Coverage tagged Jobs.
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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.
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.
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.
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Laguna, Espace, Wind and Modus are being withdrawn from Renault’s UK line-up as the brand seeks profitability, with dealer closures and new launches to follow.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.
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.
The Tuscaloosa plant will add a third shift from August 2012 to meet demand for SUVs and prepare for upcoming C-Class production.
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.
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.
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.
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.