Renault Samsung Motors Corp. said Monday its sales plunged 40 percent last month from a year earlier due to a shortage of parts caused by the outbreak of the new coronavirus.The company stopped the operation of its sole plant in Busan, 453 kilometers south of Seoul, for four working days in February.French carmaker Renault S.A. has an 80-percent stake in Renault Samsung.
Author: World_Newz Mon
Toyota plans $1.2 bil. EV plant in China
BEIJING/TOKYO (Reuters) — Toyota Motor Corp. plans to build a new electric vehicle plant in Tianjin, China, with its local partner FAW Group, a document from the local authorities showed.The joint venture between Toyota and FAW plans to invest around 8.5 billion yuan ($1.22 billion) in the plan…
GM will add more than 1,200 jobs to Michigan assembly plants
A day after pushing off its final Chevrolet Impala, General Motors announced Friday it will add more than 1,200 jobs to it’s Lansing manufacturing operations to meet demands for its mid-size SUVs and the launch of two Cadillac sedans.The remaining 800 will aid the Lansing Delta Township Assembly in building the Chevrolet Traverse and Buick Enclave.The Lansing Grand River Assembly and Lansing Delta Township Assembly will add a second and third shift, respectively, to accommodate the growth in demand.
Deutsche Post Scraps Its Electric Delivery Van Built With Ford
Deutsche Post AG will stop producing its electric delivery vehicle called StreetScooter, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen AG and Daimler AG.
Polish electric car producer presents partner to design its first models
ElectroMobility Poland, a company founded by four Polish energy companies (Enea, Energa, PGE and Tauron) with the aim of starting production of 100,000 electric cars by 2022 or 2023, has revealed the company which will design the cars according to news portal polandin.com.It is almost certain that manufacturing will be based in one of the regions where Poland’s automotive industry is concentrated, Silesia or Wielkopolska.Almost 10,000 electric cars are currently driven on Polish roads.
BMW Brilliance rolls 3 millionth car off production line
BBA resumed production of its Tiexi and Dadong plants in Shenyang on Feb 17, with nearly 20,000 employees, including those from its suppliers who worked in the plants, returning to work as scheduled.China has become the world’s largest sales market for BMW.The German automaker has invested over 52 billion yuan ($7.4 billion) and built two vehicle plants and one powertrain plant in Shenyang.
Volkswagen Reaches Deal With Consumer Group Over Diesel Scandal: Court
Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker’s rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday.The parties will announce details at 1300 local time (1200 GMT).VW admitted using illegal software to cheat U.S. diesel engine tests in 2015, a scandal which has cost it more than $30 billion in vehicle refits, fines and provisions.
Axing of Geneva car show forces manufacturers to rethink car launches
FRANKFURT, Feb 28 (Reuters) – Carmakers were scrambling to reorganise press conferences and vehicle presentations after Swiss authorities forced the cancellation of the Geneva car show on Friday in an effort to contain the coronavirus.
More than 160 exhibitors were scheduled to show off their cars and services at the 90th Geneva Motor Show, which was due to start on Monday and last until March 15.
BMW and Mercedes-Benz said they would use live-streaming to present the BMW Concept i4 and a revamped Mercedes E-Class respectively.
Ferrari does not plan to arrange alternative events, and Fiat Chrysler said it had no plan B, but that it was considering ways to show off a new electric Fiat 500.
French brand DS, part of PSA Group said it was seeking a venue near Paris to showcase a new concept car and was rescheduling interviews with executives by telephone.
Audi, a premium brand belonging to Volkswagen, said it would seek to use digital channels to launch its Audi A3 sportback and Audi e-Tro..
Fiat Cuts 1,500 Jobs at Canada Minivan Plant as Demand Weakens
Fiat Chrysler Automobiles NV is cutting production at its Canadian minivan plant, eliminating about 1,500 jobs as it grapples with flattening demand for new vehicles.
Hyundai shuts down factory after worker tests positive for coronavirus
SEOUL, Feb 28 (Reuters) – A Hyundai Motor worker has tested positive for the new coronavirus, leading to a suspension of production at one its factories in South Korea's southeastern city of Ulsan, the company said on Friday.
Shares of the automaker dropped more than 5% after the news, while the wider market was down 2.6%. The closing deals a fresh setback to Hyundai Motor, which has gradually resumed production at local plants hit by a Chinese parts shortage in the wake of the virus outbreak.
South Korea has the most infected people outside China, affecting companies like Samsung and Hyundai. South Korea on Friday reported 256 new cases, bringing the total number of infected to 2,022.
A union spokesman confirmed that a worker had tested positive, but he did not have more details.
“The company has also placed colleagues who came in close contact with the infected employee in self-quarantine and taken steps to have them tested for possible infection,” Hyundai Motor said in a news r..