Coverage tagged Jobs.
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A123 Systems has secured final court approval for its bankruptcy reorganisation, clearing the way for Wanxiang’s acquisition and creditor repayments after months of uncertainty.
Fisker Automotive told US lawmakers it may seek bankruptcy protection after failing to secure new investment, halting production and cutting most of its workforce.
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.
Reid Bigland takes over leadership of the Ram truck brand following Fred Diaz’s exit to Nissan, while retaining his US sales and Chrysler Canada roles.
Fisker Automotive’s decision to lay off 75% of its workforce in April 2013 reignited scrutiny of US government clean-energy loans following high-profile setbacks.
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.
Chip Perry, the founding CEO of AutoTrader.com, will leave the company on 1 May 2013, with Sandy Schwartz set to take over as president of AutoTrader Group.
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.
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.
General Motors will use spare capacity at Opel and Vauxhall factories, including Ellesmere Port, to produce vehicles for other GM brands such as Chevrolet.
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.
Volvo Car Corporation will lay off around 1,000 consultants and white-collar workers in 2013, mostly in Sweden, as part of a cost-cutting drive following weak European sales.
Volkswagen is preparing a fresh growth strategy for 2022 after global sales surged towards its 10 million vehicle target, originally set for 2018.
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.
Nearly 100,000 hourly employees at GM and Ford in North America are due profit-sharing cheques of up to $8,000 each, reflecting the carmakers’ strong 2012 financial performance.
Toyota will introduce a new retirement scheme in 2013 to support employees aged 60 to 64 as Japan raises the official pension age.
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 halted production at four American assembly plants during the week of 17 December 2012 to bring down unsold vehicle stocks after inventories exceeded targets.