Ford Motor Co.’s launches of three important new models — the redesigned F-150 pickup, all-new electric Mustang Mach-E and revived Bronco sport-utility vehicle — will be set back by roughly the amount of time its plants have been idle.
Author: World_Newz Mon
Mercedes Halting U.S. Plant Production Due to Mexico Parts Delay
Daimler AG is suspending production at a Mercedes-Benz SUV plant that was one of the first in the U.S. to reopen due to a shortage of parts supplied from Mexico.
SsangYong Motor posts record Q1 loss amid virus woes
SsangYong Motor Co. reported on Friday that its net loss sharply widened in the first quarter compared to a year earlier, marking the 13th consecutive quarter in the red, amid growing worries over the coronavirus outbreak.Sales fell 30 percent to 649.19 billion won from 933.21 billion won during the same period.In 2011, Mahindra & Mahindra acquired a 70 percent stake in SsangYong Motor for 523 billion won.
GM’s Cruise Unit Laying Off Almost 8% of Full-Time Employees
Cruise, the self-driving car unit majority owned by General Motors Co., is laying off almost 8% of full-time employees to cut costs in the midst of the coronavirus pandemic.
Honda Plans Restart of Auto Production in U.K. Early Next Month
Honda Motor Co. said it plans to resume production in the U.K. early next month, the latest automaker to restart operations shuttered amid the global coronavirus pandemic.
Nissan is killing Datsun again, report says
Nissan is planning to discontinue its Datsun brand for the second time, a new report says.The automaker relaunched the nameplate in 2012 as a discount brand that’s today sold in only a few markets including South Africa, Indonesia and India, where it sells some models for as little as $4,000.An official announcement on Datsun’s fate is expected to be announced during Nissan’s earnings call on May 28.
Aston Martin Tumbles After Saying It May Seek More Funding
Aston Martin Lagonda Global Holdings Plc said it may raise more funds and will take further steps to cut costs and control cash as the coronavirus pandemic weighs on business.
Nissan Said to Plan $2.8 Billion in Cost Cuts, Book Charges
Nissan Motor Co. is planning to cut about 300 billion yen ($2.8 billion) in annual fixed costs and book restructuring charges as the coronavirus pandemic further depresses the carmaker’s sales, a person with knowledge of the measures said.
Renault resumes operations, opens over 194 showrooms and workshops
Renault has restarted operations in India with resumption of production in a phased manner at its alliance manufacturing facility in Chennai.The customers can book a Renault vehicle through the Renault India website or the MyRenault App with zero booking amount and avail loan facility from Renault Finance.Renault dealerships are sanitizing their facilities and test drive cars.
Hyundai car plant in St. Petersburg to work in two shifts by May 15, says company
ST. PETERBURG, May 12. /TASS/. The auto production plant of Hyundai car concern in St. Petersburg has resumed operations after May holidays, with the plan to work in two production shifts by May 15, press service of the company said in a statement on Tuesday.
“The Russian plant of Hyundai Motor plans to work in two production shifts in the period from May 12 to 15. The plant will produce over 700 cars each day for the Russian market and for export,” the statement said.
The enterprise suspended production due to Russian President Vladimir Putin's decree on days off starting March 30. Hyundai has tightened coronavirus precautionary measures and resumed auto production with the permission of the local authorities starting April 13. Operations at the plant were suspended during May holidays and on May 6-8.
Hyundai car concern launched its St. Petersburg plant in 2010. It is the second-biggest car production plant in Russia that makes Hyundai Solaris, Hyundai Creta and Kia Rio models. ..