Coverage tagged Jobs.
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After the 2008 financial crisis ended his hedge fund career, Richard Fertig founded Brilliant Transportation, offering high-end Mercedes-Benz Sprinter shuttles to wealthy US clients.
PSA’s Rennes and Honda’s Gebze plants operated below 30% capacity in 2013, highlighting persistent overcapacity issues even as Europe’s average plant utilisation improves.
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.
Kia is preparing to build its first manufacturing plant in Mexico, aiming for 300,000 units a year to support North American demand as its US facility runs at full capacity.
Manufacturers and tech firms are pushing self-driving technology, but questions remain over driver enjoyment, job losses and public trust in letting go of the wheel.
Automakers across Europe have voiced strong opposition to a proposed EU-Japan free trade agreement, citing concerns over market access and the risk of further job losses.
Michelin reported a 2.4% drop in first-quarter revenue for 2014, as currency headwinds and weaker demand in Eastern Europe outweighed a modest increase in global tyre volumes.
Mercedes is said to be considering a reduction in its Formula One workforce, with up to 1,250 staff at its Brackley and Brixworth sites under review.
Several F1 drivers consider strike action as unpaid salaries from the 2013 season remain unresolved, with Lotus and Sauber among the teams implicated.
Toyota is reintroducing skilled manual work in key manufacturing roles, aiming to strengthen quality and expertise by giving humans tasks once handled by robots.
Ford will spend $500 million upgrading its Lima, Ohio engine plant to build a new 2.7-litre six-cylinder EcoBoost, adding 300 jobs and supplying the next F-150.
Honda will shed around 340 jobs at its Swindon factory after falling export sales forced the company to scale back production and consolidate operations onto a single line.
General Motors’ decision to shut Opel’s Bochum factory in 2014 will cost over €500 million, affecting more than 3,000 jobs and marking a rare German car plant closure.
Ford confirms the next-generation Fiesta will continue production at its Cologne plant in Germany, dismissing speculation of a shift to Romania’s Craiova facility.
Continental AG plans to increase its workforce by 7,000 in 2014, focusing on growth markets including China, the US and Romania, alongside a €1bn investment programme.
Toyota management described its union’s 2014 pay and bonus request as unexpectedly large, as negotiations continued amid strong company profits and a recovering Japanese economy.
General Motors will expand its Tychy plant to produce a new 1.6-litre diesel, targeting 200,000 engines a year as part of Opel’s European recovery plan.
BMW is in advanced talks with Mexican officials about a potential $1.5 billion plant that could build 1 and 3 Series models for export as early as 2016.
Volkswagen has agreed to allow workers at its Chattanooga, Tennessee factory to vote on United Auto Workers representation, marking a potential first for a foreign-owned US car plant.
Renault and Nissan have increased their joint savings goal to €4.3bn by 2016, aiming to deepen cooperation in development and production to improve operational performance.
Toyota’s labour union will seek a monthly base wage increase and higher annual bonuses in the 2014 spring negotiations, citing strong company profits and economic confidence.
Fiat Chrysler Automobiles begins life as a merged entity with a new structure, shifting its primary listing to New York and facing profitability pressures in key markets.
Union efforts intensify at Toyota’s Ontario factories and Nissan’s Mississippi plant as organisers seek a foothold in North American transplant operations.
Italian design house Bertone has furloughed most staff and is seeking a buyer, with a Turkish firm reportedly offering $2.7 million for the struggling coachbuilder.