Japanese automaker Nissan Motor’s cash situation is “tough” as the coronavirus pandemic has damaged car sales, and the automaker must be careful in the coming months as a second wave of infections may add to liquidity issues, CEO Makoto Uchida informed Reuters on Thursday. “With the coronavirus situation, our cash liquidity is quite tough,” Uchida […]
Coronavirus
PSA to produce surgical masks at Mulhouse site in France
French automaker PSA said on Thursday that it would start producing surgical masks at its site in Mulhouse, located in eastern France from August. The automaker said it would have a production capacity in the country of 10 million masks per month. The training of teams committed to this project will be organized from June […]
Nissan to reportedly close Barcelona auto plant
Japanese automaker Nissan Motor will close its factory in Barcelona, Spain. The move will result in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources. The automaker is set to announce restructuring steps under a new three-year business plan on Thursday. The government and automakers had enforced shutdowns […]
Nissan to start resuming of U.S. auto plants on June 1
Japanese automaker Nissan Motor stated on Wednesday it prepares to start resuming its closed U.S. auto manufacturing operations from June 1. Nissan’s vehicle assembly plant located in Canton, Mississippi and powertrain plant in Decherd, Tennessee plant to restart production on June 1, followed by its Smyrna, Tennessee vehicle assembly plant on June 8. The Infiniti […]
Renault and Nissan rule out merger as they reveal survival plan
Renault, Nissan Motor and Mitsubishi Motors have ruled out a merger on Wednesday and doubled down on a strategy to cooperate more closely on auto production in order to save costs and salvage their troubled alliance. The automakers have been hit hard by the coronavirus pandemic just as they were attempting to rework their partnership […]
BMW to restart plant in San Luis Potosi, Mexico on May 27
German carmaker BMW said on Tuesday it would start a gradual restart of operations at its plant located in the central Mexican state of San Luis Potosi on Wednesday, May 27. The company made the announcement in a statement, according to Reuters. The government and automakers had enforced shutdowns of factories to control the spread […]
Volkswagen Mexico won’t talk of resuming the plant while state decree in place
German automaker Volkswagen stated on Monday it had fulfilled federal requirements to restart production in Mexico but would not make declarations about renewing operations as long as a decree in the state of Puebla remains in effect. The government of Puebla, where the automaker and its luxury brand unit Audi have major plants, stated on […]
Renault could close plants and cut jobs this week
French automaker Renault could reveal job cuts and plants closures on Thursday as the company looks to converse 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT stated on Monday. Renault has called for a meeting with unions on Thursday over its cost-saving plans, the representative stated. “This is when the […]
GM delays resuming second shift at three North American truck plants
General Motors is postponing the resumption of second shifts at truck assembly plants located in Michigan, Indiana and Mexico due to a lack of parts from Mexico, a person knowledgeable about the matter said. The automaker, which restarted production on Monday after suspending operations in March due to the spread of the coronavirus pandemic, will […]
Hertz files for bankruptcy protection as coronavirus hits business
Hertz, which started with a fleet of some Ford Model T’s a century ago and became one of the world’s largest auto rental companies, has filed for bankruptcy protection on Friday as the debt mounts on the company. The coronavirus pandemic has devastated the company by grounding business travelers and tourists, making it impossible for […]
Italy confident that government, Fiat can complete state-backed loan
Italy’s Economy Minister Roberto Gualtieri stated on Friday he was confident the government and Fiat Chrysler Automobiles (FCA) would be able to finish a deal over a state-backed loan for the automaker. Fiat Chrysler’s Italian division is collaborating with the government and lender Intesa Sanpaolo to grab 80% state guarantees on a 6.3 billion euro […]
Nissan considering 20,000 job cuts in Europe and elsewhere
Nissan Motor is thinking about cutting 20,000 jobs from its worldwide workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker continues to have a hard time to recover from declining car sales. The possible cuts come as the automaker prepares to declare its updated mid-term strategy next week. […]
General Motors starts to resume plants in Mexico
General Motors stated on Thursday that it was gradually resuming the transmissions and motors lines at its Mexican plants located in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao. GM Mexico said the assembly plants at Ramos Arizpe and Silao could resume operations on Friday depending on suppliers, […]
Ford closes two U.S. assembly plants because of COVID-19 infections
Ford Motor on Wednesday shut down two U.S. assembly plants as the coronavirus pandemic is wreaking early havoc with the automaker’s plan to resume North American production and start making its most profitable automobiles again. Ford closed its Dearborn, Michigan, plant because of a positive COVID-19 test by one worker, while its Chicago assembly plant […]
Britain’s Rolls-Royce to cut 9,000 jobs as air travels decline
Rolls-Royce plans to slash at least 9,000 jobs, or over a sixth of its workforce, in the recent blows to the UK economy and aviation industry has been hit by the ongoing coronavirus crisis. The company makes engines for planes including Boeing 787 and Airbus 350. It said on Wednesday it could also shut down […]
