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Keyword: automakers

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  • Fiat Chrysler agrees mega-merger with Peugeot, Citroen and Vauxhall- [tr]

    10/31/2019 6:21:39 AM PDT · by C19fan · 68 replies
    UK Daily Mail ^ | October 31, 2019 | Simon Lambert
    Two of the world's biggest car companies Fiat Chrysler and PSA - the owner of Peugeot, Citroen and Vauxhall - confirmed that they have agreed a merger today. The move would tie together Fiat Chrysler's major position in North America and PSA's status as Europe's second largest carmaker, to create the world's fourth biggest vehicle firm. The firms say that they could save £3.2billion (€3.7billion or $4.1billion) in costs with the merger, but claim they could do this without any factory closures. However, the deal is likely to face fierce scrutiny as employees and unions fear that it would lead...
  • UAW to go on strike after negotiations with GM fall through

    09/15/2019 8:34:09 AM PDT · by springwater13 · 152 replies
    The UAW announced Sunday morning that it would strike "effective at midnight tonight" after contract negotiations fell through. During a press conference on Sunday, the union's vice president said it informed GM that its membership would follow through after the contract ended Saturday at 11:59 p.m.. "This is our last resort," said VP Terry Dittes. A spokesman said the strike impacts about 48,000 UAW workers at GM plants across the country.
  • Trump attacks General Motors over China, US employment

    08/30/2019 11:06:05 AM PDT · by Berlin_Freeper · 20 replies ^ | August 30, 2019 | Michael Wayland
    President Donald Trump on Friday attacked General Motors for its significant presence in China and questioned whether the automaker should move the operations to the U.S. Trump, in a tweet, said GM, “once the Giant of Detroit, is now one of the smallest auto manufacturers there. They moved major plants to China, BEFORE I CAME INTO OFFICE. This was done despite the saving help given them by the USA. Now they should start moving back to America again?” Many of the claims in the tweet against the Detroit automaker were misleading or inaccurate, according to industry data and officials.
  • Lee Iacocca Dead at 94

    07/02/2019 6:31:46 PM PDT · by blueyon · 74 replies
    TMZ ^ | 7/02/19 | TMZ???
    Auto industry icon Lee Iacocca -- forever connected to the Ford Mustang and former chairman of Chrysler -- has died ... according to a family source. A family member tells TMZ Iacocca passed away, but could not provide any further detail. Iacocca is credited with saving Chrysler from bankruptcy back in the 1980s ... and he's often referred to as the father of the legendary Ford Mustang. While he was always known within the auto industry ... he became a household name across America when he starred in a series of TV advertisements for Chrysler.
  • Sen. Gary Peters proposes federal agency to boost manufacturing industry

    06/21/2019 9:09:27 AM PDT · by Cletus.D.Yokel · 37 replies ^ | 21JUN2019 1106 | Malachi Barrett
    Michigan automakers, parts suppliers and advanced manufacturers have worked hard to innovate, Peters said, but need a strategy backed by policy guidelines and federal investment to remain world leaders in manufacturing. “Other nations identify their goals, their plans, and then execute,” Peters said. The United States, on the other hand, has no comprehensive national manufacturing policy and no key person in charge of guiding U.S. manufacturers through the tumultuous changes that lie ahead."
  • Tesla is at risk of bankruptcy if the stock falls by 20%

    05/23/2019 6:08:16 AM PDT · by artichokegrower · 32 replies
    American Thinker ^ | May 23, 2019 | Chriss Street
    Tesla CEO Elon Musk, who borrowed $517 million on margin to buy more stock, potentially would be forced to liquidate all his shares and risk bankrupting Tesla if the price falls by 20 percent.
  • Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

    05/20/2019 8:19:49 AM PDT · by yesthatjallen · 49 replies
    Reuters ^ | May 20, 2019 | Ben Klayman
    Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. Ford Chief Executive Officer Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the United States, the spokesman said. “To succeed in our competitive industry, and position Ford to...
  • After second recall, Toyota Prius electrical system is still overheating

    04/15/2019 2:31:04 AM PDT · by Libloather · 60 replies
    LA Times ^ | 4/14/19 | RALPH VARTABEDIAN
    Jordan Felo had just finished hiking in the local mountains outside Portland, Ore., several weeks ago and was headed home in his 2010 Toyota Prius when it suddenly lost power and slowed to a crawl. Felo had taken the Prius to a Toyota dealer a few weeks earlier for a 2018 safety recall. New software was installed to fix an overheating problem in the electrical power system. Yet when Felo hit the accelerator pedal, a key electronic component called an inverter overheated and fried itself. “I was lucky nobody was behind me because I would have been rear-ended,” recalled Felo,...
  • Lawyer for Nissan's ex-chair Ghosn clarifies bail conditions

    04/07/2019 4:57:36 AM PDT · by grey_whiskers · 7 replies
    Associated Press ^ | April 6, 2019 | YURI KAGEYAMA
    TOKYO — A lawyer for Nissan former Chairman Carlos Ghosn, who was taken back into custody last week, has outlined the conditions for his initial release on bail in an effort to clarify what he called incorrect speculation in the Japanese media. Ghosn, accused of financial misconduct, was arrested in November, but released in March. He was detained again on fresh allegations Thursday. It is unusual in Japan for a suspect who cleared bail to be arrested again.
  • Tesla vehicle sales dropped 31% last quarter

    04/04/2019 9:36:56 AM PDT · by Lurch Addams · 53 replies
    CNN ^ | 4/03/2019 | CNN
    Tesla on Wednesday reported a massive drop in auto sales for last quarter, though the company said it's confident it will still reach its annual sales goal. About 63,000 vehicles were delivered to customers in the first three months of 2019 — a 31% drop compared to the prior quarter. The total sales figures included about 50,900 Model 3 sedans, Tesla's best-selling vehicle, and 12,100 luxury Model S sedans and Model X SUVs.
  • Ford to build new factory in Michigan for autonomous vehicles; 900 new jobs expected

    03/20/2019 10:07:02 AM PDT · by SeekAndFind · 34 replies
    CNBC ^ | 03/20/2019 | Phil Le Beau
    Ford is building a new plant in Michigan for autonomous vehicles as the company realigns some factories to focus on its future lineup of self-driving and electric cars. The new facility, scheduled to open in the next two years, will take new commercial-grade hybrid models and incorporate the self-driving technology needed to turn them into autonomous vehicles. Ford is still considering where to build the AV finishing center and has not said how many people will work there. “This facility will be about more than just putting the brains into these autonomous vehicles,” said Joe Hinrichs, Ford’s president of global...
  • Trump calls GM's CEO Mary Barra in push to reopen Ohio auto plant

    03/18/2019 10:47:23 AM PDT · by Red Badger · 26 replies
    FOX News ^ | 03-18-2019 | Staff
    WASHINGTON – President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work. Trump's arm-twisting came in a series of separate tweets on Saturday and Sunday . He capped his weekend rant against the GM with a tweetdisclosing that he had vented his frustrations during a conversation with the company's CEO, Mary Barra. "I am not happy that it is closed when everything else in our Country is BOOMING," Trump wrote. "I asked her to sell it or do something quickly. She blamed the UAW...
  • UPDATED: Toyota to hire 450 at H'ville engine plant [Alabama]

    03/17/2019 5:58:12 AM PDT · by 2ndDivisionVet · 3 replies
    The News Courier ^ | March 14, 2019 | Staff
    Toyota Motor Manufacturing will be adding 450 new jobs as part of a $288 million expansion at its Huntsville plant, officials announced Thursday. Officials said the announcement constituted the largest hiring need in the plant's history. The new investment will also include a building expansion, bringing TMM's total investment in Huntsville to $1.2 billion. The facility's annual engine capacity will increase from 670,000 to 900,000 by the end of 2021 to increase product flexibility and better accommodate market demand, according to a press release. Thursday's announcement was part of an overall $750 million investment Toyota is making at unit plants...
  • Toyota to Boost U.S. Investment to Nearly $13 Billion by 2021

    03/14/2019 7:43:34 PM PDT · by ameribbean expat · 5 replies
    The Japanese auto maker said the spending would go toward adding production of two new hybrid vehicles in the U.S. and expanding plants that build engines, axles and other vehicle components. The additional investment is projected to create 600 new jobs. President Trump praised Toyota’s plans in a tweet—“BIG NEWS for U.S. Auto Workers!”—and said the investment was evidence that a trade agreement hammered out last year between the U.S., Canada and Mexico is fixing what he described as a “broken NAFTA deal.”
  • Tesla crashes into river, owner claims it accelerated on its own

    03/10/2019 7:46:14 AM PDT · by DUMBGRUNT · 48 replies
    Electrek ^ | 10 Mar 2019 | Fred Lambert
    “When the reporter rushed to the scene in Qingpu District, the owner Xiao Chen had just been rescued ashore, and the gray Tesla was still lying in the river and was soaked in the water. Xiao Chen is still in shock, he told reporters: I was from the beginning stepping on the brakes, and the car suddenly rushed out of control! It turned out that Xiao Chen and his wife drove the car to school in the morning of the incident. After the delivery, they came to the Tesla Supercharger station to prepare for charging. According to Xiao Chen, he...
  • Tesla launches '1,000 miles per hour' charging station for Model 3

    03/09/2019 10:28:58 AM PST · by ETL · 72 replies ^ | Gary Gastelu | Fox News
    The so-called V3 Supercharger operates at 250 kilowatts -- approximately twice that of the older stations -- and can charge some of its cars at a rate of 75 miles every five minutes, which Tesla is promoting as “1,000 miles per hour,” without explaining the math. (75 x 12 = 900, doesn't it?)(Following the publication of this article, a Tesla representative clarified that the "1,000 mph" speed is a peak rate that is only sustained for a portion of the initial five-minute period on batteries at a low state of charge. Average speeds over longer charging times were not...
  • Mexico's 'hearts and minds' battle to loosen organized crime's grip

    03/08/2019 3:03:12 AM PST · by blueplum · 8 replies
    Reuters ^ | 07 Mar 2019 | LizBeth Diaz
    ,,,,Santa Rosa lies in Guanajuato state, part of the country’s industrial heartland that was long peaceful and is a major magnet for carmakers such as Volkswagen, General Motors and Toyota, but it suffered a doubling of murders last year, making it one of the most violent regions, official data shows. Eduardo Solis, head of Mexico’s automotive industry lobby, said on Wednesday the situation in Guanajuato was threatening business and had the look of a “crisis.” Security has sharply deteriorated in the gangland struggle to control fuel rackets, and at 2,609 last year, murders in Guanajuato were over 10 times higher...
  • Analysis: Why the evidence still puts Ferrari comfortably ahead of Mercedes.

    03/03/2019 1:04:47 PM PST · by carriage_hill · 16 replies
    ESPN F1 Corner ^ | 2/2/2019 | Laurence Edmunson, F1 Editor
    MONTMELO, Spain -- After 64 hours of track time spread over eight days at the Circuit de Catalunya, Ferrari and Mercedes were split by just 0.003 seconds on the final day of preseason testing. That is a remarkably small margin when you consider there has been a significant regulation change and a full winter of development since the two rivals last met on track, but look beyond the headline-grabbing times and the evidence suggests it is last year's runner up Ferrari that has moved ahead. EDITOR'S PICKS Lewis fears Ferrari's advantage over Mercedes is 0.5s a lap With just two...
  • Volkswagen will add 1,000 jobs at Tennessee plant (making electric cars)

    01/15/2019 11:54:34 AM PST · by lowbridge · 36 replies
    CNN ^ | January 14, 2019 | Chris Isidore
    Volkswagen is investing $800 million in its plant in Chattanooga, Tennessee, a move that will add 1,000 jobs to the factory, the company announced Monday. It plans to build electric cars there. Volkswagen's investment in Tennessee comes weeks after General Motors announced plans to close three North American plants and shift its production focus away from sedans, to free up money to develop to electric and self-driving vehicles. The move also comes amid talks between Volkswagen and Ford about pooling resources to make the next generation of vehicles. The new Tennessee jobs and production should begin in 2022, according to the company's statement. "The US...
  • Lincoln bringing back 'suicide doors' on 2019 Continental

    12/17/2018 7:03:42 AM PST · by ETL · 97 replies ^ | Dec 17, 2018 | Gary Gastelu | Fox News
    Lincoln brought back the Continental name two years ago and now it's resurrecting a feature that’s commonly known by a name it would prefer you don’t use. To celebrate the 80th anniversary of the model, Lincoln is offering a limited run of 80 Coach Door Edition Continentals for 2019 equipped with what are colloquially known as “suicide doors.” The rear-hinged rear doors hearken back to the 1961-1969 heyday of the Continental, when it was at the height of fashion. They offer a stylish and arguably easier way to enter and exit the vehicle.