Detroit — General Motors Co. has indefinitely delayed the addition of a third shift at its Spring Hill, Tenn., plant, the automaker told employees this week. GM said the delay was “due to near-term supply constraints and the need to further evaluate market conditions as a result of the COVID-19 pandemic. At this time, we do not… Continue reading GM indefinitely postpones addition of third shift at Spring Hill plant
Author: Detroit News Online
3-D printing helped GM make products for ‘arsenal of health’
Detroit — General Motors Co.’s 3-D printing capabilities have come in handy in the last few months as the Detroit automaker jumped to make products in the fight against the novel coronavirus. During the outbreak, the same technology used in helping to make GM vehicles come to life played a critical role in helping to transition teams to build… Continue reading 3-D printing helped GM make products for ‘arsenal of health’
Demand spurs most Fiat Chrysler plants to skip summer shutdown
Most of Fiat Chrysler Automobiles NV’s plants in North America will not shut down for a week or two this summer after idling for two months earlier this year because of the novel coronavirus outbreak. The plants, which include Jefferson North Assembly in Detroit and Sterling Heights Assembly, will continue to run “in order to… Continue reading Demand spurs most Fiat Chrysler plants to skip summer shutdown
Ex-Audi manager sought by US in diesel case held in Croatia
Associated Press Published 12:53 p.m. ET June 17, 2020 Zagreb, Croatia – A former Audi engineering manager sought by the United States in a diesel emissions cheating scandal has been arrested in Croatia, the country’s Interior Ministry said Wednesday. Axel Eiser was arrested on an international warrant issued by the U.S. when he crossed into… Continue reading Ex-Audi manager sought by US in diesel case held in Croatia
EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition
A four-month antitrust investigation launched by the executive brand of the European Union on Wednesday into the pending merger between Fiat Chrysler Automobiles NV and French rival Groupe PSA should not affect the companies’ goal to close their transaction by the end of March 2021, the automakers said. The probe is a setback for the… Continue reading EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition
Emails: Ghosn takedown motivated by effort to stop Nissan, Renault integration
Carlos Ghosn always said he was set up. Now there’s some evidence to support his claim. According to people familiar with what happened and previously unreported internal correspondence, the campaign by top Nissan Motor Co. executives to dethrone one of the most celebrated leaders in the automotive industry started almost a year before Ghosn’s arrest… Continue reading Emails: Ghosn takedown motivated by effort to stop Nissan, Renault integration
Auto industry recovery from COVID-19 could take years, signaling slow climb back
Global vehicle sales could fall year-over-year by more than 20% in 2020, according to a new study, and not return to pre-COVID-19 levels until 2023 — another gloomy sign that contributed to the Dow Jones Industrial Average plunging nearly 1,900 points Thursday to its lowest since March. The Dow fell 6.9%, the S&P 500 dropped 5.9% and the tech-heavy Nasdaq… Continue reading Auto industry recovery from COVID-19 could take years, signaling slow climb back
GM’s electric push risks market-share loss for top moneymakers
David Welch, Bloomberg Published 1:04 p.m. ET June 11, 2020 | Updated 1:06 p.m. ET June 11, 2020 General Motors Co.’s ambitious push into electric vehicles could pose a near-term risk as the automaker spends less to replace its more profitable gas-powered vehicles, according to an annual study published by Bank of America Global Research.… Continue reading GM’s electric push risks market-share loss for top moneymakers
Flop of BlueIndy car-share reflects broader ride-hailing challenges
The electric-car sharing future has got the blues. BlueIndy, a pioneering car-sharing service in Indianapolis that launched in 2014, quietly closed last month. Beset by losses, the decision to pull the plug on BlueIndy’s electric cars came before the global coronavirus pandemic – and as other similar services have also shut their doors. BlueIndy, an electric-car sharing… Continue reading Flop of BlueIndy car-share reflects broader ride-hailing challenges
Bentley to cut 1K U.K. jobs in recovery plan after virus
Christoph Rauwald, Bloomberg Published 9:06 p.m. ET June 5, 2020 Bentley Motors Ltd. plans to slash as many as 1,000 jobs in the U.K., about a quarter of its workforce, to cut costs and contain the fallout of the coronavirus crisis after years of weak profitability. The move adds to 2,000 other British auto-industry job… Continue reading Bentley to cut 1K U.K. jobs in recovery plan after virus