CLOSE Regulators in Europe plan to take a longer look at the proposed merger of Fiat Chrysler Automobiles and the maker of Peugeot, raising concerns about the potential negative impact on competition. European Commission Executive Vice President Margrethe Vestager, in remarks posted on the commission’s website Wednesday, pointed specifically at the commercial van sector as… Continue reading European regulators plan longer investigation of FCA, PSA Group merger plans
Category: US Motoring Press
Ford offers 30,000 U.S. employees option to work from home until New Year’s
CLOSE Ford has released this video to its employees on face mask guidelines and returning to work. Detroit Free Press An estimated 30,000 salaried employees at Ford Motor Co. learned at a virtual staff meeting early Wednesday that they may choose whether to work from home full-time, return to the office full-time or create a blended schedule that… Continue reading Ford offers 30,000 U.S. employees option to work from home until New Year’s
GM CEO Mary Barra ‘cautiously optimistic’ on coronavirus recovery, consumer demand
General Motors CEO and Chairman Mary Barra told CNBC on Wednesday she is “cautiously optimistic” about consumer demand returning as well as a global economic recovery as businesses continue to reopen following shutdowns due to the coronavirus pandemic. “We’ve been pleasantly surprised how demand has come back,” she said in a “Squawk Box” interview. Barra said the company… Continue reading GM CEO Mary Barra ‘cautiously optimistic’ on coronavirus recovery, consumer demand
Demand spurs most Fiat Chrysler plants to skip summer shutdown
Most of Fiat Chrysler Automobiles NV’s plants in North America will not shut down for a week or two this summer after idling for two months earlier this year because of the novel coronavirus outbreak. The plants, which include Jefferson North Assembly in Detroit and Sterling Heights Assembly, will continue to run “in order to… Continue reading Demand spurs most Fiat Chrysler plants to skip summer shutdown
Ex-Audi manager sought by US in diesel case held in Croatia
Associated Press Published 12:53 p.m. ET June 17, 2020 Zagreb, Croatia – A former Audi engineering manager sought by the United States in a diesel emissions cheating scandal has been arrested in Croatia, the country’s Interior Ministry said Wednesday. Axel Eiser was arrested on an international warrant issued by the U.S. when he crossed into… Continue reading Ex-Audi manager sought by US in diesel case held in Croatia
EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition
A four-month antitrust investigation launched by the executive brand of the European Union on Wednesday into the pending merger between Fiat Chrysler Automobiles NV and French rival Groupe PSA should not affect the companies’ goal to close their transaction by the end of March 2021, the automakers said. The probe is a setback for the… Continue reading EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition
GM closed the Lordstown plant. Now Ohio may force $60M repayment
CLOSE A banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors’ Lordstown plant Nov. 27, 2018, in Lordstown, Ohio. (Photo: John Minchillo/Associated Press) This story was originally published by ProPublica. The state of Ohio has put General Motors on notice that it may be forced to repay more than $60 million… Continue reading GM closed the Lordstown plant. Now Ohio may force $60M repayment
Future uncertain for new Ford Edge as company heads into labor talks in Canada
CLOSE Ford’s sporty midsize SUV boasts 335 hp, twin-turbo V6, automatic emergency braking and more. Wochit Plans to build a next-generation Ford Edge crossover have been shelved, according to an automotive forecaster who provides consulting and analytical data to automakers, suppliers and financial institutions. “We have confirmed the information from multiple sources within the industry,” Sam Fiorani, vice president… Continue reading Future uncertain for new Ford Edge as company heads into labor talks in Canada
Emails: Ghosn takedown motivated by effort to stop Nissan, Renault integration
Carlos Ghosn always said he was set up. Now there’s some evidence to support his claim. According to people familiar with what happened and previously unreported internal correspondence, the campaign by top Nissan Motor Co. executives to dethrone one of the most celebrated leaders in the automotive industry started almost a year before Ghosn’s arrest… Continue reading Emails: Ghosn takedown motivated by effort to stop Nissan, Renault integration
GM CEO Barra hints at new product, promises full production soon
CLOSE Mary T. Barra, chairman and CEO of General Motors (Photo: Stephanie Keith/Getty Images) General Motors CEO Mary Barra plans more visits to factories to ensure worker safety, hinted at new products coming and driving the growth of electric vehicles. She also assured workers there are no job cuts anticipated. Barra made the comments on the eve… Continue reading GM CEO Barra hints at new product, promises full production soon