The Portuguese Carlos Tavares (61), Chairman of the Board of the French PSA group, is regarded as the Superstar of the auto industry, since he saved Citroën DS, Peugeot and Opel from delicate situations, and has his PSA group profit margins, the Champion performs. To be concentrated at the beginning of this year, the China… Continue reading Interview with PSA CEO Carlos Tavares – view – The KXAN 36 News
Tag: Financial Results
Nexteer Reports 2019 Financial Results
AUBURN HILLS, Mich., March 29, 2020 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2019. The Company’s 2019 financial results were impacted by various environmental challenges including lower OEM light vehicle production across all regions, led by a decline in China, a GM-UAW labor strike in North America interrupting vehicle… Continue reading Nexteer Reports 2019 Financial Results
Coronavirus: a month off for the German automobile
The first German industry is at a standstill. One after the other, the major German car manufacturers have announced the closure of their assembly lines. A high social risk maneuver in a sector on which more than 840,000 jobs depend. Initially, 200,000 people are put on compulsory leave or invited to use their “time credit”.… Continue reading Coronavirus: a month off for the German automobile
VW burning through $2.2 billion a week with factories closed by coronavirus – Autoblog
FRANKFURT — Volkswagen may have to cut jobs if the coronavirus pandemic is not brought under control as the carmaker is still spending about 2 billion euros ($2.2 billion) a week, Chief Executive Herbert Diess told German TV channel ZDF. Diess told the Markus Lanz talkshow that the German company, which employs 671,000 people worldwide,… Continue reading VW burning through $2.2 billion a week with factories closed by coronavirus – Autoblog
@FCA: FCA Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children
Fiat Chrysler Automobiles Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children Included in New Programs March 27, 2020 , Auburn Hills, Mich. – As previously communicated to the company’s employees from Fiat Chrysler Automobiles (FCA) CEO Mike Manley, the company is in the process of converting its first plant to produce face masks for… Continue reading @FCA: FCA Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children
MAGNA POSTS 2019 ANNUAL REPORT
AURORA, Ontario, March 27, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2019 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. Magna has also filed these documents with the… Continue reading MAGNA POSTS 2019 ANNUAL REPORT
Trump orders GM to start ventilator production for COVID-19 amid contract dispute
President Donald Trump signed Friday a presidential directive ordering GM to produce ventilators and to prioritize federal contracts, just hours after the automaker announced plans to manufacture the critical medical equipment needed for patients suffering from COVID-19, the disease caused by the coronavirus. The order, made under the Defense Production Act, marks a sudden reversal… Continue reading Trump orders GM to start ventilator production for COVID-19 amid contract dispute
UK car production steady in February, down -0.8%, as sector braces for coronavirus impact
UK car production declines -0.8% in February, with some 1,033 fewer units made. Output for domestic market climbs 7.8% while exports fall -3.1% to 94,999, reflecting fundamentally sound sector despite global challenges. New initial impact analysis suggests coronavirus could wipe some 200,000 units off UK’s output in 2020, as sector urges government to accelerate access… Continue reading UK car production steady in February, down -0.8%, as sector braces for coronavirus impact
@VW Group: Volkswagen releases medical personnel with full pay for voluntary work in the public health service
Volkswagen AG is releasing employees with medical qualifications for up to 15 working days with full pay if they volunteer for work in the public health service. The target group includes medical practitioners and paramedics of various categories as well as nursing and surgery personnel working at the German facilities of Volkswagen AG. In addition… Continue reading @VW Group: Volkswagen releases medical personnel with full pay for voluntary work in the public health service
@Toyota: We Are Here For You! Toyota’s Response to the COVID-19 Crisis
Fabrication of face shields and collaboration to ramp up the manufacture of vital medical devices for hospitals PLANO, Texas, March 27, 2020 – As a result of the COVID-19 pandemic, Toyota Motor North America, Inc. (TMNA) continues to assist those in need with essential supplies, emergency relief and is providing on-going support to many local… Continue reading @Toyota: We Are Here For You! Toyota’s Response to the COVID-19 Crisis