Coverage tagged Jobs.
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Standard & Poor’s has revised its outlook to negative for Toyota, Honda, Nissan and three major suppliers, citing ongoing production stoppages following Japan’s 2011 earthquake and tsunami.
Volkswagen began full-scale vehicle production at its Kaluga facility in October 2009, marking a €570 million investment and a major step in localising its Russian operations.
Production halts continue at Honda, Toyota, Nissan and Mazda as supply chain disruptions and damage assessments deepen, with global manufacturers bracing for knock-on effects.
Dieter Zetsche's compensation reached €8.7 million in 2010 after Daimler posted a strong recovery, with the management board's total pay more than doubling from the previous year.
ANFAC reports Spanish new car registrations dropped nearly 50 percent in July 2010, prompting urgent calls for government intervention as dealerships brace for job losses.
The 2010 Paris Motor Show opens with over 70 manufacturers, major world premieres from Aston Martin, Audi, Lotus and others, and a renewed spotlight on electric concepts and UK jobs.
The last Dodge Viper, a bespoke SRT10 Coupe, has rolled off the Detroit line, bringing nearly two decades of production at Conner Avenue Assembly to a close.
The £210m Sunderland facility will supply lithium-ion batteries for Nissan and Renault EVs from 2012, creating 200 jobs at the plant and 600 more in the UK supply chain.
Skoda Auto will cut daily Octavia production from 574 to 441 units from March, responding to weaker sales after Germany ended its car-scrapping scheme.
General Motors will eliminate around 8,300 jobs at Opel across Europe, including nearly 4,000 in Germany and over 2,300 with the closure of Antwerp, as part of a plan to restore profitability.
PSA Peugeot Citroën has eliminated 5,700 jobs in its French operations, exceeding its initial voluntary departure target as part of a wider cost-cutting drive.
Swedish suppliers warn Volvo could lose contracts if Geely’s takeover proceeds without clear patent protections, raising concerns over intellectual property and future component sourcing.
Talks between Spyker and General Motors over the sale of Saab have collapsed, prompting GM to begin an orderly closure of the Swedish carmaker.
Koenigsegg’s brief bid to acquire Saab in 2009 promised new models, niche positioning and a focus on efficiency, but the deal collapsed before any plan could be realised.
Toyota has announced a 20 percent reduction in manager bonuses following its large-scale US recall and a second consecutive year of financial losses.
With Koenigsegg out, GM faces a critical decision on Saab’s future as BAIC and Merbanco express interest ahead of a board meeting in December 2009.
Renault has confirmed production of an electric car in 2011, a new ecological model in 2012 and a traditional car in 2013 at its Spanish facility.
BMW confirmed plans in September 2009 to produce two additional Mini models at its Oxford facility, aiming to expand capacity and secure jobs at the UK site.
Ford’s sale of Volvo to China’s Geely could be finalised by the end of August 2009, with a local Swedish partner set to take a minority stake.
Labour representatives at Opel push for a two-year guarantee to keep all European factories open as Magna prepares to take control from General Motors.
Production at General Motors factories in São Paulo state halted as workers demand higher wage increases and bonuses, disrupting output during a peak sales period.
A 2008 Economic Policy Institute report projected up to 120,000 Pennsylvania jobs could be lost within a year if General Motors, Ford and Chrysler entered bankruptcy.
Chrysler LLC reported in December 2008 that its US operations generated over $29 billion in direct economic activity each year, including wages, pensions, taxes and supplier purchases.