Category: Automotive

AB Volvo warns of demand slump as truck orders plunge

STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo (VOLVb.ST) reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22,… Continue reading AB Volvo warns of demand slump as truck orders plunge

Renault shares plunge as profit warning deepens its problems

PARIS (Reuters) – A hefty profit warning sent Renault (RENA.PA) shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry. FILE PHOTO: The logo of French car manufacturer… Continue reading Renault shares plunge as profit warning deepens its problems

AB Volvo truck orders tumble as markets hit brakes in third-quarter

STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Friday reported a sharp fall in order intake of its trucks in the third quarter and forecast slumping market demand on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at… Continue reading AB Volvo truck orders tumble as markets hit brakes in third-quarter

UAW reaches tentative contract with janitors striking at five GM sites

CLOSE Striking janitors, who work for Aramark and are UAW members, picket outside General Motors’ Flint Assembly Plant last month. The janitors have reached a tentative agreement with Aramark, according to a source.  (Photo: Phoebe Wall Howard, Detroit Free Press) The janitors who have been on strike alongside autoworkers at General Motors sites have reached a… Continue reading UAW reaches tentative contract with janitors striking at five GM sites

UAW-GM deal calls for raises, $11K ratification bonus, Lordstown closure, pathway for temps

CLOSE Joe Krapohl, 64, of Otisville has spent more than 30 years working at GM as a toolmaker. He is a third-generation employee on the strike line outside the Flint Assembly Plant. Phoebe Wall Howard, Detroit Free Press According to a summary of the UAW’s proposed tentative contract with General Motors, the union won on… Continue reading UAW-GM deal calls for raises, $11K ratification bonus, Lordstown closure, pathway for temps

Airbus and LM Industries form 3D printing digital mobility startup Neorizon

International aerospace giant Airbus, and San Francisco-based digital OEM LM Industries (LMI), parent company of Local Motors and Launch Forth, have partnered to form Neorizon, a digital mobility startup.  The new collaborative venture between the two firms aims to provide innovative products with a focus on autonomous mobility. Both firms will bring their respective expertise… Continue reading Airbus and LM Industries form 3D printing digital mobility startup Neorizon