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VOLKSWAGEN PLANT SHUTDOWNS
Volkswagen preparing staff for temporary plant closures, Bild reportsVolkswagen is alerting its staff about possible temporary plant shutdowns. An internal letter warns of potential disruptions. While current...- Tesla warns it could face retaliatory tariffsTesla has expressed concerns over potential retaliatory tariffs that could result from President Trump's aggressive use of tariffs. The com...
- Mercedes' top supplier survived Napoleon, the Great Depression & two world wars. But not the current auto slumpEurope's auto slump is crippling small manufacturers in the automotive supply chain. Gerhardi Kunststofftechnik GmbH, a long-time Mercedes ...
- Volkswagen, union extend crunch talks over plant closures and pay cutsVolkswagen and its labor union are locked in intense negotiations to avert plant closures and pay cuts. Progress has been made, but a deal ...
- Europe's embattled auto sector plans plant closures and layoffsSeveral automotive companies are announcing plant closures and layoffs in Europe. Companies like Valeo, Stellantis, Bosch, Ford, Michelin, ...
- Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeupThyssenkrupp Steel Europe will cut 11,000 jobs by 2030. The German steelmaker will also reduce production. The company blames cheaper Asian...
- Volkswagen union warns against plant closures, backs $1.6 billion cost cutsThe proposal comes a day ahead of a third round of crunch talks between workers and management over pay cuts and factory shutdowns in Germa...
- As Shanghai expands Covid-19 lockdown, life on hold in city of 26 millionChina's outbreak is small by global standards. But Shanghai, now accounting for three out of every four local asymptomatic cases across the...
- Showroom walk-ins few and far between, auto buying goes onlineWhile showroom walk-ins have been negligible, online enquiries have boomed. Most of the buying process has shifted online, from sending quo...
- Shortage of semi-conductors hit Indian shores, Ford India to shut the plant for a week“The impact of semiconductor shortage will continue through the quarter. The company is trying to streamline supplies but the global condit...
- Despite fresh lockdown measures in Pune, factories continue to ramp up to meet demandThe lockdown in Pune and Pimpri Chinchwad region has excluded the industrial belt of MIDC. Factories have been permitted to continue operat...
- As govt eases coronavirus lockdown conditions, factories to make muted start on subdued demandCarmakers, phone firms are set to begin production with output less than the usual level.
- Factories fire up in Europe to pull economy back from the abyssThe restart is crucial to pull the European economy out of a tailspin that’s forced governments to pledge hundreds of billions of euros to ...
- The clacking of Chinese plants returns as rest of world goes in Coronavirus quarantineEmployees are returning to work, production lines are starting to roll, even in epicenter of Wuhan.
- European stock market rebound fizzles as virus damage growsCompass tumbled 22.2 per cent and Volkswagen dropped 3 per cent.
- Global auto firms in a fix as Chinese units fail to reopenMajority of the automakers in China and their suppliers have manufacturing facilities spread all over the mainland and the severely affecte...
- Carmakers slam brakes on output as demand slowsThe slackening of demand was evident in retail sales, which dropped 15-35% for two-wheelers ahead of Diwali
- Maruti to retain focus on small cars for growth in India says MD & CEO, Kenichi AyukawaUnder the 57-year-old law graduate, India’s largest carmaker aims to diversify to different segments to hold on to its leadership position ...
- Chrysler expected to sell assets to FiatChrysler LLC is expected to file a motion on Saturday to sell substantially all of its assets to Italian automaker Fiat Group SpA
- Mexico gas line blasts force major factories to closeMore than 60 per cent of Mexico's steel production was halted and two major auto plants, including Volkswagen's only manufacturing facility...
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