TOKYO — Toyota Motor will not raise base pay this year, the company told its union Wednesday, joining the ranks of Japanese companies freezing or limiting wage hikes to cope with the U.S.-China trade war and the coronavirus outbreak. This will be Toyota’s first time since 2013 denying a base pay hike during the annual spring negotiations… Continue reading Toyota halts pay raises for first time in 7 years, joining Nippon Steel
Tag: Manufacturing
Toyota pumps brakes on Lexus production as China sales drop
NAGOYA, Japan — Toyota Motor will temporarily scale back production of Lexus luxury vehicles due to plummeting sales in China amid the coronavirus outbreak, Nikkei has learned. The Japanese automaker is expected to shrink output by about 6% at two domestic assembly plants. The cutbacks will start Monday and last until the end of the… Continue reading Toyota pumps brakes on Lexus production as China sales drop
Audi E-tron GT: electric sports saloon seen ahead of LA unveiling
The Audi E-tron GT has been seen again in the clearest spy images yet ahead of an expected inveiling at the 2020 Los Angeles motor show. The electric grand tourer, a sibling to the Porsche Taycan, isn’t set to hit showrooms until 2021 after the November unveiling, but lightly disguised prototypes are now testing on German… Continue reading Audi E-tron GT: electric sports saloon seen ahead of LA unveiling
Fiat Chrysler closes four plants as Italy fights coronavirus with lockdown
London (CNN Business)Fiat Chrysler (FCAU) is cutting car production and temporarily closing four plants across Italy as the coronavirus takes its toll on the world’s eighth biggest economy.The move follows a decision by the Italian government to impose sweeping restrictions on travel and public gatherings as it tries to contain the worst outbreak of coronavirus, or Covid 19, outside China.Italy on Monday imposed widespread restrictions on travel and public life across the country, including closing schools, movie theaters, museums and gyms, and limiting opening hours for bars, restaurants and shops.
Chinese Self-driving Logistics Vehicle Startup Neolix Raises $28M In Series A+ Round
Chinese self-driving logistics vehicle startup Neolix Technologies announced that it has raised nearly RMB200 million (US$28.8 million) in series A+ round of financing in February this year. The new round was led by Chinese EV car maker Leading Ideal. Addor Capital and existing shareholders Yunqi Partners and Glory Ventures also particiated. Neolix announced in May… Continue reading Chinese Self-driving Logistics Vehicle Startup Neolix Raises $28M In Series A+ Round
@BMW: The BMW i8: From vision to icon, from bestseller to classic of the future.
Munich. The final stretch on the way to the “Hall of Fame” of BMW sports cars: Six years after its market launch, the BMW i8 ends its product life cycle. When production of the BMW i8 Coupé (fuel consumption combined: 1.8 l/100 km; combined power consumption: 14.0 kWh/100 km; combined CO2 emissions: 42 g/km*) and the BMW i8 Roadster (combined fuel… Continue reading @BMW: The BMW i8: From vision to icon, from bestseller to classic of the future.
[Covid-19] Reinforced security at the PSA factory in Mulhouse after a first case
The employee, who occupies a production position in this automobile assembly factory employing around 5,000 people, had been on sick leave since February 29. A spokesperson for PSA clarified that he had contracted the virus in the private sphere and that the few people on his team who had been in contact with him before… Continue reading [Covid-19] Reinforced security at the PSA factory in Mulhouse after a first case
LM Industries Named to Fast Company’s 2020 List of the World’s Most Innovative Companies for Shaping the Future of Mobility
SAN FRANCISCO, March 10, 2020 (GLOBE NEWSWIRE) — LM Industries has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020.LM Industries’ unique approach to digital manufacturing is improving the health of local economies, meeting consumers’ needs by crafting highly customized products and reducing the automotive industry’s carbon footprint.… Continue reading LM Industries Named to Fast Company’s 2020 List of the World’s Most Innovative Companies for Shaping the Future of Mobility
Tesla Cybertruck Gigafactory: Nashville in the running, Elon is looking for ‘incentives, workforce, and more’
Tesla is looking for a new gigafactory in the ‘central US’ to produce the Cybertruck electric pickup truck and Model Y. CEO Elon Musk says that he is looking for “incentives, a workforce, and more” as Nashville is said to be in the running. Yesterday, Musk announced that Tesla is scouting locations in the central… Continue reading Tesla Cybertruck Gigafactory: Nashville in the running, Elon is looking for ‘incentives, workforce, and more’
China Digest: Self-driving firm Neolix raises $29m; VDN Cloud closes $14m
Neolix Technologies, a startup that delivers level 4 autonomous driving vehicles, has received nearly 200 million yuan ($29 million) in a Series A+ round, while edge computing-based cloud service provider VDN Cloud has closed almost 100 million yuan ($14 million) in a Series A+ round. CHJ leads $29m Series A+ round in self-driving startup Neolix… Continue reading China Digest: Self-driving firm Neolix raises $29m; VDN Cloud closes $14m