Tag: FCA

2,000 contract workers let go at Fiat Chrysler as automakers hunker down

Almost 2,000 contract workers across North America at Fiat Chrysler Automobiles will be out of a job as projects are paused, another indication of the pressure the auto industry is under amid the coronavirus pandemic. General Motors Co. and Ford Motor Co., meanwhile, are borrowing billions from existing credit facilities to ensure financial flexibility as… Continue reading 2,000 contract workers let go at Fiat Chrysler as automakers hunker down

UPDATE 2-Ford plans to resume production at some North American plants in April

DETROIT (Reuters) – Ford Motor Co (F.N) said on Thursday it planned to restart production at some plants in North America as early as April 6, bringing back its most profitable vehicles at a time when U.S. demand has slumped and the No. 2 U.S. automaker is conserving cash to survive the coronavirus pandemic. The… Continue reading UPDATE 2-Ford plans to resume production at some North American plants in April

Roush shuts its doors after 2 workers test positive for coronavirus

Roush Enterprises has shuttered its facility in Allen Park after two employees there tested positive for COVID-19/coronavirus. The facility, called B9, is located on Southfield Road. It has been closed since Tuesday, CEO Evan Lyall told employees in a company email. Roush, based in Livonia, engineers and manufactures high performance components for cars often used in street and competitive racing. … Continue reading Roush shuts its doors after 2 workers test positive for coronavirus

FCA distribution center worker in Center Line tests positive for coronavirus

CLOSE The U.S. Centers for Disease Control and Prevention former director Tom Frieden said the response to the pandemic is missing guidance from the CDC. USA TODAY Officials at Fiat Chrysler Automobiles sent home the few remaining workers at the MOPAR parts distribution center in Center Line on Wednesday morning after at least one employee tested… Continue reading FCA distribution center worker in Center Line tests positive for coronavirus

Auto suppliers fear financial ruin as GM, Ford and FCA grind to a halt

CLOSE Following Michigan Governor Gretchen Whitmer’s “stay home” order to try and slow the spread of the coronavirus, Detroit streets were eerily empty. Detroit Free Press About 4:30 p.m.  last Wednesday the employees at auto supplier Dana Inc. in Warren received an unsettling text message from management. The text, obtained by the Free Press read, “We are well… Continue reading Auto suppliers fear financial ruin as GM, Ford and FCA grind to a halt

Almost 2,000 contract employees out of work after Fiat Chrysler suspends projects

Almost 2,000 supplemental contract employees at Fiat Chrysler Automobiles are out of work across North America as the automaker pauses some of its development projects because of financial burdens caused by the coronavirus pandemic. The decision comes as the automaker halts production at its manufacturing plants on the continent and in other countries. Meanwhile, a stay-at-home… Continue reading Almost 2,000 contract employees out of work after Fiat Chrysler suspends projects

@FCA: Moody’s places FCA N.V.’s rating under review with direction uncertain

Moody’s places FCA N.V.’s rating under review with direction uncertainMoody’s Investors Service communicated todaty that it has placed the “Ba1” Corporate Family Rating on FCA N.V and the “Ba2” ratings on the senior unsecured instruments issued or guaranteed by FCA N.V under review with direction uncertain.London, 25 March 2020AttachmentMoody’s places FCA N.V.’s rating under review… Continue reading @FCA: Moody’s places FCA N.V.’s rating under review with direction uncertain

Kia Motors may make face masks at China factory to fight coronavirus

SEOUL, March 25 (Reuters) – South Korea's Kia Motors Corp is considering making face masks at its Chinese factory to help battle the spread of the coronavirus, a spokesman said on Wednesday.
The announcement follows a similar move by Fiat Chrysler , whose CEO Mike Manley said earlier this week that one of the group's plants in Asia would be converted to produce face masks for healthcare workers and would reach a target of one million masks per month in coming weeks.
Kia could make masks at its Yancheng plant after the Chinese government encouraged carmakers to do so, the spokesman said. He declined to comment on possible timing or any manufacturing target.
Kia has suspended production at its Georgia plant in the United States, its Slovakia site and operations in India due to the coronavirus pandemic.

Kia to suspend U.S. plant until mid-April amid virus fears

By Choi Kyong-ae SEOUL, March 25 (Yonhap) — Kia Motors Corp., South Korea’s second-biggest automaker, said Wednesday it will suspend its U.S. plant until mid-April to prevent the spread of the coronavirus outbreak. Kia already halted its factory in Georgia once from March 19-20 (local time) due to a lack of engines assembled and delivered… Continue reading Kia to suspend U.S. plant until mid-April amid virus fears