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Big Mac sends its regards

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Fired salaried workers sue Ford for age discrimination

Original Article

Electric car start-up Nio hit by departures

Chinese group suffers software problems and plunging shares since NY debut last year Go to Source

Applied Materials to acquire Japan’s Kokusai Electric for $2.2b in cash deal

Applied Materials Inc, the world’s biggest supplier of chipmaking equipment, said on Monday it would buy Japanese peer Kokusai Electric for $2.2 billion in cash from global investment firm KKR & Co Inc. The move comes amid rising competition for providing cutting-edge semiconductors for use in fifth-generation (5G) telecommunications equipment. The deal would push the U.S. company’s share of the chipmaking… Continue reading Applied Materials to acquire Japan’s Kokusai Electric for $2.2b in cash deal

Stamp under an extraordinary catch-up

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“Where Kim shows up, he is celebrated like a pop star”

Careem ends Sudan operations as part of Uber takeover deal

FILE PHOTO: Careem employees walk past the company headquarters in Dubai, UAE December 13, 2018. REUTERS/Satish Kumar/File Photo DUBAI (Reuters) – Careem has ended operations in Sudan as part of its planned takeover by Uber, a spokeswoman said on Monday, less than a year after the Middle Eastern ride-hailing firm launched in the country. Careem… Continue reading Careem ends Sudan operations as part of Uber takeover deal

GM Announces Arlington Investment, T1XX-based Large SUVs Coming In 2020

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GM Announces Arlington Investment, T1XX-based Large SUVs Coming In 2020

27 Jun 2019, 10:28 UTC ·
by Mircea Panait

Home > News > Industry

Specialized in large SUVs from the Chevrolet, GMC, and Cadillac brands, Arlington Assembly prepares to the next generation of utility vehicles for the 2021 model year. General Motors is investing $20 million towards this goal, and the upgrades are scheduled to be completed in 2020.
16 photos
Looking at the bigger picture, General Motors invented the segment in 1935 with the Carryall Suburban in 1935. But as of late, the Ford Motor Company got ahead with the latest and the greatest Expedition and Lincoln Navigator. But nevertheless, the biggest of the Big Three in Detroit plans to bounce back to its former days of glory.
“We’ve been building trucks in Texas for more than 20 years, and our additional investment in Arlington Assembly is proof of our commitment and confidence in our Arlington team,” declared Gerald Johnson, executive vice president of Global Manufacturing. “We are counting on the Arlington team to continue focusing on building the highest quality products possible for our customers while preparations continue for the launch of the next generation of our full-size SUVs.”
“Highest quality” is not how we’d describe General Motors. Even the 2019 Chevrolet Silverado 1500, whose T1XX vehicle architecture will underpin the 2021 Cadillac Escalade, features questionable plastic in the cabin, an inefficient Tripower turbo four-cylinder engine, and substandard ride quality.
The Escalade will be joined by the Tahoe, Suburban, and Yukon, and all of them will switch to independent rear suspension thanks to the T1XX body-on-frame platform. In the case of the Cadillac, the Blackwing V8 is expected to join the engine lineup as the next best option after the small-block V8.
Opened in 1954, the Arlington-based facility employs 4,500 people these days. No fewer than three shifts are operated, and Arlington switched from cars to truck-based vehicles in 1997. B platform-based vehicles such as the Buick Roadmaster, Chevrolet Caprice, Impala, and Oldsmobile Custom Cruiser were manufactured there before the switch.
Thanks to a series of purchase agreements, Arlington Assembly runs entirely on wind energy. This makes the plant one of the greenest in the United States, and that’s funny if you remember what kind of gas-guzzling leviathans are manufactured there.

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Nio recalls SUVs in China after battery fires

Chinese startup automaker Nio is recalling nearly 5,000 of the ES8 SUVs that it has sold in China following a spate of fires in their battery packs.

Nio says the pack assembly is the problem. A module in the pack can rub against a cable that samples voltage and eventually wear through the insulation—causing a short that leads to a fire. The company will replace the packs in affected cars over the next two months.

Nio has sold 17,000 ES8s in China since April 2018, but the recall only affects vehicles made through last October 19, because the company changed the pack design after that.

The automaker, which has been referred to as the Chinese Tesla, has faced a variety of challenges lately. Sales in the first quarter didn't live up to expectations, and the company put its planned third model, a sedan, on hold while it showed two new concept cars at the Shanghai auto show and ahead of it. The company is just rolling out its second model, a smaller SUV called the ES6.

In March, it abandoned plans to build its own factory in China and said it would continue to rely on fellow Chinese automaker JAC to produce its cars under contract.

The company also had to close one of its research offices outside San Francisco, even as it makes plans to expand outside China. Later in May, it teamed up with fellow Chinese automaker GAC to build cars in China and announced that it would postpone its planned U.S. launch.

Nio is one of the few Chinese automakers traded in the U.S., on the New York Stock Exchange.

French automaker Renault is ‘confident’ about the China market despite falling car sales

VIDEO3:0603:06Electric vehicles are a priority for us in China: RenaultStreet Signs AsiaChina's auto industry is struggling to sell new cars but French automaker Renault is confident about the market's long-term prospects, according to a senior executive.
The market downtrend started in the middle of last year and Renault expects a full-year decline of about 5% in sales, according to Francois Provost, senior vice president, chairman of China region at the company.
“We remain confident about the long-term trend for the Chinese market,” he told CNBC's Geoff Cutmore and Arjun Kharpal at the World Economic Forum in Dalian, China.
Provost explained it was hard to determine the key reason for the sales decline but conversations with Renault dealers and salesmen indicated that customers were hesitating to buy new cars.
“I cannot explain in details the root cause but, for sure, our customers are hesitating to buy, and this explains most of the volume decrease,” he said, adding that it is likely that much of the uncertainty comes from the ongoing trade tensions between the United States and China.
Last month, China reported the worst-ever monthly sales drop that deepened worries over the economic slowdown in the world's second largest economy and the impact of the trade war with Washington.
Auto sales declined 16.4% in May from the same month a year earlier, according to the China Association of Automobile Manufacturers, Reuters reported. That was the 11th consecutive month of decline, according to the news wire.
U.S. President Donald Trump met his Chinese counterpart Xi Jinping on Saturday during the Group of 20 summit in Japan, where the two leaders agreed to halt further tariffs on each other's goods, and return to the negotiating table.
Provost said he hoped that move would boost consumer confidence in the Chinese auto market.
Still, Renault, which has three joint ventures in China, plans to sell 550,000 vehicles in China in 2022. Last year, the company said it sold more than 216,000 vehicles in the country — about three times more than its 2017 sales.
A big priority for the French automaker in China is the electric vehicles market.
Favorable government policies have given pure battery-powered vehicles as well as hybrid cars an advantage despite an overall slowdown in auto sales. Last year, electric car sales in China jumped almost 62% to 1.3 million vehicles. For 2019, it is predicted that electric vehicle sales could hit 1.6 million.
Provost said that the electric vehicle market will “grow a lot in the coming years” due to a combination of strong government support as well as growing confidence among customers toward those types of cars.