FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo TOKYO/WASHINGTON (Reuters) – Honda Motor Co (7267.T) and Nissan Motor Co (7201.T) on Tuesday said they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic slashes demand for… Continue reading Honda, Nissan furlough U.S. workers as auto demand plummets
Tag: Renault
To survive and thrive, it’s time for the automotive sector to diversify its supply chain
Coronavirus and recent trade wars have made one thing clear – the current supply chain model in the automotive sector is unsustainable. Neeraj Kanwar, managing director of one of the world’s largest tyre manufacturing companies, reports. The past couple of weeks has witnessed numerous carmakers shut their plants across the US, UK and Europe. We… Continue reading To survive and thrive, it’s time for the automotive sector to diversify its supply chain
Honda, Fiat Chrysler cancel all April U.S., Canadian auto production
FILE PHOTO: Honda Motor’s logo is seen on Civic sedan car at its showroom in Tokyo, Japan October 4, 2017. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) – Honda Motor Co (7267.T) and Fiat Chrysler Automobiles NV said on Monday they will extend their auto production shutdown in the United States and Canada to all of April. The… Continue reading Honda, Fiat Chrysler cancel all April U.S., Canadian auto production
Renault plant in Moscow extends production suspension
MOSCOW, April 6. / TASS /. The Renault concern in Moscow has extended the suspension of production in connection with the decree by Russian President Vladimir Putin on the extension of non-working days until the end of April, an official representative of the company told TASS on Thursday.
“In accordance with the decree by the Russian President, the Moscow Renault plant suspended car production starting on March 30, 2020. These are paid non-working days for workers. The plant will resume its work depending on further decisions of the government,” the representative said.
Previously, the week from March 30 to April 3 was declared a non-working week, to combat the spread of the coronavirus. The Renault plant suspended the conveyor for this period. Later, the President announced the extension of non-working days until April 30.
The suspension of production was also announced by Nissan, Toyota and the Avtotor Kaliningrad plant. At the same time, starting on April 6, automobile production w..
Carmaker PSA secures further 3 billion euros worth of loans
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann/File Photo PARIS (Reuters) – French carmaker and Peugeot-owner PSA (PEUP.PA) announced on Monday a further 3 billion euros… Continue reading Carmaker PSA secures further 3 billion euros worth of loans
Press Releases – UK trade deal: EU auto makers call for far-reaching agreement
Brussels, 6 April 2020 – The scale and ambition of the trade agreement that replaces the United Kingdom’s membership of the EU must reflect the deeply intertwined nature of the automotive sector, urges the European Automobile Manufacturers’ Association (ACEA). If not, this would not only severely damage the industry and the wider economy, but it… Continue reading Press Releases – UK trade deal: EU auto makers call for far-reaching agreement
@Nissan: Regarding COVID-19 infection at Nissan headquarters
2020/04/05 YOKOHAMA, Japan – An employee working at Nissan Motor Co., Ltd.’s global headquarters in Yokohama tested positive on April 4 for the COVID-19 coronavirus. The employee started to show symptoms of COVID-19 on March 23. The employee took the polymerase chain reaction (PCR) test on April 3 and was diagnosed as positive on the… Continue reading @Nissan: Regarding COVID-19 infection at Nissan headquarters
Toyota halts Japan production as carmakers slam on the brakes
TOKYO — Toyota Motor suspended production at five plants across Japan on Friday, joining the ranks of automakers throughout the world that have been forced to do the same as the coronavirus pandemic stifles sales. However, Japan’s largest automaker said it hopes its strong cash position can help it endure the pain. “I have said multiple times… Continue reading Toyota halts Japan production as carmakers slam on the brakes
Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
Autoliv, Inc. ALV recently canceled its quarterly dividend scheduled for Jun 4 and suspended future dividends until further notice. It also withdrew the 2020 guidance to preserve cash as vehicle sales drop on the coronavirus outbreak. The company also drew the remaining $600 million from its revolving credit facility of $1 billion. Notably, it had… Continue reading Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
Nissan to furlough staff and suspend production for whole of April – Chronicle Live
Car giant Nissan is to suspend production at its Sunderland plant for the rest of April and put most of its staff on furlough as the coronavirus lockdown continues. The company – which employs more than 6,000 people at Sunderland and supports thousands more in the regional supply chain – had initially suspended production on… Continue reading Nissan to furlough staff and suspend production for whole of April – Chronicle Live