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.
Author: World_Newz Mon
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.
Hyundai’s Czech plant set to restart after coronavirus halt
The car industry is central to the Czech economy and its closure since mid-March has had knock-on effects for the many companies that supply it.
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.
VW Considers Options for Record $3.6 Billion Dividend
Volkswagen AG is considering whether to pay out a record 3.3 billion-euro ($3.6 billion) dividend as planned, or use at least part of it to shore up its finances for what is shaping up to be the biggest economic crisis since World War II.
Haval, Avtotor to resume cars production
MOSCOW, April 8. /TASS/. The China's Haval plant in Tula has resumed production of cars today, the company's press service told TASS on Wednesday.
“Haval resumes operation of its plant in Tula from today. We provide unprecedented safety measures for our employees, clients and partners in view of the coronavirus pandemic,” the press service said.
The Kaliningrad-based Avtotor will resume production of cars from April 13, the corporate press service said.
“We inform that production at Avtotor enterprises will restart from April 13,” the company said. Avtotor is producing BMW, KIA, and Hyundai branded cars.
SsangYong says parent company Mahindra won’t exit from S. Korea
The head of India’s Mahindra and Mahindra Ltd. has ruled out plans to pull out of South Korea’s troubled SsangYong Motor Co., the carmaker said Wednesday.Pawan Goenka, managing director and CEO of the Indian conglomerate, gave the assurance during a video conference with Yea Byung-tae, president and CEO of SsangYong Motor, and SsangYong’s union leader on Monday.SsangYong has struggled with worsening performance since 2017, when it shifted to a net loss of 66 billion won from a net profit of 58 billion won the previous year.
Honda back to work in China’s Wuhan with temperature checks and masks
WUHAN, China, April 8 (Reuters) – Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co's reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor.
The plant, a Honda joint venture with Dongfeng Motor Group was shut in late January when authorities ordered a lockdown in Wuhan in a bid to snuff out the coronavirus, which emerged there late last year.
It reopened on March 11 to resume operations in stages and is now back to pre-virus production levels, Li Shiquan, assistant director of the joint venture's No. 2 final assembly plant, told reporters on Wednesday.
Returning workers were asked to report where they had been since the epidemic started and temperature checkpoints were set up, Li said.
About 98% of its 12,000 workers were now back and were putting in over-time to make up for lost production, he said.
The joint venture produced 800,000 cars last y..