Aston Martin extends manufacturing suspensions by a week over coronavirus

LONDON, April 15 (Reuters) – Aston Martin is extending by a week the manufacturing suspensions in place at its two car factories, ahead of the arrival of its crucial first sport utility vehicle, whilst lockdown measures to combat coronavirus continue.
The luxury automaker, which secured fresh investment earlier this year after struggling since a stock market flotation in late 2018, is banking on the DBX model to drive sales in a new segment, appealing more to female buyers.
On March 30, the company said the vehicle was on time for first deliveries to dealers in the summer “dependent on production and supply chains returning as currently anticipated” with its sites then due to open on April 20.
“Considering the current global and local position on suppliers and employees, the business is now extending this temporary suspension until Monday 27 April, subject to ongoing review of the changing circumstances,” it said in a statement on Wednesday.
“The business will look to resume operations..

Hyundai Motor resumes production in Russia amid virus woes

Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Tuesday it has restarted vehicle production at its plant in Russia that was temporarily shut down due to the new coronavirus outbreak.The plant in St. Petersburg.Kia has eight domestic plants and seven overseas ones — three in China and one each in the U.S., Slovakia, Mexico and India.

Hyundai Motor plant in St. Petersburg to resume work

ST. PETERSBURG, April 13. /TASS/. The St. Petersburg-based Hyundai Motor Manufacturing Rus plant will resume production of automobiles from April 13 to 17, the company's press service said on Monday.
The plant suspended its operations from April 6.
“The Russian plant of Hyundai Motor resumes production of automobiles from April 13 to 17, working with a single reduced production shift. The majority of office employees will work remotely. Hence, the minimum required staff will be present at the plant,” the company said.
The Hyundai plant near St. Petersburg opened in 2010 is the second largest automaker in Russia. It produces Hyundai Solaris, Hyundai Creta and Kia Rio models.

Nissan reportedly wants a $4.6 billion lifeline to ‘engineer a desperately needed turnaround’ amid the coronavirus pandemic

With the ongoing COVID-19 pandemic, car sales have plummeted and factories have been idled – leaving many automakers scrambling for cash.Nissan isn’t the only automaker struggling right now, however.Toyota, Fiat Chrysler, and others have also requested new credit lines while people continue to stay home and car sales plummet as a result.A supposed restructuring plan, scheduled to roll out next month and through March 2023, could slash 1 million cars from annual sales targets.

Renault Samsung, union tentatively OK wage deal for 2019

Renault Samsung Motors Corp. said Friday it has reached a tentative agreement with its union over wages for last year as the automobile industry tries to cope with the coronavirus outbreak, the company said Friday.Union workers held a two-week partial strike in January, causing production losses of about 10,400 vehicles worth about 200 billion won.To offset the reduction in the Rogue production, Renault Samsung badly needs to secure export volume for the XM3 compact SUV, but the company is still in talks with its parent company Renault, and no decision has been made yet.

Nissan Seeks $4.6 Billion Credit Line After Coronavirus Hit: Sources

Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, two people with knowledge of the matter told Reuters on Thursday.Like other automakers, Nissan has been hard hit as the pandemic decimates demand and disrupts production, but the Japanese automaker is more vulnerable than others.