Category: Newswire

Visteon Takes Action to Address COVID-19 Impact

Company reducing operational costs in response to lower industry volumes Financial guidance withdrawn due to impact of global pandemic Company donates face shields to help protect front-line medical care givers treating COVID-19 patientsVAN BUREN TOWNSHIP, Mich., April 09, 2020 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today outlined various actions it is taking in response to the… Continue reading Visteon Takes Action to Address COVID-19 Impact

Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020

            PRESS RELEASE           COMMUNICATION OF RENAULT’S BOARD OF DIRECTORSAnnual General Meeting of Shareholders to take place on June 19, 2020Cancellation of the dividend for the 2019 financial year25% reduction in compensation for the Chairman and interim CEO25% reduction in Directors’ 2020 attendance feesBoulogne-Billancourt, April 9, 2020 – Renault’s Board of Directors, meeting today under the chairmanship… Continue reading Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020

Nissan Seeks $4.6 Billion Credit Line After Coronavirus Hit: Sources

Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, two people with knowledge of the matter told Reuters on Thursday.Like other automakers, Nissan has been hard hit as the pandemic decimates demand and disrupts production, but the Japanese automaker is more vulnerable than others.

Bridgestone Americas Announces Restart of Commercial Tire and Diversified Products Operations in North America

NASHVILLE, Tenn., April 8, 2020 /PRNewswire/ — Bridgestone Americas (Bridgestone) has announced plans to restart its North American commercial tire plants as well as its North American Firestone Industrial Products and Firestone Building Products manufacturing facilities on April 13. The company’s start-up plans reflect the performance trend in several key areas of its commercial and diversified products… Continue reading Bridgestone Americas Announces Restart of Commercial Tire and Diversified Products Operations in North America

Haval, Avtotor to resume cars production

MOSCOW, April 8. /TASS/. The China's Haval plant in Tula has resumed production of cars today, the company's press service told TASS on Wednesday.
“Haval resumes operation of its plant in Tula from today. We provide unprecedented safety measures for our employees, clients and partners in view of the coronavirus pandemic,” the press service said.
The Kaliningrad-based Avtotor will resume production of cars from April 13, the corporate press service said.
“We inform that production at Avtotor enterprises will restart from April 13,” the company said. Avtotor is producing BMW, KIA, and Hyundai branded cars.

SsangYong says parent company Mahindra won’t exit from S. Korea

The head of India’s Mahindra and Mahindra Ltd. has ruled out plans to pull out of South Korea’s troubled SsangYong Motor Co., the carmaker said Wednesday.Pawan Goenka, managing director and CEO of the Indian conglomerate, gave the assurance during a video conference with Yea Byung-tae, president and CEO of SsangYong Motor, and SsangYong’s union leader on Monday.SsangYong has struggled with worsening performance since 2017, when it shifted to a net loss of 66 billion won from a net profit of 58 billion won the previous year.

Honda back to work in China’s Wuhan with temperature checks and masks

WUHAN, China, April 8 (Reuters) – Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co's reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor.
The plant, a Honda joint venture with Dongfeng Motor Group was shut in late January when authorities ordered a lockdown in Wuhan in a bid to snuff out the coronavirus, which emerged there late last year.
It reopened on March 11 to resume operations in stages and is now back to pre-virus production levels, Li Shiquan, assistant director of the joint venture's No. 2 final assembly plant, told reporters on Wednesday.
Returning workers were asked to report where they had been since the epidemic started and temperature checkpoints were set up, Li said.
About 98% of its 12,000 workers were now back and were putting in over-time to make up for lost production, he said.
The joint venture produced 800,000 cars last y..

Valmet Automotive started to produce safety masks in plant Żary, Poland

In response to the corona crisis Valmet Automotive started with the production of safety mask in its plant in Żary, Poland. In Żary Valmet Automotive produces Roof & Kinematic Systems for diverse premium car brands: “It is our honour and duty to do our utmost in these difficult times to protect those who fight the… Continue reading Valmet Automotive started to produce safety masks in plant Żary, Poland