Coverage tagged Jobs.
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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.
Fiat will lay off 1,500 workers in Poland as it reduces output at its Tychy factory, responding to a sharp drop in European car demand and mounting losses.
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.
Enstone-based Lotus is reportedly holding back staff wages and Kimi Raikkonen’s bonus as it waits for commercial income from Formula One’s rights holders.
Opel has dismissed reports that its alliance with PSA Peugeot Citroën is faltering, stating that joint projects in logistics, purchasing and product development remain on track.
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.
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.
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.
Production at Chrysler’s Brampton and Toluca plants faces overtime cuts in April 2011 as Japanese earthquake disrupts electronic component supply.
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.
Mercedes-Benz will scale back S-Class output at Sindelfingen, moving to a single shift and reassigning workers, after European sales of the flagship saloon fell sharply in 2012.
German union IG Metall aims to finalise a labour agreement with Opel by 26 October 2012, as the carmaker faces wage hikes and looming plant closure deadlines.
Fiat will keep its Pomigliano d’Arco plant idle for over two weeks from late October, citing weak European demand for the Panda and continued pressure on Italian jobs.
Audi will pause output at its Neckarsulm plant for the first week of October 2012, citing falling demand across Europe, but says annual targets remain unchanged.
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.
Fiat will halt output at its Pomigliano d’Arco plant for two separate weeks in autumn 2012, temporarily laying off 2,200 workers as European car sales continue to fall.
Consultants forecast Western European new car sales will not return to pre-crisis levels before 2020, with demand still well below the 2007 peak.
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.