Strong sales growth of 9.3% at constant currencies, significantly outperforming automotive production in all regions. in €m Q1 2017* Q1 2018 At constant currencies Automotive production** Sales 4,203 4,315 +9.3% -0.3% By region Europe North America Asia South America Rest of the World 2,108 1,177 689 169 60 2,279 1,063 742 168 63… Continue reading FIRST-QUARTER 2018 SALES
Tag: Manufacturing
Works council rejects proposals of the Opel management
There is talk of “disinformation” and open wage tariff: The Opel works council sharply rejects the demands of the management and the parent company PSA for the restructuring of the troubled automaker. Opel employees Thursday, 19.04.2018 18:49 clock In the dispute over the Opel-Sanierung becomes the tone sharper. Works Council leader Wolfgang Schäfer-Klug accused the… Continue reading Works council rejects proposals of the Opel management
Can GM Korea avoid bankruptcy? Company says deal deadline is Friday
Workers from subcontractors of GM Korea and citizens call for the early normalization of the ailing carmaker’s operations during a rally in Incheon, west of Seoul, South Korea, April 17, 2018. (Photo: YONHAP/EPA-EFE/REX/Shutterstock,) The window for an agreement to save General Motors’ money-losing South Korea unit is nearly closed, according to a GM spokesman. The spokesman… Continue reading Can GM Korea avoid bankruptcy? Company says deal deadline is Friday
Jaguar E-Pace
For an idea of the scale of ambition embodied in the new Jaguar E-Pace, consider that 80% of those who choose to buy one over, say, an Audi Q3 or BMW X1 will be new to Jaguar showrooms. ‘Conquest customers’, as they’re dispassionately known within the industry. That’s a mighty statistic even for a car… Continue reading Jaguar E-Pace
FAURECIA : STRONG SALES GROWTH OF 9.3% AT CONSTANT CURRENCIES, SIGNIFICANTLY OUTPERFORMING AUTOMOTIVE PRODUCTION IN ALL REGIONS
https://edge.media-server.com/m6/p/a5nxrnicThe replay will be available at the same link in the afternoon.CalendarMay 15, 2018: Capital Markets Day focused on Smart Life on Board (Paris)May 29, 2018: Annual Shareholders’ Meeting (Paris)July 20, 2018: H1 2018 results announcement (before market hours)October 4-14, 2018: Faurecia’s presence at Paris Mondial de l’AutoOctober 11, 2018: Q3 2018 sales announcement (before… Continue reading FAURECIA : STRONG SALES GROWTH OF 9.3% AT CONSTANT CURRENCIES, SIGNIFICANTLY OUTPERFORMING AUTOMOTIVE PRODUCTION IN ALL REGIONS
Shell and Toyota move forward with hydrogen facility at Port of Long Beach
SAN FRANCISCO, April 19, 2018 /PRNewswire/ — Equilon Enterprises LLC, doing business as Shell Oil Products US (“Shell”), and Toyota have been provisionally awarded $8 million by the California Energy Commission (CEC) to develop the first hydrogen-truck refueling station at the Port of Long Beach. The funding, which is contingent upon the approval of the project… Continue reading Shell and Toyota move forward with hydrogen facility at Port of Long Beach
Peugeot boss faces toughest adversary yet in IG Metall
PARIS/FRANKFURT (Reuters) – PSA Group (PEUP.PA) boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany’s IG Metall union, which has been the undoing of many a cost cutter. FILE PHOTO: Chairman of the Managing Board of PSA Group Carlos Tavares… Continue reading Peugeot boss faces toughest adversary yet in IG Metall
Nissan’s Resende plant in Brazil celebrates its fourth anniversary
Nissan Resende Industrial Complex introduces a new shift, achieves the milestone of 200,000 cars made and surpasses 30,000 units sent abroad RESENDE, Brazil – Nissan’s Resende Industrial Complex in Brazil is celebrating its fourth anniversary with major production and export milestones. In July 2017, the Brazilian plant welcomed 600 new employees and introduced a new shift. Employees… Continue reading Nissan’s Resende plant in Brazil celebrates its fourth anniversary
News Release – Magna Opens New Body & Chassis Plant in Mexico
Please click HERE for a PDF version of the release. Facility to produce structural welded assemblies for global automakers Currently employs 400, expected growth to approximately 1,000 Gives Magna 32 facilities and more than 28,000 employees in Mexico AURORA, Ontario, April 19, 2018 (GLOBE NEWSWIRE) — Magna executives were joined by Governor Juan Manuel Carreras… Continue reading News Release – Magna Opens New Body & Chassis Plant in Mexico
UPDATE 1-Opel labour leaders fear Eisenach plant workforce could halve
HAMBURG/FRANKFURT (Reuters) – German labor leaders fear Opel’s Eisenach factory could lose half its 1,800 workforce unless a deal is struck with owner PSA Group (PEUP.PA) over working conditions, amid escalating tensions between German union IG Metall and Opel’s management. Opel CEO Michael Lohscheller attends a news conference in Ruesselsheim, Germany November 9, 2017. REUTERS/Ralph… Continue reading UPDATE 1-Opel labour leaders fear Eisenach plant workforce could halve