Coverage tagged Jobs.
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General Motors will suspend Chevrolet Volt output at Detroit-Hamtramck for five weeks from 19 March 2012, temporarily laying off 1,300 workers as inventories outpace demand.
Hyundai, together with KOICA and PLAN Korea, will establish a $700,000 technical training centre in Ghana to provide automotive repair skills for local youth.
Great Wall Motors has launched vehicle assembly in Lovech, Bulgaria, aiming for 8,000 units in its first year and targeting wider European sales.
The Swedish Debt Office has repaid the European Investment Bank loan guaranteed for Saab, taking on SEK 2.2 billion in debt and shares in Saab’s parts and tools units as collateral.
Following Proton's sale to DRB-Hicom, Lotus CEO Dany Bahar is searching for financial partners to secure the British sports car maker's future.
Peugeot has confirmed it will not compete in the 2012 24 Hours of Le Mans or any endurance racing, citing the challenging economic environment in Europe.
Opel's new compact model, the Junior, will begin production in Eisenach, Germany, in late 2012, aiming to rival the Fiat 500.
Volvo has confirmed the recruitment of 40 ex-Saab employees and expects to hire more, as specialist engineering talent disperses following Saab’s bankruptcy.
Laguna, Espace, Wind and Modus are being withdrawn from Renault’s UK line-up as the brand seeks profitability, with dealer closures and new launches to follow.
Cooper Tire & Rubber Company has agreed to purchase the Krusevac tyre plant in Serbia, investing up to €50 million over three years to strengthen its European manufacturing base.
Russia’s AvtoVAZ will assemble seven different models across Lada, Renault and Nissan brands at the IzhAvto plant in Izhevsk, with production ramping up from 2012 through to 2020.
The Tuscaloosa plant will add a third shift from August 2012 to meet demand for SUVs and prepare for upcoming C-Class production.
Europe’s largest carmakers, through ACEA, have called on EU leaders to address the Eurozone debt crisis, warning that ongoing instability threatens both the industry and the wider economy.
Fiat has denied that CEO Sergio Marchionne said the group could leave Italy, after a radio interview transcript was corrected to remove the reference.
Japanese manufacturer confirms new investment in Derbyshire plant to build next-generation C-segment hatchbacks, with 1,500 jobs added and further supply chain funding.
Tesla will add at least 400 jobs in 2012 as it prepares to launch Model S production at the former NUMMI plant in Fremont, California.
Volkswagen chief Martin Winterkorn has cautioned that 2012 will be a more difficult year for the company, citing weak demand in debt-hit European countries.
Russia’s AvtoVAZ will partner with Asia Auto to build a $500 million assembly plant in East Kazakhstan, aiming for 120,000 cars a year and a 70% localisation rate by 2015.
General Motors will pause Chevrolet Cruze output at its Lordstown, Ohio plant for the week of 28 November 2011 to prevent excess inventory as demand softens.
Japanese supplier Yazaki has launched a new factory in Caracal, Romania, investing €4 million to supply wiring harnesses for Ford and Renault and create up to 500 jobs.
Saab’s last hope for survival in October 2011, a €70m bridge loan from Chinese firm Youngman, looked set to collapse after reports of a Beijing veto.
Continental Tire will invest $500 million in a new Sumter, South Carolina facility, aiming for 1,600 jobs and up to 8 million tyres produced annually by 2021.
Chinese manufacturer Geely has launched vehicle assembly in Karachay-Cherkessia, targeting 12,000 units annually as it seeks a stronger foothold in the Russian market.
A €13 million order from a Chinese buyer will allow Saab to pay overdue wages and some supplier debts, but the company’s long-term future remains uncertain.