Coverage tagged Jobs.
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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.
Ally Financial, still majority government-owned after its bailout, would be the only one of the 18 largest US banks unable to withstand the Federal Reserve’s most severe recession scenario.
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.
Chinese carmaker Geely will invest $151.7 million in Manganese Bronze Holdings, aiming to restore profitability and expand the iconic London taxi brand overseas.
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.
Alfred Rieck has resigned as Opel's sales chief after less than a year, with Vauxhall's Duncan Aldred taking over the role on an interim basis.
General Motors will establish its third US IT innovation centre near Atlanta, hiring around 1,000 specialists as part of a major in-sourcing and technology transformation plan.
Ottawa commits another C$250 million to the Automotive Innovation Fund, extending support for large-scale R&D projects in Canada’s auto sector until 2018.
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.
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.
Volkswagen is increasing its European market share in 2012 while Opel and PSA Peugeot Citroën struggle with mounting losses and state intervention.
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.
Sergio Marchionne’s restructuring plan will see Lancia dropped, with Fiat, Alfa Romeo, Maserati and Jeep each set for new strategic roles in the group.
Nissan will invest $358 million in a second assembly plant near Bangkok, aiming to double Thai production to 150,000 vehicles a year by 2014.
General Motors will spend $450 million upgrading its Rosario Automotive Complex between 2013 and 2015 to build a new global Chevrolet model for domestic and export markets.
Volvo will cut line speed and reduce agency staff at its Ghent plant in Belgium from 2013, responding to lower European demand for its core models.
Fiat is preparing to build two small SUVs, one Fiat, one Jeep, at its Melfi facility from 2014, aiming to boost exports and keep Italian plants active amid falling European sales.
The German supplier will expand its South Korean operations with a $178.7 million investment through 2013, adding 300 jobs and focusing on new automotive technologies.
US offshore operator ATP Oil & Gas has filed for bankruptcy protection, citing the Obama administration's deepwater drilling moratorium as the main cause of its collapse.