Tag: FCA

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

Ferrari to resume production in Maranello and Modena as of 14 April 2020. 

Maranello, 27 March 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020.All activities that can be conducted in smart working will continue to be performed as has been the case in recent weeks. The Company… Continue reading Ferrari to resume production in Maranello and Modena as of 14 April 2020. 

@Ferrari: Ferrari to resume production in Maranello and Modena as of 14 April 2020

Maranello, 27 March 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020. All activities that can be conducted in smart working will continue to be performed as has been the case in recent weeks. The… Continue reading @Ferrari: Ferrari to resume production in Maranello and Modena as of 14 April 2020

Fiat Chrysler plans April 14 production restart

CLOSE Fiat Chrysler plans a restart of most production on April 14.  (Photo: Kimberly P. Mitchell, Detroit Free Press) Fiat Chrysler Automobiles, which has seen at least three workers die in the midst of the coronavirus outbreak, plans to restart production April 14. The company, in a news release Thursday on the restart date, said it is taking “important… Continue reading Fiat Chrysler plans April 14 production restart

GM cuts paychecks of salaried workforce, executives

Detroit — The spreading coronavirus crisis is pushing General Motors Co. to cut its salaried workforce’s pay by 20% for potentially up to six months, a company spokesman said Thursday, but the automaker would pay back the reductions with interest later this year or early 2021. GM’s cost-cutting action follows Ford Motor Co.’s move to defer portions of salaries for 300 top… Continue reading GM cuts paychecks of salaried workforce, executives

2,000 contract workers let go at Fiat Chrysler as automakers hunker down

Almost 2,000 contract workers across North America at Fiat Chrysler Automobiles will be out of a job as projects are paused, another indication of the pressure the auto industry is under amid the coronavirus pandemic. General Motors Co. and Ford Motor Co., meanwhile, are borrowing billions from existing credit facilities to ensure financial flexibility as… Continue reading 2,000 contract workers let go at Fiat Chrysler as automakers hunker down

UPDATE 2-Ford plans to resume production at some North American plants in April

DETROIT (Reuters) – Ford Motor Co (F.N) said on Thursday it planned to restart production at some plants in North America as early as April 6, bringing back its most profitable vehicles at a time when U.S. demand has slumped and the No. 2 U.S. automaker is conserving cash to survive the coronavirus pandemic. The… Continue reading UPDATE 2-Ford plans to resume production at some North American plants in April

Roush shuts its doors after 2 workers test positive for coronavirus

Roush Enterprises has shuttered its facility in Allen Park after two employees there tested positive for COVID-19/coronavirus. The facility, called B9, is located on Southfield Road. It has been closed since Tuesday, CEO Evan Lyall told employees in a company email. Roush, based in Livonia, engineers and manufactures high performance components for cars often used in street and competitive racing. … Continue reading Roush shuts its doors after 2 workers test positive for coronavirus