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.
Author: World_Newz Mon
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..
Aston Martin Sales to Extend Slide Ahead of SUV Launch
Aston Martin Lagonda Global Holdings Plc predicted a decline in first-half revenue as it waits on the new DBX SUV and said the coronavirus outbreak could impact demand in China, its fastest growing market.
Aston Martin clears out board as losses widen
Aston Martin plunged to a £104m annual loss during an “extremely challenging period”, as the luxury carmarker announced a clear out of its board.The company posted a £104.3m pre-tax loss for its full year, down 53pc on 2018.Mr Stroll will join the board as executive chairman when Ms Hughes departs on April 7, the embattled carmaker confirmed.
Subaru to invest 158 mln USD in Indiana plant
CHICAGO, Feb. 26 (Xinhua) — Japanese automaker Subaru announced Wednesday that it will invest 158 million U.S. dollars into two new plants that will create 350 jobs.
According to Subaru of Indiana Automotive, Subaru's North American production arm, the investment by the company will go toward adding a new service parts facility and transmission assembly shop in Lafayette, U.S. state of Indiana.
The new facilities will be located on Subaru of Indiana Automotive's 820-acre campus. Construction is expected to begin this summer on both the service parts facility, which will be a stand-alone building, and the transmission assembly shop, which will be an addition to the plant.
Subaru of Indiana Automotive is the only manufacturing facility that Subaru has outside of Asia. The company employs more than 6,000 workers and began production for Subaru in 1989. Annual vehicle production at the plant is expected to reach 410,000 in 2020.
Approximately 50 percent of Subaru's sold in ..
Ford’s incoming COO focuses on cost cuts, launches, change
Ford Motor Co’s (F.N) incoming chief operating officer outlined his priorities for the company’s turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in a year in which it will introduce a redesigned F-150 full-sized pickup truck.Ford also will focus more heavily on advantages in commercial vehicle sales.Ford is restructuring globally and faces slumping demand in China, its second-largest market.
Ford COO Sees 2009 Crisis Flashback on Faces of Colleagues
Ford Motor Co.’s recently appointed chief operating officer sees the struggling automaker operating with the same sense of urgency and crisis that kept the company out of bankruptcy a decade ago.