Chester Dawson, Bloomberg Published 4:12 p.m. ET April 15, 2020 Honda Motor Co. plans to furlough several thousand salaried employees and support staff in the U.S. for two weeks, expanding cost-cutting measures that initially affected only production workers. While many carmakers have cut executive salaries and temporarily laid off their factory workforce amid the coronavirus… Continue reading Honda extends US furloughs to thousands of salaried employees
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Hyundai restarts car plants in Russia and Czech Republic
SEOUL — Hyundai Motor has begun resuming operations at Eurasian plants shut down for weeks as a precaution against the spread of the novel coronavirus. The South Korean automaker restarted its Russian assembly plant in St. Petersburg on Monday, followed by Tuesday’s reboot of the factory in the Czech Republic. Hyundai intends to recommence activity at its Turkish… Continue reading Hyundai restarts car plants in Russia and Czech Republic
Auto parts maker Marelli, unions agree measures to enable return to work
MILAN (Reuters) – Auto parts maker Marelli and unions agreed on Wednesday on a package of health and security measures to allow the company to gradually resume its Italian operations when Rome eases lockdown restrictions, they said in separate statements. The Italian government last week extended until May 3 nationwide limits on movements and manufacturing… Continue reading Auto parts maker Marelli, unions agree measures to enable return to work
Honda extends Mexican plant shutdown, furloughs more U.S. workers
FILE PHOTO: A production line is seen after the opening of Honda’s new automobile plant in a suburb of Celaya, Guanajuato February 21, 2014. REUTERS/Henry Romero WASHINGTON (Reuters) – Japanese automaker Honda Motor Co (7267.T) said Wednesday it will extend a shutdown of its Mexican plants through April 30 and plans to furlough most U.S.… Continue reading Honda extends Mexican plant shutdown, furloughs more U.S. workers
Elon Musk: Tesla Cybertruck will have to be wrapped for different colors and patterns
Tesla Cybertruck is going to have to be wrapped in order to get different colors and patterns, according to a new comment from CEO Elon Musk. When Tesla unveiled the Cybertruck last year, one of the most surprising features, aside from the design, was the fact that the frame of the vehicle is actually the… Continue reading Elon Musk: Tesla Cybertruck will have to be wrapped for different colors and patterns
Tesla’s China car registrations surge in March as Shanghai factory back up
FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc’s (TSLA.O) China car registrations jumped 450% in March, month on month, data from auto consultancy LMC Automotive showed. Tesla’s China registrations… Continue reading Tesla’s China car registrations surge in March as Shanghai factory back up
Kia Motors to Use Volkswagen’s Electric Vehicle Charging Infrastructure within the U.S.
Kia Motors is planning to work with Volkswagen Group, which is currently operating the biggest charging infrastructure in the U.S., in order to expand its electric vehicle business within the North American market. This collaboration is drawing eyes as it is the first case of collaboration between two electric vehicle competitors.According to the industry, Kia… Continue reading Kia Motors to Use Volkswagen’s Electric Vehicle Charging Infrastructure within the U.S.
General Motors says will make 1.5 mln masks a month in Mexico
FILE PHOTO – The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. REUTERS/Rebecca Cook MEXICO CITY (Reuters) – General Motors Co will begin producing 1.5 million face masks a month at its plant in the Mexican city of Toluca at the end of April,… Continue reading General Motors says will make 1.5 mln masks a month in Mexico
G.M. Lays Out Ambitions for Electric-Vehicle Lineup to Rival Tesla
WARREN, Mich. — Over the last three months, Tesla’s stock price has more than doubled, adding tens of billions of dollars in market value, as investors have concluded that the company is poised to lead the auto industry’s transition to battery-powered vehicles. Now General Motors is trying to make the case that it isn’t far… Continue reading G.M. Lays Out Ambitions for Electric-Vehicle Lineup to Rival Tesla
Tesla is still getting tons of Cybertruck orders months after electric pickup unveiling
Despite difficult times, Tesla is still getting a lot of new Cybertruck orders months after electric pickup’s unveiling, according to sources familiar with the matter. Tesla is no stranger to receiving incredible numbers of pre-orders or reservations after unveiling a new vehicle. The automaker used that model to prove demand and raise money to finance… Continue reading Tesla is still getting tons of Cybertruck orders months after electric pickup unveiling