Category: News Type

@Toyota: Toyota Extends Production Suspension at All Plants Until May 1

Due to the ongoing COVID-19 pandemic and decline in vehicle demand, Toyota is further extending the length of its production suspension at all of its automobile and components plants in North America, including Canada, Mexico and the U.S. The manufacturing facilities will remain closed through May 1, resuming production on May 4. Our service parts operations and finished… Continue reading @Toyota: Toyota Extends Production Suspension at All Plants Until May 1

Car maker: unrest at Daimler: Management Board wants to merge financial organizations

Daimler headquarters in Stuttgart Of all things in the corona crisis, the chief financial officer unsettled his team with an organizational reorganization, according to the company. (Photo: AFP) Munich For Daimler– Chief Financial Officer Harald Wilhelm April 1, 2020 is a special date. Finally the former celebrated airbus-Manager at the beginning of the month not… Continue reading Car maker: unrest at Daimler: Management Board wants to merge financial organizations

@Groupe PSA: Groupe PSA: Signature of a Social Solidarity Agreement, Protecting the Health of Employees and the Company

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: “This agreement brings us together and prepares our future. It illustrates the quality of social dialogue in our Group, which helps to protect the health and safety of employees, while preserving the sustainability of our company. It demonstrates our ability to move forward together in all situations, with responsible action, and… Continue reading @Groupe PSA: Groupe PSA: Signature of a Social Solidarity Agreement, Protecting the Health of Employees and the Company

@Groupe PSA: Signature of a social solidarity agreement, protecting the health of employees and the company

​ An agreement signed by 4 out of 5 representative French trade union organizations, representing more than 80% of employees Implementation of the protocol for reinforced health measures, built and validated with medical teams, involving union partners, and monitored by auditors Creation of a solidarity fund to guarantee 100% salary compensation to all employees Possible… Continue reading @Groupe PSA: Signature of a social solidarity agreement, protecting the health of employees and the company

Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers

FILE PHOTO: A view shows the Toyota Motor Manufacturing plant in Tijuana, Mexico May 31, 2019. Picture taken May 31, 2019. REUTERS/Jorge Duenes WASHINGTON (Reuters) – Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks. The Japanese automaker cited… Continue reading Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers

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..

Renault board to consider dropping dividend – sources

PARIS, April 8 (Reuters) – French car maker Renault’s board will meet on Thursday to decide on possibly dropping the dividend payment this year in light of the coronavirus crisis, three sources familiar with the situation have told Reuters. A Renault spokesperson was not immediately available for comment. While several automotive companies such as Michelin… Continue reading Renault board to consider dropping dividend – sources

In an email to employees, Tesla says it will cut salaries and furlough nonessential employees

Tesla plans to temporarily reduce employees’ salaries and furlough nonessential workers. The company made the announcement in an email sent to employees by the company’s head of North American human resources on Tuesday, CNBC reported. According to the email, Tesla plans to begin implementing certain cost-cutting measures starting April 13 and plans to resume normal… Continue reading In an email to employees, Tesla says it will cut salaries and furlough nonessential employees

Daimler says expects Mercedes to post positive first quarter margin

FILE PHOTO: The Mercedes-Benz logo is seen on a car in front of the Mercedes-Benz Museum in Stuttgart, Germany February 11, 2020. REUTERS/Andreas Gebert FRANKFURT (Reuters) – Daimler (DAIGn.DE) expects to post a positive margin on Mercedes-Benz passenger cars and vans in the first quarter, thanks to rebounding sales in China and solid demand in… Continue reading Daimler says expects Mercedes to post positive first quarter margin