The advisory covers unions whose main office is located in areas highly impacted by the pandemic. The UAW's report was expected to shed light on the union's financial condition amid its ongoing federal corruption scandal and last year's strike at General Motors.
from Section Page News - Automotive News https://ift.tt/2JqUxzn
Honda names new Acura advertising exec, U.S. PR head
Sage Marie will become assistant vice president of Acura advertising. Moving into Marie's role at American Honda will be Matt Sloustcher.
from Section Page News - Automotive News https://ift.tt/2WTBDcv
Paris auto show organizers seek ways to rescue event amid virus outbreak
Organizers stopped short of canceling or postponing the show, but they suggested that the traditional automaker displays would not be held this year.
from Section Page News - Automotive News https://ift.tt/3bNQVDZ
Paris auto show organizers seek ways to rescue event
Organizers stopped short of canceling or postponing the show, but they suggested that the traditional automaker displays would not be held this year.
from Section Page News - Automotive News https://ift.tt/2UrrJ06
Paris auto show format to change after virus outbreak
Organizers stopped short of canceling or postponing the event, but they suggested that the traditional automaker displays would not be held this year.
from Section Page News - Automotive News https://ift.tt/3dDLOru
Subscribe to:
Posts (Atom)