Tesla said that it would suspend production at its Fremont, California, factory beginning March 23. The company said that “continued operations” had caused challenges for employees and suppliers. The San Francisco Bay Area is under a shelter-in-place order among a worsening coronavirus outbreak in the US. In shutting down its plant, Tesla joins the Detroit… Continue reading Tesla is shutting down its factory due to coronavirus, but it has enough cash to stay in business for a while (TSLA)
Tag: FCA
Coronavirus, the hypothesis that FCA can “convert” to the construction of respirators takes shape
What if instead of FCA cars (together with Ferrari) he converted to the construction of respirators? It is the hypothesis that is taking shape in these hours and that would see the Lingotto group engage personally with some of its factories to collaborate with the Bolognese Siare Engineering, the only Italian company capable of producing… Continue reading Coronavirus, the hypothesis that FCA can “convert” to the construction of respirators takes shape
Ford pulls down $15.4 billion in credit as virus hits
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay (Reuters) – Ford Motor Co (F.N) said on Thursday it was drawing down $15.4 billion from two existing credit lines and suspending dividend payments as it bolsters its reserves to ride out damage to… Continue reading Ford pulls down $15.4 billion in credit as virus hits
Foreign, Domestic Automakers Suspend Production at North American Factories
Photo via Wikimedia/Anonyme General Motors, Ford, and Fiat Chrysler will suspend production at North American manufacturing facilities to fight the spread of COVID-19/coronavirus, according to press statements and news reports. Both GM and Ford stated their suspensions will last until at least March 30. GM stated its production status will be reevaluated week-to-week after that.… Continue reading Foreign, Domestic Automakers Suspend Production at North American Factories
@FCA: FCA-EIB EUR 300 million loan for R&D projects
FCA-EIB EUR 300 million loan for R&D projects Go to Source
Coronavirus closure: Fiat Chrysler idles Ram 1500 pickup plant in Michigan
Fiat Chrysler is idling the Sterling Heights, Mich., factory where it builds the Ram 1500 indefinitely, after revealing that an employee at the facility tested positive for the coronavirus (COVID-19).On Monday, Fiat Chrysler, Ford, GM and the UAW came to an agreement on implementing new precautionary measures to continue U.S. auto manufacturing in the coming weeks.The Sterling Heights facility produces the latest generation Ram 1500, while the last generation 1500 Classic is built at factories in Warren, Mich., and Mexico that remain open.
Detroit automakers Ford, General Motors, FCA agree to close all US plants
CLOSE The CDC and a new study look at how long the coronavirus can live on surfaces. USA TODAY The Detroit Three automakers agreed Wednesday to UAW demands to shut down all North American plants as a precaution against coronavirus. During the shutdown, the union members will get paid similar to the compensation plan for when they… Continue reading Detroit automakers Ford, General Motors, FCA agree to close all US plants
GM, Ford and FCA shutter all North American factories over coronavirus fears
Detroit’s big three automakers are to shut down all factories due to fears over the coronavirus. Details are still in the works and will be announced shortly. Over the last few days, United Auto Workers has been pushing the automakers to shut down their factories over concerns of worker safety. UAW President Rory Gamble sent… Continue reading GM, Ford and FCA shutter all North American factories over coronavirus fears
Ford temporarily suspends production in North American factories
Ford said Wednesday it will temporarily suspend production at its North American factories through March 30 in response to COVID-19, the disease caused by coronavirus. “We’re continuing to work closely with union leaders, especially the United Auto Workers, to find ways to help keep our workforce healthy and safe — even as we look at… Continue reading Ford temporarily suspends production in North American factories
Tesla orders factory workers to come to work in spite of shelter in place directive
Tesla will continue to keep its Fremont, Calif., factory open for production, because it has had “conflicting guidance from different levels of government” over whether it could operate during a shelter in place order in Alameda County, according to an email sent to employees Wednesday by the company’s human resources department. The human resources department… Continue reading Tesla orders factory workers to come to work in spite of shelter in place directive