Hackett was abruptly named as CEO in response to investors’ growing unease about the US automaker’s slumping stock price and its ability to counter threats from longtime automotive rivals and upstarts in Silicon Valley. DETROIT: Ford Motor Co Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $16.3 million in 2017, while… Continue reading Ford CEO Jim Hackett earned $16.3 million as profit dropped
Tag: Manufacturing
GAC Motor Makes Great First Impression at NADA to Inspire North American Dealer Partners with Successful Dealer Gathering
LAS VEGAS, March 30, 2018 /PRNewswire/ — GAC Motor, China’s fastest-growing automaker, made a strong first impression with North American auto dealers with a successful debut at the National Automobile Dealers Association Show (NADA). The company showcased a star lineup of best-selling vehicles and held a dealer gathering to attract solid dealer interest for the… Continue reading GAC Motor Makes Great First Impression at NADA to Inspire North American Dealer Partners with Successful Dealer Gathering
Magna celebrates two milestones in China
SHANGHAI, China, October 27, 2016, – Magna International Inc., celebrated start of mass production of the new 3rd generation dual-clutch transmission 7DCT300 at its joint venture plant with Jiangling Motors Co., Group in Nanchang.
Tesla Is Using Too Much Autonomation In Model 3 Manufacture, Some Analysts Say
Analysts claim that Tesla’s automation is crippling its attempts to scale production of its mass-market electric car Is the Tesla Model 3 depending too heavily on automation? According to Techcrunch, Wall Street analysts Max Warburton and Toni Sacconaghi say yes. They claim that the luxury electric car’s overuse of automation is causing their difficulties with… Continue reading Tesla Is Using Too Much Autonomation In Model 3 Manufacture, Some Analysts Say
Jaguar’s all-electric I-Pace is quick, agile and stylish
Jaguar introduced its low-slung pure electric crossover way back in 2016 at the Los Angeles Auto Show. Since then, it keeps popping up at car events while the automaker slowly doles out information on it. While we wait for the vehicle to make its way into mass production, we were able to take a pre-production… Continue reading Jaguar’s all-electric I-Pace is quick, agile and stylish
Tesla Urges Workers to Prove the ‘Haters’ Wrong and Ramp Up Production
Tesla Inc. is pulling out all the stops to hit its production goals, giving a limited number of workers the option to work on the crucial Model 3 line instead of other vehicles and appealing to their competitive spirit to disprove the doubters. The Elon Musk-led carmaker will suspend Model S and Model X production… Continue reading Tesla Urges Workers to Prove the ‘Haters’ Wrong and Ramp Up Production
New Track Pack Puts McLaren 570S Spider in Pole Position for Circuit Performance
29 Mar 2018 McLaren 570S Spider: a convertible without compromise and dynamic equal of 570S Coupé Track Pack specification brings together the most desirable lightweight options for 570S Spider purchasers wanting to enjoy their new McLaren on circuits Follows success of 570S Coupé Track Pack, which accounts for more than 10% of Coupé sales Options… Continue reading New Track Pack Puts McLaren 570S Spider in Pole Position for Circuit Performance
Hyundai streamlines governance structure for M&As, build up core business
SEOUL, March 29 (Yonhap) — Hyundai Motor Group’s plan to streamline its governance structure among affiliates will pave the way for future mergers and acquisitions and help it focus on its mainstay car manufacturing business, local analysts here said Thursday. On Wednesday, the country’s biggest carmaker announced it will spin off the module manufacturing and… Continue reading Hyundai streamlines governance structure for M&As, build up core business
Renault shares leap after Nissan merger report
Shares in Renault hit levels not seen for more than a decade on Thursday following a report the French brand is to merge with Nissan. The two companies, which have operated an alliance since 1999, would form a new, single, listed company under the plans being discussed, according to the Bloomberg financial news service which… Continue reading Renault shares leap after Nissan merger report
The key questions on the attempted hostile takeover of GKN
The war of words is almost over as GKN shareholders have until Thursday lunchtime to decide if they back GKN’s board or a new future under Melrose. But just what is at stake? :: What is GKN? GKN is the third-largest engineering company in the FTSE 100 after BAE Systems and Rolls-Royce. It is also… Continue reading The key questions on the attempted hostile takeover of GKN