Dr. Ariane Reinhart, Executive Board member for HR: “We want to honor the outstanding commitment of all employees worldwide in the past year” €436 or €218 to be paid to each employee, depending on country The Executive Board and the social partners sign collective agreements for the “Continental in Motion – an Alliance for the… Continue reading Financial Recognition for All Employees Worldwide
Category: Official Press Release
Honda, Audi plants in Mexico suspend operations amid pandemic
MEXICO CITY, March 18 (Xinhua) — Japanese Honda and German Audi automobiles said Wednesday they were temporarily suspending production in their plants in Mexico due to a lack of inputs and a weak demand for vehicles amid the COVID-19 pandemic.
Honda said it will idle its plant in central Guanajuato state from March 23 to 31, as part of a larger company strategy that has also affected plants in Canada and the United States.
The measure will cut North American regional output by some 40,000 vehicles, the company said in a statement.
“Approximately 27,600 Honda partners in North America” will be affected by this temporary suspension, it said.
Audi, which opened a plant in Mexico in 2016, said it will halt production from March 23 to April 13 because of a lack of inputs, a problem that has also impacted its plants in Germany, Belgium and Hungary.
The company said its plant in Mexico's central Puebla state lacks parts and materials for the Audi Q5, and has also experienced delays in t..
Smart Eye Crowned by Success, Announces 24 new Design Wins With Four Different OEMs in one Fell Swoop
STOCKHOLM, March 19, 2020 /PRNewswire/ — Of the four OEMs, two are new customers; one is an American high-volume car maker and one is a European premium manufacturer, and two are existing European premium customers. The estimated combined life-time value of the four contracts is at least 500 MSEK. “I am exceptionally proud of Smart… Continue reading Smart Eye Crowned by Success, Announces 24 new Design Wins With Four Different OEMs in one Fell Swoop
Changan automobile UNI-T stunningly debut with astonishing design and high-intelligent technology
CHONGQING, China, March 19, 2020 /PRNewswire/ — Recently, China-based automaker Changan Automobile’s new model UNI-T made its formal worldwide debut, leveraging several futuristic technologies in tandem with a unique, avant-garde look. The model aroused heated debates with its AI-chip intelligent vehicle system, L3 autonomous driving system, which further demonstrates the carmaker’s adoption of futuristic technologies and… Continue reading Changan automobile UNI-T stunningly debut with astonishing design and high-intelligent technology
@FCA: FCA-EIB EUR 300 million loan for R&D projects
FCA-EIB EUR 300 million loan for R&D projects Go to Source
Kenneth R. Trammell returns to Tenneco as Interim Chief Financial Officer
LAKE FOREST, Ill., March 18, 2020 /PRNewswire/ — Tenneco Inc. (NYSE: TEN) today announced that Kenneth R. Trammell has been appointed to the role of interim Chief Financial Officer, effective April 1, 2020. Mr. Trammell’s appointment follows Jason Hollar’s decision to leave the role of Executive Vice President and Chief Financial Officer in order to… Continue reading Kenneth R. Trammell returns to Tenneco as Interim Chief Financial Officer
@Hyundai: All-New 2021 Hyundai Elantra and Elantra Hybrid Make World Premiere in Hollywood
HOLLYWOOD, Calif., Mar. 17, 2020 – Hyundai officially launched its all-new 2021 Elantra and Elantra Hybrid at The Lot Studios in West Hollywood with a special event today broadcast around the world. This marks the world debut of the latest version of the popular compact sedan. The 2021 Elantra showcases Hyundai’s latest ambitions, including a Sensuous… Continue reading @Hyundai: All-New 2021 Hyundai Elantra and Elantra Hybrid Make World Premiere in Hollywood
Federal Court Orders Texas Home Health Care Services Company to Pay Employment Taxes
On March 18, a federal court ordered El Mundo Feliz, a Partnership (El Mundo), and Daniel Martinez Jr. to begin paying employment taxes to the United States on a timely basis, the Justice Department announced today. The judgment and permanent injunction by consent, entered by Judge Fernando Rodriguez Jr. of the U.S. District Court for… Continue reading Federal Court Orders Texas Home Health Care Services Company to Pay Employment Taxes
Coronavirus closure: Fiat Chrysler idles Ram 1500 pickup plant in Michigan
Fiat Chrysler is idling the Sterling Heights, Mich., factory where it builds the Ram 1500 indefinitely, after revealing that an employee at the facility tested positive for the coronavirus (COVID-19).On Monday, Fiat Chrysler, Ford, GM and the UAW came to an agreement on implementing new precautionary measures to continue U.S. auto manufacturing in the coming weeks.The Sterling Heights facility produces the latest generation Ram 1500, while the last generation 1500 Classic is built at factories in Warren, Mich., and Mexico that remain open.
Coronavirus Closure: Ford Ranger factory shut after employee tests positive
Ford is temporarily closing its Michigan Assembly Plant in Wayne, Mich., after an employee tested positive for the coronavirus (COVID-19), Fox 2 Reported.The moves come after the three Detroit automakers and the UAW worked out an agreement to prevent a total manufacturing shutdown in exchange for the implementation of new protocols to help prevent the spread of the virus.The automaker has also reported a case of the coronavirus at its Dearborn product development center and will be idling its European factories indefinitely beginning March 19.