Category: Official Press Release

Great Wall to recall 62,655 vehicles

BEIJING, Oct. 5 (Xinhua) — China's SUV and pickup manufacturer Great Wall Motor Co. Ltd. will recall 62,655 vehicles due to defective exterior rear-view mirrors, according to the country's top market regulator.
The recall, set to begin on Dec. 15, will involve HAVAL H2s models made between Nov. 4, 2016 and Oct. 11, 2017, said an online statement from the State Administration for Market Regulation.
Due to a defective coating, exterior rear-view mirrors of the affected vehicles may detach from the mirror housings in extreme cases, posing safety risks.
The company promised to replace the defective rear-view mirrors free of charge.

BMW to cut work hours, pay of highly-qualified employees

BERLIN, Oct. 4 (Xinhua) — German carmaker BMW is planning to reduce the salaries of its highly qualified employees by 10,000-14,000 euros each year, the German business magazine WirtschaftsWoche reported on Friday.
BMW is also seeking to reduce the working time of its skilled workforce from 40 to 35 hours a week, a measure that would save around 100 million euros, WirtschaftsWoche said.
In the past, the German carmaker let employees with sought-after qualifications work 40 hours instead of 35 hours a week to avoid having to train new people and to be able to deploy proven specialists for longer time.
“I will ensure that highly qualified workers can continue to work 40 hours,” Manfred Schoch, head of the workers' council, told WirtschaftsWoche.
The reduction of working time would affect around one-third of the company's 17,000 employees.
According to WirtschaftsWoche, BMW was negotiating with the workers' council on a package of several measures to save 12 billion euros ..

Announcing ‘D-Ford’: Creating Tomorrow, Starting with People

Sandy Fershee, Lab Director, D-Ford Detroit At Ford, we drive human progress through the freedom of movement. But now we face increasingly new challenges to this freedom. Connectivity, automation, electrification, AI, the sharing economy — these profound waves of change are all converging upon us right now, and not just in transportation. For 116 years,… Continue reading Announcing ‘D-Ford’: Creating Tomorrow, Starting with People

A brief guide

Semiconductors – one way, then another Semiconductors are chemical substances that have the properties both of electrical conductors and of non-conductors – hence semiconductors. As microchips, they are built into practically every kind of electrical system. They are a key technology of the connected world. Silicon/silicon carbide – the raw material of the connected world… Continue reading A brief guide

AMS takeover of Osram fails

… technology . “We intend to leverage our position as OSRAM’s largest shareholder in a dialogue with OSRAM as we continue to pursue the full acquisition of the company, securing a solid future for OSRAM” AMS…

Ferrari Opens Tailor Made Center in New York City

Englewood Cliffs New Jersey, 3 October 2019 – Ferrari opens its first Tailor Made Center in the United States today in New York City.  The only space of its kind in the Americas, this new Center continues the long-standing tradition of car customization and personalization that began at the factory in Maranello in the 1950s… Continue reading Ferrari Opens Tailor Made Center in New York City

-Fighting GM puts a financial squeeze on striking union workers

BOWLING GREEN, Ky. – Oct 3 (Reuters) – While striking workers at General Motors Co's U.S. auto plants continue walking picket lines for a third week to demand better pay and benefits, the financial pressure has mounted for union members like Frank Lee.
Analysts estimate that GM could lose $1 billion from the labor dispute that began on Sept. 16 and is now the longest nationwide strike at the automaker since 1970. For GM, which had $24 billion in cash and marketable securities as of June 30, that cost is likely manageable.
But it's a different story for some strikers.
Frank Lee, a United Auto Workers union member at GM's Corvette assembly plant in Bowling Green, Kentucky, is fending off bill collectors.
“Until yesterday, I was negative in my bank account,” said Lee. “I called the bank to try and stop an insurance payment from coming out. I failed to do that; it was too late”.
Adding to the difficulty of his situation, union regulations prohibit Lee from seeking outside em..