DETROIT (Reuters) – U.S. truck leasing and rental company Ryder System Inc said on Tuesday it is launching an asset-sharing platform for commercial vehicles, paving the way for owners to rent out under-utilized vehicles from vans to big rigs the same way consumers use apps to share cars and homes. Ryder has been testing its… Continue reading Ryder launches asset-sharing platform for commercial vehicles
Tag: Financial Results
Opel plans voluntary redundancy payments for German employees
Already last year, Opel had introduced austerity measures. Now the crisis-ridden company wants to pay German employees up to 275,000 euros – if they go voluntarily. REUTERS / Opel Opel boss Michael Lohscheller Tuesday, 27.03.2018 18:21 clock The automaker Opel has launched a voluntary severance package for his German employees. Opel boss Michael Lohscheller said… Continue reading Opel plans voluntary redundancy payments for German employees
General Motors says S.Korean unit will file for bankruptcy if no union concessions by April 20
General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not agree to cut labour costs by April 20, heaping pressure on workers and the South Korean government to swiftly agree a rescue plan. The U.S. automaker announced in February it would shut down one of its four factories in… Continue reading General Motors says S.Korean unit will file for bankruptcy if no union concessions by April 20
Op-Ed Contributor: New Leadership Has Not Changed Uber
Recently I asked a colleague why he used Uber. He said that the bus would cost $2.25, and Uber would cost about $5. So I asked him, “What if the price for Uber was $10?” He said he would take the bus. So because he was only paying half the cost of the ride, he… Continue reading Op-Ed Contributor: New Leadership Has Not Changed Uber
Dana Offers Superior Value to GKN Shareholders
MAUMEE, Ohio, March 27, 2018 /PRNewswire/ — With a pending deadline for GKN shareholders to determine the future of their company, Dana Incorporated (NYSE: DAN) outlines below why it firmly believes its proposed combination with GKN Driveline offers superior value to GKN shareholders. Only this combination offers: Significant Shareholder Value Increased cash payment by 8.6… Continue reading Dana Offers Superior Value to GKN Shareholders
News Release – Magna Celebrates Grand Opening at South Carolina Seat Facility
Please click HERE for a PDF version of the release. First BMW Group seat programs in Magna’s history Plant to expand, create additional jobs Magna’s fourth manufacturing plant in South Carolina AURORA, Ontario, March 26, 2018 (GLOBE NEWSWIRE) — For the first time in its history Magna will supply seats to the BMW Group. Company… Continue reading News Release – Magna Celebrates Grand Opening at South Carolina Seat Facility
Nissan starts new program to replace old LEAF battery packs
Nissan is launching a new program today to replace old LEAF battery packs with “refabricated” packs at a discount over new packs. Home Solar Power Electric car battery packs inevitably lose some of their capacity over time after some use. It’s generally fairly limited to a few percentage points, but when it comes to the Nissan… Continue reading Nissan starts new program to replace old LEAF battery packs
Dana Increases Cash Consideration for GKN Driveline by £100 million
MAUMEE, Ohio, March 26, 2018 /PRNewswire/ — In support of strong investor interest in its combination with GKN Driveline, Dana Incorporated (NYSE: DAN) announced today that it has improved the terms of its agreed combination and will also double the size of its share repurchase program. Dana has increased the cash element of consideration by… Continue reading Dana Increases Cash Consideration for GKN Driveline by £100 million
Ford’s Lincoln Looks to SUVs for Salvation
Just two years after Ford Motor Co. bet the revival of its Lincoln luxury line on the return of the Continental sedan, it’s reversing course and going all in on sport utility vehicles instead. Despite its retro Rat Pack allusions and elegant evocation of Bentley styling, the Continental didn’t sell as expected. Sales are down… Continue reading Ford’s Lincoln Looks to SUVs for Salvation
Hyundai union head fears GM-like crisis; says electric cars destroy jobs
ULSAN:Hyundai Motor‘s union chief warned its workers may face a similar crisis to the one hitting General Motors‘ South Korean unit as sales in key markets slide, adding that electric cars were ‘evil’ and will destroy jobs. South Korea’s auto industry, known for its robust unions whose workers tend to be paid more and have… Continue reading Hyundai union head fears GM-like crisis; says electric cars destroy jobs