France’s Renault puts Paris white collar staff on partial unemployment

PARIS, March 30 (Reuters) – French carmaker Renault put most of its white collar staff in the Ile-de-France region around Paris on partial unemployment on Monday as the lockdown imposed due to the coronavirus outbreak lowered activity.
The company will use the scheme that French government has set up to fight the economic crisis caused by the pandemic.
Under the scheme, Paris has pledged to reimburse companies so that workers placed on partial unemployment can still get most of their salary.
“After a two-week stoppage of industrial and commercial activity, it is necessary to adapt the working hours of employees”, a Renault spokeswoman told Reuters.
From Monday and until further notice, Renault white collar staff will work from home in the morning and will be on partial unemployment in the afternoon.
Only a few people will keep their full-time jobs to ensure key activities such as security, maintenance and communication.
The partial unemployment measure in the region of Paris will affec..

Tata Motors to spin off cars unit to seek strategic allies

Tata Motors Ltd., the Indian owner of Jaguar Land Rover, plans to separate its cars business from trucks and buses, as the company seeks partners for a unit slammed by the coronavirus outbreak and a global shift to electric vehicles.Tata Motors’ shares fell 0.1% in Mumbai after surging as much as 7.2% earlier in the day.Tata Motors also appointed Shailesh Chandra, head of its electric vehicles business, as the head of the cars unit.

Ford Sollers to suspend car production in Tatarstan from March 28 to April 5

KAZAN, March 27. /TASS/. Car production at the Ford Sollers plant in Yelabuga, Russia's republic of Tatarstan, will be suspended next week in accordance with the Russian President's decree establishing March 30-April 3, 2020 paid days off across the country, the company's PR-coordinator in Tatarstan Indira Salimgaraeva told TASS.
“In compliance with the decree by Russian President Vladimir Putin issued on March 25 following the aggravation of the situation caused by the spread of the coronavirus COVID-19 in Russia, a special mode of activity will be introduced at the Ford Sollers plant in Yelabuga from March 28 to April 5. During this period, the production and shipment of Ford Transit cars, the reception of automotive components and other production activities not related to the life support and maintenance of the accident-free condition of the plant will be suspended, a non-working week has been announced for employees,” she said.
She added that the next week will be a..

LG Chem signs 480 mln-euro loan deal with European Investment Bank

LG Chem Wroclaw Energy, the Polish subsidiary of South Korea’s top chemical firm LG Chem Ltd., has signed a 480 million-euro (US$530 million) loan agreement with the European Investment Bank (EIB).The television assembly factory is located next to LG Chem’s EV battery plant in Wroclaw.LG Chem supplies EV batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.

Hyundai to suspend car production of cars at St. Petersburg plant during week off

MOSCOW, March 26. / TASS /. Hyundai will suspend car production at its plant in St. Petersburg between March 30 to April 3 in connection with a presidential decree on the announcement of a non-working week in the country, the company said in a statement on Thursday.
“Hyundai Motor Company announces that, according to the decree of the Russian President, in connection with the difficult epidemiological situation associated with the spread of coronavirus, Hyundai Motor Manufacturing Rus plant will suspend production for the period of March 30 to April 3,” the company said.
Earlier, the Nissan plant in St. Petersburg announced a suspension of production for a week for the same reason.
Earlier this week automakers began to suspend production at their Russian factories due to problems with the supply of parts. Volkswagen and PSA have already announced a downtime, while Sollers also announced the risk of suspension of production of cars at UAZ and Ford Sollers. A significant part of the tota..

Kia Sonet launch in August, will rival Maruti Suzuki Vitara Brezza, Hyundai Venue

Kia Sonet was one of the major attractions at this year’s Auto Expo.The upcoming Sonet might share its engines with Hyundai Venue.The transmission options include 6-speed MT and 7-speed DCT with 1.0-litre Kappa Turbo GDI petrol motor, 5-speed MT with 1.2-litre Kappa petrol motor and 6-speed MT with 1.5-litre U2 CRDi BS6 diesel engine.

Nissan plans to suspend car production in St. Petersburg next week

MOSCOW, March 26. /TASS/. Nissan plans to suspend production of cars at a plant in St. Petersburg as part of the announced paid week off, an official representative of the company told TASS.
Earlier, Russian President Vladimir Putin signed a decree declaring a paid week off in the country from March 30 to April 3.
“We will most likely stop the plant next week, now the procedures necessary for this are underway,” he said.
Previously, the plant also announced transition to work in one shift for several months due to the difficult situation in the car market.
According to the Association of European Businesses (AEB), sales of Nissan cars in Russia in 2019 fell by 20% to 65,000 vehicles. In February 2020, the company sold 5,700 vehicles, which is 7% lower than last year's results.
On March 25, Russian President Vladimir Putin has declared that Russians will have a paid week off due to the coronavirus pandemic, the extended public holiday will last from March 28 to April 5. “Now it is ..

Ford aiming to restart truck production on April 14 after coronavirus-related closures

Get all the latest news on coronavirus and more delivered daily to your inbox.The automaker will first resume production at the Hermosillo, Mexico, facility, where it builds the Ford Fusion and Lincoln MKZ sedans on April 6.The F-Series is the best-selling vehicle lineup in the U.S. and Ford’s combined truck sales accounted for half of its output in 2019.