Continental to Add 7,000 Jobs Globally in 2014 Expansion
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.
Coverage tagged Manufacturing.
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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.
The US government has begun the search for a new presidential limousine, with the Department of Homeland Security aiming to award the contract by August 2014.
With Honda and Mazda opening new plants and major investment from Volkswagen to Chrysler, Mexico’s car output is set to approach 4.5 million units by 2020.
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.
BMW and SGL Carbon are preparing to expand joint carbon fibre production to 6,000 tonnes annually, backed by over €100 million investment, to meet rising demand for lightweight materials.
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.
The upcoming MG CS SUV, based on the concept first seen at the 2013 Shanghai Auto Show, has been spotted in cold-weather trials ahead of its Beijing debut.
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.
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.
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.
Chrysler will halt its Sterling Heights plant for 30 days to retool for the new 200 sedan, as Fiat Chrysler Automobiles projects €8 billion in group capital expenditure for 2014.
Union efforts intensify at Toyota’s Ontario factories and Nissan’s Mississippi plant as organisers seek a foothold in North American transplant operations.
The Malaysian government has unveiled a new policy offering incentives and licences to attract manufacturers of energy efficient vehicles, aiming to boost production and regain regional competitiveness.
Infiniti is nearing a decision on a new North American factory, with the luxury brand’s president confirming a shortlist of US and Mexican sites and a verdict expected within the quarter.
Lamborghini CEO Stephan Winkelmann confirmed plans to introduce the Urus SUV by 2017, as the brand looks to expand beyond supercars and tap into the growing luxury SUV market.
With Fiat’s takeover of Chrysler nearly finalised in early 2014, the combined group’s choice of headquarters location remained unresolved, raising questions about future identity and strategy.
China’s Wanxiang Group has submitted a $24.7 million offer to acquire the bankrupt Fisker Automotive, with a court decision and potential auction expected by late January 2014.
Daimler Trucks is set to surpass its 2013 sales target, recording its strongest year-to-date performance since 2006, with notable growth in Brazil and Western Europe.
BMW will add 1,000 permanent positions at its four UK manufacturing sites, with the majority of new roles based at the Mini plant in Oxford.
Mercedes-Benz has started series production of the GLA compact SUV at its Rastatt plant, aiming to strengthen its position in the fast-growing premium crossover segment.
BMW has named J. Chris Koenders and Petter Witt to senior positions in its US operations, as the company seeks to strengthen its position in the American luxury market.
Sergio Marchionne prepares a new five-year strategy for Alfa Romeo, aiming to reverse a decade of losses with a premium-focused, export-driven approach.
Volkswagen is under pressure from IG Metall to establish a works council at its Chattanooga plant, but faces legal and political obstacles to union representation in the US.