STOCKHOLM/LOS ANGELES (Reuters) – Volvo Cars, owned by China’s Geely, has no current plans to go for a stockmarket listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn. FILE PHOTO: Hakan Samuelsson, President and Chief Executive Officer of Volvo, smiles… Continue reading Volvo Cars has no current plans for stockmarket listing: CEO
Tag: Manufacturing
BMW cuts Mini production in Limburg after strikes
German car maker BMW has cut the number of cars it is producing at the VDL Nedcar plant in Limburg following concerns about the number of strikes.
In total, BMW has slashed the production of new Minis by 1,000 and dozens of jobs are at risk, the Financieele Dagblad said at the weekend.
There have been three one-day strikes over the past six months and a fourth is planned for Monday.
The VDL Group’s Jan Mooren told the paper part of the production of the Mini Hatch is now being transferred to Oxford. BMW itself has not made a connection between the strikes and the production cut, the FD said.
According to local broadcaster L1, Mooren is concerned that other orders may be lost because of the damage to the company’s image.
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UK car manufacturing falls in October
RT @raymasseytweets: No deal would be ‘catastrophic’, car bosses warn @SMMT @MikeHawesSMMT @smmtif @EmmaButcher4 …
Subaru Corporation Announces Production, Japan Sales and Export Resultsfor October 2018 (Flash Report)
November 29, 2018
Subaru Corporation Announces Production, Japan Sales and Export Results
for October 2018 (Flash Report)
October 2018
Jan-Oct 2018
Units
2018 vs 2017
Units
’18 vs ’17
Domestic production *1
64,234
-0.1%
3rd consecutive month of y/y decrease
552,082
-6.1%
Overseas production *2
☆☆
39,630
+20.7%
4th consecutive month of y/y increase
300,408
-4.6%
Global production total
☆
103,864
+6.9%
First y/y increase in 3 months
852,490
-5.6%
Passenger vehicles
10,516
-6.0%
12th consecutive month of y/y decrease
101,932
-18.0%
Mini vehicles
2,325
+17.2%
First y/y increase in 16 months
25,196
-11.3%
Japan sales total
12,841
-2.5%
12th consecutive month of y/y decrease
127,128
-16.7%
Export total *3
50,745
+3.3%
First y/y increase in 2 months
441,986
-1.7%
☆: October record
☆☆: Single-month record
－
Domestic production slightly decreased year-on-year, as production of Impreza, Subaru XV, and Levorg models declined, offsetting increased production of the Forester led by the launch of its fully-redesigned version.
－
Overseas production increased year-on-year boosted by production of the Ascent that started in May 2018.
－
Passenger vehicle sales decreased year-on-year, as last year’s momentum boosted by the fully-redesigned Impreza and SUBARU XV and the upgraded Levorg and WRX declined, offsetting strong sales of the all-new Forester.
－
Mini vehicle sales increased year-on-year, led by increased sales of the Sambar and the Chiffon.
－
Exports from Japan increased year-on-year, boosted by increased shipments of the all-new Forester to North America.
*1 JAMA (Japan Automobile Manufacturers Association Inc.) report basis (CBU).
*2 Local line-off basis.
*3 JAMA report basis.
###
[PDF/275 KB]
Fujitsu unveils 10Gbps single-panel 5G antenna
(Image: Fujitsu) Fujitsu Laboratories has unveiled a single-panel antenna designed to enable multiple 5G connections on a small, energy-efficient base station, saying it could be used across train stations and stadiums. The antenna provides speeds of more than 10Gbps across four simultaneous 2.5Gbps signals, using the millimetre-wave (mmWave) 28GHz 5G spectrum band, with 128 antenna… Continue reading Fujitsu unveils 10Gbps single-panel 5G antenna
Volkswagen planning new North America factory for electric vehicles
LOS ANGELES (Reuters) – Volkswagen VOWF_p.DE is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market, the German automaker’s new head for the Americas said on Wednesday. FILE PHOTO: Volkswagen logos during the media day of the Salao do Automovel International Auto Show in Sao Paulo,… Continue reading Volkswagen planning new North America factory for electric vehicles
Mazda Production and Sales Results for October 2018 (Flash Report)
2018/11/29 Production and Sales Mazda Motor Corporation’s production and sales results for October 2018 are summarized below. Note 1): Overseas production figures indicate Mazda-brand units coming off the production line (excluding CKD units). However, non-Mazda-brand passenger vehicles produced at the Mexico plant are included.Note 2): Global production figures are the sum total of domestic and… Continue reading Mazda Production and Sales Results for October 2018 (Flash Report)
Velodyne Lidar Sensors Power ThorDrive’s Trailblazing Autonomous Driving Commercial Vehicle Services – Business Wire
SAN JOSE, Calif.–(BUSINESS WIRE)–Utilizing Velodyne Lidar sensors, ThorDrive, a leading autonomous vehicle (AV) startup, is introducing commercial vehicle services in the first of many pilots. The kick-off event will be attended by local government and business leaders, including Mayor Liz Kniss of Palo Alto, Mike Jellen, President and CCO of Velodyne Lidar, and Seung-Woo Seo,… Continue reading Velodyne Lidar Sensors Power ThorDrive’s Trailblazing Autonomous Driving Commercial Vehicle Services – Business Wire
Audi’s e-tron GT concept is an all-electric sedan with some Porsche DNA
Audi is making room in its electric future for more than SUVs or crossovers. After a string of teasers, the German automaker finally unveiled the Audi e-tron GT concept, a four-door all-electric coupe that has some Porsche DNA sprinkled in and that looks a lot like the A7. Audi introduced the concept Wednesday during the… Continue reading Audi’s e-tron GT concept is an all-electric sedan with some Porsche DNA
Ford cuts shifts at factories in Kentucky and Michigan, but keeps jobs
Luke Sharrett | Bloomberg | Getty Images
An employee works on a Ford Expedition sports utility vehicle on the assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky.
Ford is cutting a shift at two of its plants, but the automaker is avoiding layoffs by moving workers to other facilities, the company said Wednesday.
The automaker is shifting about 500 workers from its Louisville Assembly plant to its Kentucky Truck Plant — both in Kentucky — to increase production of the Ford Expedition and Lincoln Navigator, which are both experiencing strong sales.
It will also move 500 jobs from its Flat Rock Assembly Plant to its Livonia Transmission plant, which makes transmissions for several vehicles, including its F-150 full-size pickup and the Ranger, a midsize pickup Ford is reintroducing after 8 years. Both plants are in Michigan.
Ford makes the Ford Escape and the Lincoln MKC, both compact crossover vehicles, at the Louisvile Assembly plant, and the Mustang sports car at Flat Rock.
Higher demand for pricey pickups and SUVs have helped automakers, particularly American ones, weather falling sales this year. Ford is especially strong in larger pickups and SUVs. Ford Expedition sales in October increased 36 percent from one year ago, while Lincoln Navigator rose more than 80 percent over the same month in 2017. At the same time, sales of the Escape fell 7 percent, the MKC 8.5 percent, and the Mustang 6 percent.
“Our collectively bargained contract provides for the placement of all members displaced by the shift reduction and, after working with Ford, we are confident that all impacted employees will have the opportunity to work at nearby facilities,” said United Auto Workers Union Vice President Rory Gamble.
General Motors came under fire this week after announcing it was winding down production at five plants in the U.S. and Canada and cutting 14,000 jobs. President Donald Trump was irate with GM, tweeting on Tuesday that he was “very disappointed” with the company and CEO Mary Barra for idling plants in Ohio, Michigan and Maryland.
“Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get,” Trump tweeted. He also threatened to cut all of the company's federal subsidies, following up on Wednesday with the announcement that the administration was studying all tariffs on cars imported to the U.S. because of the “G.M. event.”
WATCH: Ford is using bionic suits to help employees work safer
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6:24 PM ET Fri, 20 April 2018 | 02:20