CLOSE Listen to the calls to Eaton County Dispatch during the Meridian Magnesium fire. Laura Mazade, Lansing State Journal Firefighters wait for magnesium to burn out at a fire in Meridian Magnesium Products of America in Eaton Rapids, Wednesday morning, May 2, 2018. (Photo: Matthew Dae Smith, Lansing State Journal) Ford said late Friday it… Continue reading Ford hopes to restart F-150 lines next week; supplier describes heavy damage
Tag: Daimler
Ford Production Ills Infect Fiat-Chrysler, General Motors
Ford isn’t the only automaker to be burned by the fire at the plant of its supplier, which feeds parts to FCA and GM in addition to the Blue Oval. Bill Pugliano—Getty Images Last week, in Eaton Rapids, Michigan, a fire and explosion forced an evacuation of a Meridian Magnesium Products of America plant. The… Continue reading Ford Production Ills Infect Fiat-Chrysler, General Motors
German regulator says Geely’s Daimler stake needed earlier disclosure -report
FRANKFURT (Reuters) – German markets regulator BaFin has found that transactions to buy a 9.69 percent Daimler stake on behalf of Geely chairman Li Shufu did not meet German disclosure rules, Germany’s Frankfurter Allgemeine Zeitung said. Investment bank Morgan Stanley should have disclosed its transactions on Feb. 22, 2018 rather than on Feb. 23, Frankfurter… Continue reading German regulator says Geely’s Daimler stake needed earlier disclosure -report
Daimler: Geely threatens million fine for Daimler entry
Li Shufu The Geely founder is a major shareholder at Daimler. (Photo: obs) Dusseldorf / Frankfurt Negotiations on large deals are often sealed only in the early morning hours. That was the beginning of the Chinese automaker Geely at Daimler not otherwise. By the evening of February 22, the negotiations were well advanced. There left… Continue reading Daimler: Geely threatens million fine for Daimler entry
Geely threatens fine in the millions
With a spectacular coup Geely became a major shareholder of Daimler. But the Chinese automaker is said to have reported its involvement of the Financial Services Authority too late. A delicate punishment threatens. Geely owner Li Shufu and Daimler CEO Dieter Zetsche Saturday, 12.05.2018 14:23 clock Due to missed registration deadlines at the Daimler entry,… Continue reading Geely threatens fine in the millions
CORRECTED-UPDATE 1-Ford could reopen two U.S. truck plants next Friday -source
(Reuters) – Ford Motor Co (F.N) could resume production of its best-selling F-150 pickups as early as Friday, May 18 in Dearborn and Kansas City, according to a source familiar with the automaker’s plans. FILE PHOTO: A 2018 Ford F-150 “King Ranch” pickup truck is displayed during the North American International Auto Show in Detroit,… Continue reading CORRECTED-UPDATE 1-Ford could reopen two U.S. truck plants next Friday -source
Mercedes says parts shortages cause Alabama SUV production halt
May 11 (Reuters) – Mercedes-Benz said on Friday that SUV production at its Alabama plant stopped on Thursday because of parts shortages after a supplier fire last week in Michigan. Mercedes said the Alabama plant will reopen next week on a “modified production schedule.” (Reporting by Paul Lienert in Detroit; editing by Jonathan Oatis) Go… Continue reading Mercedes says parts shortages cause Alabama SUV production halt
Ford F-150 pickup supplier had trail of safety violations before explosion hit plant
Phoebe Wall Howard, Nathan Bomey, Justin A. Hinkley and Eric Lacy, USA TODAY Network Published 11:51 a.m. ET May 11, 2018 Autoplay Show Thumbnails Show Captions Last SlideNext Slide Firefighters wait for magnesium to burn out at a fire in Meridian Magnesium Products of America in Eaton Rapids, Michigan, Wednesday morning, May 2, 2018. (Photo:… Continue reading Ford F-150 pickup supplier had trail of safety violations before explosion hit plant
UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
55 new models between 2018 and 2022: electric cars – Volkswagen is announcement world champion
All articles and backgrounds 05/11/2018 55 new models between 2018 and 2022 Electric cars – Volkswagen is announcement world champion Is the electromobility the future of auto industry? At least one big automaker seems to have decided on it: like the graphics of Statista shows, Volkswagen has by far the most new electric car models… Continue reading 55 new models between 2018 and 2022: electric cars – Volkswagen is announcement world champion