Hyundai Labour Dispute Halts 41,000 Vehicles, Costs $730 Million
Ongoing industrial action at Hyundai’s South Korean plants has led to a production shortfall of 41,000 vehicles and losses exceeding $730 million.
Coverage tagged Factories.
Page 4 of 7
Ongoing industrial action at Hyundai’s South Korean plants has led to a production shortfall of 41,000 vehicles and losses exceeding $730 million.
After weeks of industrial action and threatened production moves, Dacia and its Mioveni plant workforce have agreed a pay deal including a 6% salary increase and a higher bonus.
General Motors and Opel leaders will meet Chancellor Angela Merkel in Berlin on 11 April, as the future of the Bochum plant and jobs at the German subsidiary remain in question.
The six-mile facility in Florida, previously used by Ford and Harley-Davidson, will support Chrysler’s year-round vehicle testing after four years of inactivity.
Opel will move production of the next-generation Mokka from South Korea to a European facility, aiming to strengthen its crossover's appeal in its core markets.
Volkswagen and the United Auto Workers are discussing a German-style works council for the Chattanooga factory, with a formal plan expected by mid-2013.
French carmaker PSA Peugeot Citroën will begin assembling four models in Kazakhstan from June 2013, partnering with Agromash Holding and targeting up to 10,000 units annually.
Growing sales for compact SUVs in Europe have prompted Toyota to consider local production of the RAV4, aiming to boost regional content and supply.
Porsche plans to increase its workforce by 3,000 by 2018 as part of its drive to reach 200,000 annual sales, with new roles focused on its core German sites.
General Motors will idle all three of its US full-size pickup plants for 10 weeks to manage a spike in unsold inventory ahead of launching redesigned Chevrolet Silverado and GMC Sierra models.
Audi will build the new A3 sedan for Europe at its expanded Gyor facility, separating it from the Ingolstadt-built hatchbacks and Sportback models.
Tata Motors has dismissed speculation about a $1 billion investment in Romania, clarifying it has no current plans to establish manufacturing operations there.
Tesla’s Fremont, California facility is running at its current production limit, with Model S orders filling the 20,000-unit annual capacity and wait times stretching up to six months.
The Ghent factory in Belgium marked its five millionth car at the end of 2012, a Volvo V40 D2, capping nearly five decades of production.
General Motors has bought a former UPS facility in Roswell, Georgia, with plans to establish a technology development centre expected to create 1,000 jobs.
Infiniti will build its first premium compact hatchback at Nissan’s Sunderland plant from 2015, targeting rivals like the BMW 1 Series and Audi A3.
General Motors paused production of the Chevrolet Sonic and Buick Verano at its Lake Orion plant in Michigan, citing high inventory and falling demand as key reasons for the shift cancellations.
Nissan’s Smyrna plant in Tennessee has started manufacturing lithium-ion battery packs for the Leaf, supported by a $1.4bn federal loan and creating over 300 jobs.
The French carmaker confirmed a further 1,500 job cuts in 2014, adding to previous reductions as it struggles with falling European sales and mounting debt.
Jaguar Land Rover has launched a dedicated cold weather testing facility in International Falls, Minnesota, expanding its North American engineering footprint.
Opel will halt vehicle manufacturing at its Bochum facility in 2016, affecting 3,000 workers, as GM addresses persistent overcapacity in its European operations.
Porsche has begun construction of its new North American headquarters in Atlanta, consolidating operations and adding a customer experience centre with a 1.6-mile test track.
Ford will reduce daily output of the B-Max by half at its Romanian facility, citing sluggish European sales, but engine production at the site will increase.
The French group’s new Qingdao facility will double its automotive glass output in China, supplying window films and backsheets for the region’s growing vehicle market.