But low to moderate gas prices have propelled robust sales of large pickup trucks such as the 2016 Ford F-150 pickup that improved its fuel economy from the prior generation by using aluminum body panels. (Photo: Ford Motor Company) Ford Motor Co. said Wednesday afternoon that its year-end earnings were down slightly from analyst projections due… Continue reading Ford UAW workers will get $7,500 profit-sharing checks
Tag: Brexit
Jaguar Land Rover to cut production at Halewood plant
Jaguar Land Rover has announced its intention to trim Range Rover Evoque and Discovery Sport production, citing challenges facing the auto industry, including Brexit. The UK’s largest car manufacturer said it would adjust output at its Halewood plant on Merseyside between March and June despite a record year of sales for the company worldwide in… Continue reading Jaguar Land Rover to cut production at Halewood plant
JLR cuts Land Rover production amid diesel uncertainty
Jaguar Land Rover will cut production of some vehicles amid uncertainty over Brexit and changes to taxes on diesel cars. The company will temporarily scale back output of the Discovery Sport and Range Rover Evoque models later this year. Last week, JLR said its global sales hit a record in 2017, but that the UK… Continue reading JLR cuts Land Rover production amid diesel uncertainty
Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union
The head of Peugeot and Citroen (PSA) has met with Vauxhall union bosses for a “frank exchange” of ideas, as the French company weighs up how it will integrate the British brand into its portfolio of companies. The Unite union’s general secretary, Len McCluskey, said the meeting with Carlos Tavares, PSA’s chief executive, was “constructive”, and Tavares repeated his… Continue reading Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union
Jaguar Land Rover to cut output due to Brexit, diesel uncertainty to hit sales
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars. Jaguar Land Rover’s sales in Britain and Europe were flat in 2017 and it expects tough… Continue reading Jaguar Land Rover to cut output due to Brexit, diesel uncertainty to hit sales
UPDATE 1-Peugeot CEO: U.K. plants uncompetitive, open to S. America alliance
(Adds background, further comments from Tavares, paragraphs 2-7) By Joseph White Jan 18 (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Thursday he planned to meet next week with the automaker’s UK unions and government officials to discuss the future of Peugeot’s Vauxhall plant, where Tavares said production costs are twice those of… Continue reading UPDATE 1-Peugeot CEO: U.K. plants uncompetitive, open to S. America alliance
Ford Cutting Loose From Cars After Years of Missing Margin Goal
Ford Motor Co., the more than century-old company that was first to make cars for the masses, is calling off its pursuit of everyman sedan buyers. The company responsible for putting the world on wheels with Henry Ford’s then-innovative assembly line will pivot away from being a full-line automaker, shrinking its passenger-car lineup and shifting… Continue reading Ford Cutting Loose From Cars After Years of Missing Margin Goal
Brexit ‘could cost 14,000 jobs’ at German car suppliers
The UK is the largest export market for German car suppliers in Europe, with 18 percent of auto parts used in British factories coming from Germany — the home of industry giants Bosch, Continental and ZF Friedrichshafen.Frankfurt am Main: A worst-case Brexit scenario could put thousands of jobs at risk at German car parts suppliers,… Continue reading Brexit ‘could cost 14,000 jobs’ at German car suppliers
Vauxhall cuts further 250 jobs at Ellesmere Port factory
Vauxhall is to cut a further 250 jobs at its plant in Cheshire as it slashes production of the Astra. The carmaker, sold to Peugeot owner PSA by General Motors last year, said the losses would be on top of 400 redundancies announced in October as it moves to a single daily manufacturing shift from… Continue reading Vauxhall cuts further 250 jobs at Ellesmere Port factory
Vauxhall axes 250 more jobs at Ellesmere Port plant
Vauxhall’s Ellesmere Port car plant, where the Astra is built. Photograph: Christopher Thomond for the Guardian Vauxhall Vauxhall axes 250 more jobs at Ellesmere Port plant Car manufacturer announces further cuts at Wirral site, where Astra is made, bringing total number of job losses to 650 Car manufacturer Vauxhall is to cut another 250 jobs… Continue reading Vauxhall axes 250 more jobs at Ellesmere Port plant