Tag: Ford

Honda, Nissan to stop paying furloughed workers at US plants

Shiho Takezawa and Chester Dawson, Bloomberg Published 3:00 p.m. ET April 7, 2020 | Updated 3:02 p.m. ET April 7, 2020 Honda Motor Co. and Nissan Motor Co. will temporarily stop paying workers laid off from their idled U.S. plants as the coronavirus stifles demand for cars and trucks. The two Japanese companies on Tuesday… Continue reading Honda, Nissan to stop paying furloughed workers at US plants

Fiat Chrysler pushes back manufacturing restart to May 4

Fiat Chrysler Automobiles plans to restart its production plants on May 4. The announcement Monday caps speculation that the plants would remain closed longer than initially envisioned as the COVID-19 outbreak has continued to expand. FCA, which has experienced numerous deaths related to the coronavirus, said employee health is a top priority. The Free Press… Continue reading Fiat Chrysler pushes back manufacturing restart to May 4

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

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

Qcraft raises over $24 million to train autonomous vehicle systems in simulation – VentureBeat

Qcraft, a robotics startup focused on autonomous vehicle (AV) development, this morning announced it has raised over $24 million in seed funding. (A spokesperson wouldn’t disclose the exact amount, but said it’s in the “dozens of millions.”) The company says it will use the capital to further develop its large-scale intelligent simulation platform, which generates… Continue reading Qcraft raises over $24 million to train autonomous vehicle systems in simulation – VentureBeat

Ford CEO Jim Hackett earns $17.4M in 2019, executive team gets pay raises

CLOSE Ford CEO Jim Hackett received total compensation of nearly $17.4 million in 2019, slightly down from nearly $17.8 million in 2018, according to documents the company released Friday. The Dearborn-based carmaker reported Hackett’s pay was 157 times more than the median compensation for all U.S.-based Ford employees. Jim Hackett, CEO of Motor Company, is pictured here… Continue reading Ford CEO Jim Hackett earns $17.4M in 2019, executive team gets pay raises

Ford CEO Jim Hackett received $17.36 million in compensation in 2019

Ford Motor Co. CEO Jim Hackett in 2019 received $17.36 million in total compensation, the Dearborn automaker reported in a Friday filing with the Securities and Exchange Commission. Hackett’s income last year, his second full year as CEO, fell 2.2% from the $17.75 million the chief executive was paid in 2018. While Hackett’s base salary was steady at $1.8 million and his stock awards were… Continue reading Ford CEO Jim Hackett received $17.36 million in compensation in 2019

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