Renault has already warned of possible factory closures as it races to cut costs amid the coronavirus crisis, after posting a net loss of 141 million euros (USD 156 million) for 2019 — its first year in the red in a decade. Paris: French automaker Renault said Monday it was resuming production at two factories… Continue reading Renault says China, South Korea plants restarting after virus shutdown
Tag: Renault
Carmaker Renault: all plants closed apart from in China and South Korea
FILE PHOTO: Employees work at Renault’s assembly plant in Wuhan, Hubei province, China, February 1, 2016. Renault plans to put China at the centre of its strategic plan for 2017-2022, Chief Executive Carlos Ghosn said on Monday at the inauguration of the firm’s first assembly plant in Wuhan, central China. REUTERS/Darley Shen PARIS (Reuters) –… Continue reading Carmaker Renault: all plants closed apart from in China and South Korea
Interview with PSA CEO Carlos Tavares – view – The KXAN 36 News
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
@Mitsubishi: Mitsubishi Motors Announces Temporary Production Suspension at a Plant in Japan
TOKYO, Mar 27, 2020 – (JCN Newswire) – Mitsubishi Motors Corporation will temporarily suspend production at the following production line considering the impact on the parts supply chain due to the global expansion of COVID-19 coronavirus. First production line (for Keicar) at Mizushima Plant (Okayama, Japan): From March 27th to April 10th About Mitsubishi Motors… Continue reading @Mitsubishi: Mitsubishi Motors Announces Temporary Production Suspension at a Plant in Japan
LG Chem signs 480 mln-euro loan deal with European Investment Bank
LG Chem Wroclaw Energy, the Polish subsidiary of South Korea’s top chemical firm LG Chem Ltd., has signed a 480 million-euro (US$530 million) loan agreement with the European Investment Bank (EIB).The television assembly factory is located next to LG Chem’s EV battery plant in Wroclaw.LG Chem supplies EV batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.
Ineos Automotive reveals its Defender-like Grenadier SUV in greater detail – Forma car News
Ineos Automotive has revealed some of the principal specs of its upcoming Grenadier SUV, which openly takes after the Land Rover Defender classics. Four years ago, just as the first-gen Defender went out of production, Ineos CEO Jim Ratcliffe contacted Jaguar Land Rover asking to buy the production rights. Facing refusal, he decided to design… Continue reading Ineos Automotive reveals its Defender-like Grenadier SUV in greater detail – Forma car News
Hyundai to suspend car production of cars at St. Petersburg plant during week off
MOSCOW, March 26. / TASS /. Hyundai will suspend car production at its plant in St. Petersburg between March 30 to April 3 in connection with a presidential decree on the announcement of a non-working week in the country, the company said in a statement on Thursday.
“Hyundai Motor Company announces that, according to the decree of the Russian President, in connection with the difficult epidemiological situation associated with the spread of coronavirus, Hyundai Motor Manufacturing Rus plant will suspend production for the period of March 30 to April 3,” the company said.
Earlier, the Nissan plant in St. Petersburg announced a suspension of production for a week for the same reason.
Earlier this week automakers began to suspend production at their Russian factories due to problems with the supply of parts. Volkswagen and PSA have already announced a downtime, while Sollers also announced the risk of suspension of production of cars at UAZ and Ford Sollers. A significant part of the tota..
@Mitsubishi: Mitsubishi Motors North America Names Yoichi Yokozawa President And CEO
Since joining Mitsubishi Motors Corporation (MMC) in August 1998, Yokozawa, 55, has held senior-level positions throughout MMC’s financial, strategic planning, Nissan-MMC Alliance, and global marketing and sales organizations. He was previously president and CEO of MMNA from April 2011 until February 2014. “Yoichi is an experienced team player, and his global background and previous North American… Continue reading @Mitsubishi: Mitsubishi Motors North America Names Yoichi Yokozawa President And CEO
Mitsubishi Corp could take Renault stake in alliance rejig: sources
FILE PHOTO: A logo is seen during the inauguration of Renault-Nissan-Mitsubishi’s joint innovation lab in Tel Aviv, Israel June 10, 2019. REUTERS/Amir Cohen PARIS (Reuters) – Japan’s Mitsubishi Corp (8058.T) could potentially invest in Renault (RENA.PA) as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two… Continue reading Mitsubishi Corp could take Renault stake in alliance rejig: sources
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