Ford shuts Genk plant after five decades, cutting 4,000 jobs
Ford has closed its Genk assembly plant in Belgium, ending 50 years of production and affecting thousands of workers and suppliers in the region.
Plants, jobs, sales figures, regulation and the executives behind them. The business of building cars.
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Ford has closed its Genk assembly plant in Belgium, ending 50 years of production and affecting thousands of workers and suppliers in the region.
Fiat Group Automobiles SpA has officially changed its name to FCA Italy SpA, mirroring Chrysler's earlier rebranding to FCA US as part of Fiat Chrysler Automobiles' global restructuring.
Average fuel efficiency of new cars sold in the US has flatlined at 25.3 mpg, as buyers turn to larger vehicles amid the lowest petrol prices in four years.
Two senior managers from Mitsuba and T.RAD have received US prison sentences and fines after pleading guilty to price-fixing charges involving Honda supply contracts.
Toyota has sold part of its holding in Tesla, following Daimler’s full divestment, as cooperation between traditional manufacturers and the US electric car firm shifts focus.
A new joint venture in Oldbury aims to recycle up to 99% of scrapped vehicles, using gasification technology to exceed EU targets and reduce landfill waste.
BMW’s finance boss Friedrich Eichiner expects new model launches to drive further sales growth in 2015, despite intensifying competition from Audi and Mercedes-Benz.
Falling demand for open top cars in Europe and North America has forced major roof system suppliers like Webasto and Valmet to close or scale back production facilities.
Ford will add 850 new jobs across three Dearborn, Michigan, plants to support production of the aluminium-bodied 2015 F-150, with most roles at the assembly plant.
Major US automakers are increasingly exercising their right of first refusal in dealership buy-sell deals, frustrating some dealers and raising concerns about competition and franchise values.
Ford’s aluminium-bodied F-150 and Jaguar’s XE push carmakers further from traditional steel, prompting steelmakers to accelerate high-strength steel development and defend market share.
Luca Cordero di Montezemolo will receive a €26.95 million package after stepping down as Ferrari chairman, with half paid by early 2015 and the rest spread over 20 years.
Experian data shows 85% of new car sales and over half of used car sales in the US were financed in Q2 2014, with average loan amounts and payments at all-time highs.
BYD is counting on the Denza, its first electric model co-developed with Daimler, to reverse falling car sales and regain momentum in China’s competitive market.
General Motors has opened its fourth Information Technology Innovation Center in Chandler, Arizona, aiming to employ 1,000 people within two years as part of its in-sourcing technology strategy.
Toyota and Mitsubishi have pressed the Philippine government to finalise an automotive industry policy, warning that continued delays could see production and jobs shift to neighbouring countries.
Fiat Chrysler Automobiles has named US sales head Reid Bigland as the new boss for Alfa Romeo in North America, tasking him with the brand’s ambitious relaunch.
Peugeot, Fiat, Ford and GM have flagged falling demand and political risk in Russia and Latin America, even as Europe’s recovery shows signs of stabilising.
China’s government is reviewing rules that could allow non-traditional companies to manufacture electric vehicles, in a move aimed at boosting its new energy car sector.
New Jersey lawmakers have approved a bill to let Tesla sell directly to customers through up to four showrooms, ending a months-long standoff over dealership laws.
Fiat Chrysler Automobiles has revealed its first three board members following the merger, as the company prepares for shareholder approval and stock market listing.
Ford’s switch to aluminium for the F-150 has triggered a rush among global aluminium suppliers to secure a place in the rapidly expanding automotive market.
Automakers' captive finance arms now account for half of new car loans in the US, as manufacturers target direct lending and leasing to boost sales and customer retention.
Outgoing Ford CEO Alan Mulally met with Sears Holdings’ Eddie Lampert in early 2014, fuelling speculation about a possible move to the troubled US retailer.