Fiat Chrysler Automobiles NV on Monday said it is delaying indefinitely its plans to resume vehicle production in North America. It previously said it would progressively ramp up manufacturing starting May 4. “In light of the updated state stay in place orders, the Company is re-evaluating its plans to resume its North American operations and… Continue reading Fiat Chrysler ‘re-evaluating’ May 4 resumption date
Tag: Ford
Ford set to restart main European car factories on Monday 4 May
Automotive industry Production will begin slowly with UK plants remaining shut until later in the spring An employee works on the production line at the Ford plant in Saarlouis, Germany, in 2007. It is set to reopen on Monday 4 May. Photograph: Ralph Orlowski/Getty Images Ford said it would restart its main European car factories… Continue reading Ford set to restart main European car factories on Monday 4 May
Tesla’s Musk nears $750 million options payday ahead of results
OAKLAND, Calif. (Reuters) – Tesla Inc Chief Executive Elon Musk is on the cusp of a roughly $750 million payday as the electric carmaker’s stock recovers from a slump caused by the coronavirus, which led the company to close its factories and furlough workers. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on… Continue reading Tesla’s Musk nears $750 million options payday ahead of results
GM, Ford grab attention of ’60 Minutes’ and White House – Detroit Free Press
CLOSE General Motors and Ford Motor Co. have gone from building cars to making medical gear. That’s not an easy shift for automakers to pull off and it is getting the attention of CBS’s “60 Minutes” and the White House. The automakers will be featured on “60 Minutes” this Sunday, detailing how they switched gears to help the country… Continue reading GM, Ford grab attention of ’60 Minutes’ and White House – Detroit Free Press
Press Releases – Motor vehicle taxation brings in €440.4 billion for governments in major European markets
Brussels, 28 April 2020 – New data shows that motor vehicles generate more than €440 billion in taxation for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand… Continue reading Press Releases – Motor vehicle taxation brings in €440.4 billion for governments in major European markets
GM, Ford and Fiat Chrysler target May 18 U.S. restart date: WSJ
FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show, Belgium January 9, 2020. REUTERS/Francois Lenoir (Reuters) – General Motors Co (GM.N), Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCAU.N) are targeting May 18 to resume some production at their U.S. factories after shutting down plants in March due to… Continue reading GM, Ford and Fiat Chrysler target May 18 U.S. restart date: WSJ
Automakers plan to restart factories in early May. UAW says not so fast
Olkswagen, Toyota, Hyundai and Fiat Chrysler are preparing to restart production at factories in the US that have been shut down due to the coronavirus pandemic come early May.The union represents factory workers at US-based automakers, GM, Ford and Fiat Chrysler (FCAU).The UAW is still in talks with GM, Ford and Fiat Chrysler over the safest way to reopen factories.
Ford CEO Jim Hackett’s ability to navigate COVID-19 storm rooted in Bo’s team-first belief – The Detroit News
Long before Jim Hackett became CEO and president of Ford Motor Company, his leadership ability had started taking shape during his football career at Michigan. While there in the late 1970s, he learned from his coach, Bo Schembechler, and “The Team, The Team, The Team,” went beyond a rallying cry and became deeply embedded in his soul.… Continue reading Ford CEO Jim Hackett’s ability to navigate COVID-19 storm rooted in Bo’s team-first belief – The Detroit News
Honda closure creates painful ripple effect – Dayton Daily News
Honda is one of the biggest automakers and employers in Ohio and its cessation of production in late March has had painful ripple effects. Most recently, Green Tokai in Brookville temporarily furloughed workers, the company told the Ohio Department of Job and Family Services in a letter dated Thursday. “It is our intention to reopen… Continue reading Honda closure creates painful ripple effect – Dayton Daily News
UAW opposes early May restart to auto production
United Auto Workers President Rory Gamble doesn’t want auto plants to reopen early next month, despite efforts by the Detroit Three to get plants ready for a restart as early as May 4. “At this point in time, the UAW does not believe the scientific data is conclusive that it is safe to have our members back… Continue reading UAW opposes early May restart to auto production