Amid Unprecedented Challenges, Ted Ogawa Assumes Role as Toyota Motor North America Chief When Ted Ogawa was announced as Toyota Motor North America’s (TMNA) new president and CEO earlier this year, he didn’t know he’d be stepping directly into an unprecedented crisis. But there was Ogawa on April 1 – his first day on the… Continue reading @Toyota: Steadfast Confidence in Perilous Times
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@Toyota: Adjustments to Domestic Production (as of April 15)
Due to the effects of COVID-19 on the current market and the decline in demand of new vehicles globally, Toyota intends to make gradual adjustments in production operations at all plants for completed vehicles in Japan, starting from May 1. Specifically, we have decided to halt production for two days, on May 1 and 11,… Continue reading @Toyota: Adjustments to Domestic Production (as of April 15)
First quarter 2020 results
Amsterdam, the Netherlands, 15 April 2020 7:00 AM CEST FINANCIAL SUMMARY FIRST QUARTER 2020 Group revenue decreased by 23% to €131 million (Q1 ’19: €170 million) Location Technology revenue of €91 million (Q1 ’19: €103 million) Automotive operational revenue decreased by 2% to €85 million (Q1 ’19: €87 million) Free cash flow is an inflow… Continue reading First quarter 2020 results
Michelin and Enviro partner to develop an innovative technology to transform used tires into raw materials
Michelin and Enviro partner to develop an innovative technology to transform used tires into raw materials For the tire industry and its customers, recycling is a major issue. Each year, about 1 billion tires reach the end of their life. Thanks to this recycling technology, tires considered as used give birth to new quality raw… Continue reading Michelin and Enviro partner to develop an innovative technology to transform used tires into raw materials
Press Releases – COVID-19: Automotive industry signs joint Code of Business Conduct to support re-start of production
Brussels, 15 April 2020 – CLEPA (the European Automotive Suppliers’ Association) and ACEA (the European Automobile Manufacturers’ Association) have jointly adopted a ‘Code of Business Conduct in view of COVID-19’ to support a rapid and smooth restart of the automotive industry. The automotive eco-system resembles an intricate clockwork and today’s unprecedented standstill of operations risks… Continue reading Press Releases – COVID-19: Automotive industry signs joint Code of Business Conduct to support re-start of production
Kongsberg Automotive – Investor Presentation April 2020
Tue, Apr 14, 2020 21:43 CET Kongsberg Automotive ASA has, as announced 8 April 2020, summoned for an Extraordinary General Meeting to be held 30 April 2020 for inter alia approval of proposals for an increase of the share capital by directed placement, a convertible loan and a subsequent “repair” emission of shares. Kongsberg Automotive… Continue reading Kongsberg Automotive – Investor Presentation April 2020
Auto parts maker Marelli, unions agree measures to enable return to work
MILAN (Reuters) – Auto parts maker Marelli and unions agreed on Wednesday on a package of health and security measures to allow the company to gradually resume its Italian operations when Rome eases lockdown restrictions, they said in separate statements. The Italian government last week extended until May 3 nationwide limits on movements and manufacturing… Continue reading Auto parts maker Marelli, unions agree measures to enable return to work
ZF Partners with Detroit Sewn to Manufacture 100,000 Face Masks for Community
Developed for frontline healthcare workers and individuals in the community with high risk for infection, such as soup kitchens, nursing homes and other essential organizations, these masks will contribute to the fight against the contagion as ZF shifts production of some of its normal automotive safety products to this now critically needed item. “The world… Continue reading ZF Partners with Detroit Sewn to Manufacture 100,000 Face Masks for Community
General Motors says will make 1.5 mln masks a month in Mexico
FILE PHOTO – The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. REUTERS/Rebecca Cook MEXICO CITY (Reuters) – General Motors Co will begin producing 1.5 million face masks a month at its plant in the Mexican city of Toluca at the end of April,… Continue reading General Motors says will make 1.5 mln masks a month in Mexico
@GM: First General Motors-Ventec Critical Care V+Pro Ventilators Ready for Delivery KOKOMO, Ind. , April 14, 2020 /PRNewswire/ — General Motors Co. (NY…
KOKOMO, Ind., April 14, 2020 /PRNewswire/ — General Motors Co. (NYSE: GM) today began mass production of the Ventec Life Systems V+Pro critical care ventilator under contract to the U.S. Department of Health and Human Services. “Thousands of men and women at GM, Ventec, our suppliers and the Kokomo community have rallied to support their… Continue reading @GM: First General Motors-Ventec Critical Care V+Pro Ventilators Ready for Delivery KOKOMO, Ind. , April 14, 2020 /PRNewswire/ — General Motors Co. (NY…