AUBURN HILLS, Mich., Dec. 12, 2019 /PRNewswire/ — Establishes unified product development organization sustained by three strategic activities – core engineering competencies responsible for addressing key technology opportunities; transversal program management and execution; and support for program delivery and management of decoupled activities Streamlined organization to enable optimal workload balancing Better positions FCA to continue… Continue reading FCA’s New Global Product Development Organization Will Unleash Speed-to-Market and Technological Innovation
Category: Newswire
Dana Incorporated Extends Share Repurchase Program
MAUMEE, Ohio, Dec. 12, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its board of directors authorized the extension of its share repurchase program through December 31, 2021. The company had $150 million available under the program as of September 30, 2019. The company expects shares to be repurchased in the open market… Continue reading Dana Incorporated Extends Share Repurchase Program
Auto workers OK labor deal at Fiat Chrysler
New York (CNN Business)Auto workers at Fiat Chrysler have ratified a new four-year contract, closing the door on the possibility of another strike like the one that shut down rival General Motors for six weeks.Fiat Chrysler (FCAU) made far greater use of those relatively new hires and their lower pay scale than its rivals did, giving the company a competitive cost advantage over GM (GM) and Ford (F).The 40-day walkout at GM earlier this fall cost the automaker an estimated $2.9 billion, but despite inflicting those costs on GM the strikers did not convince the automaker to drop plans to close three US factories.
Porsche’s Electric Taycan Barely Clears the 200-Mile-Range Mark
Porsche has long been synonymous with the highest-performance cars money can buy. But its debut electric model is decidedly average in one very significant respect: range.
Cars.com Predicts the Top 5 Trends That Will Shape the Next Decade in Automotive
CHICAGO, Dec. 12, 2019 /PRNewswire/ — As we enter a new decade, Cars.comTM (NYSE: CARS) today revealed its top predictions for the trends that will most impact car shoppers and sellers. Increasing consumer expectations, connected technology, rising loan prices, a pivotal presidential election, and an infatuation with electric and autonomous vehicles will shape automotive and result… Continue reading Cars.com Predicts the Top 5 Trends That Will Shape the Next Decade in Automotive
New UAW-FCA Collective Bargaining Agreement Expands Commitment to U.S. Manufacturing Operations With Investment and Jobs
AUBURN HILLS, Mich., Dec. 11, 2019 /PRNewswire/ — New agreement builds on Company’s success with $9 billion in investment and creates 7,900 new or secured jobs FCA has created more UAW-represented jobs than any other OEM and exceeded investment commitments since 2015 agreement FCA confirmed today that its UAW-represented workforce has ratified a new four-year… Continue reading New UAW-FCA Collective Bargaining Agreement Expands Commitment to U.S. Manufacturing Operations With Investment and Jobs
Toyota Names Japanese Successor to Longest-Serving America Chief
Toyota Motor Corp.’s longest-serving American head of its U.S. business is retiring and will be replaced by a Japanese executive who’s little known outside the company.
Tesla’s German plant to produce 500,000 cars a year: Bild
Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany’s Bild newspaper reported on Wednesday.German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros in the plant.Construction will start in 2020, the newspaper reported.
Honda Cars India launches Any Time Warranty program for 10 years
Honda Cars India has launched the annual Any Time Warranty program that a customer can buy till 10 years of vehicle usage from the time of its initial purchase.The Any Time Warranty program will reduce the total ownership cost of the vehicle and also increase the resale value.The Any Time Warranty program provides coverage of one year or 20,000 km.
Toyota Announces Executive Leadership Changes
“Jim Lentz has had an incredible impact on our company. He has been an outstanding leader and was instrumental in restructuring the company and bringing together our North American region. He deserves a lot of credit for all he has accomplished in his many roles around the globe and he will be greatly missed,” said… Continue reading Toyota Announces Executive Leadership Changes