Tag: jobs

By on March 26, 2020

Ford badge emblem logo

While Ford Motor Co. plans to reopen several factories by early April, it’s not doing much of anything at present. That’s a standard problem among domestic brands with the coronavirus afoot, and two of them — Ford and General Motors — are coming off sizable restructuring efforts that included staffing reductions in the thousands. Additional cutbacks aren’t desirable; not with everyone watching how these companies handle the outbreak.

As it secures extra spending power from credit lines, Ford knows the steep financial cost of having the majority of its workforce stuck at home (to say nothing of its customers) will be steep. A plan is now afoot to keep jobs secure. (Read More…)

By on March 17, 2020

As we attempt to wean ourselves off endless discussions the new coronavirus, we’ve noticed there’s not exactly a glut of alternative news out there. Trade shows are being delayed, factories are being idled, and the whole world seems to be in standby mode as we attempt to stall the spread of COVID-19 following its migration out of China.

Regional quarantines in Asia were already doing a number on supply chains, and it wasn’t long before manufacturers around the world began idling production to further slow the virus’s spread. By the beginning of March, it was becoming quite clear that auto sales would suffer significant impacts as people spent the next several weeks isolated in their own homes. Now, the push is on to assess just how much this whole ordeal will impact an OEM’s bottom line.  (Read More…)

By on March 10, 2020

fca

Not long ago, Subaru announced its intention to bring transmissions to Indiana. Now, Fiat Chrysler plans to replace some of its tranny-building capacity with engine production. Either way, it’s good news for the Hoosier State.

Lost in the shuffle late last week was news that FCA intends to spend $400 million converting the shuttered Indiana Transmission Plant II in Kokomo to a home for the automaker’s turbocharged 2.0-liter four-cylinder. (Read More…)

By on February 28, 2020

Given the disparity between the U.S. and Canadian auto industries, it’s not surprising that Friday started with news of a shift dropped at Fiat Chrysler’s Windsor, Ontario minivan plant and ends with two more added at General Motors facilities just across the border.

GM said today that a shift each will be added to its two Lansing, Michigan assembly plants; one to support a brace of new sedans (this could be the last time anyone writes such a statement), the other to support — what else? — crossover production. (Read More…)

By on February 27, 2020

Subaru Ascent

In an effort to build more things where they’re needed, Subaru of Indiana Automotive will spend $158 million expanding its Lafayette plant. Construction begins this summer.

The cash covers a standalone service parts facility and an add-on to the existing plant, home to the Ascent, Outback, Legacy, and Impreza. That addition will see the automaker’s only non-Japanese facility build the transmissions needed to serve a growing market.

As you’ve read here, Subaru expects to spend 2020 selling. (Read More…)

By on February 18, 2020

Last week, Renault reported its first significant loss in a decade (€141 million) and a 3.3-percent decline in annual sales for 2019. It now expects a flat 2020 and claims it needs to commit itself to a €2 billion restructuring program over the next three years. Alliance partner Nissan also anticipates a weak year, and is doubling down on its own restructuring efforts by showcasing an eagerness to do whatever it takes to restore profitability.

However, the French government wants Renault to slow down and think about things before it starts shuttering local factories. Owner of a 15-percent stake in the automaker, it doesn’t wish to see its investment doing anything embarrassing. As such, French Finance Minister Bruno Le Maire warned the company to be exceedingly careful with how it handles business in France, urging it to avoid any measures that might negatively impact domestic employment rates.  (Read More…)

By on February 10, 2020

2018 Mercedes-Benz X-Class Power - Image: Mercedes-Benz

In November, Daimler announced a restructuring plan that called for the elimination of 10,000 jobs, claiming the effort would result in an estimated 1.4 billion euros ($1.5 billion) in savings by the end of 2022. Chairman Ola Källenius may just be getting warmed up.

According to German outlet Handelsblatt, sources within the company claim austerity measures will be expanded at Tuesday’s investor conference. Källenius is said to raise the job cut figure to 15,000 while scaling back (or dropping) several side businesses that aren’t turning a profit. As well, the automaker will likely axe a few models that don’t fit in with the core brand’s luxury image, starting with the Nissan Navara Mercedes-Benz X-Class. (Read More…)

By on January 29, 2020

In an effort to reduce expenses and lower its headcount, an embattled Nissan is offering buyouts to its U.S. employees.

It’s rumored that Nissan plans to eliminate thousands of white-collar jobs and shutter several global factories as part of its effort to improve the company balance sheet. Going into 2020 weak and not expecting to make any money, the automaker is turning its focus to restructuring for at least the next 24 months.

“To adapt to current business needs and improve efficiencies, Nissan will offer voluntary separation packages to eligible U.S.-based employees,” the company said in a statement.  (Read More…)

By on December 18, 2019

GM Canada

Canada had just turned 40 and Teddy Roosevelt was running a zoo out of the White House when the first automobiles rolled out of Oshawa, Ontario.

Starting in 1907, Oshawa built vehicles of the McLaughlin Motor Car Company, with the cars carrying Buick drivetrains shipped in from Flint, Michigan. An early alliance! Thank the close friendship between Sam McLaughlin and William Durant for that partnership. The Chevrolet brand set up shop at the lakeside assembly plant not long thereafter, and in 1918 General Motors of Canada Limited was formed from McLaughlin and Chevrolet Canada.

Fast-forward 101 years, and the last GM vehicle has left the factory. Workers put the finishing touches on the final vehicle today. (Read More…)

By on December 6, 2019

Replacing the North American Free Trade Agreement (NAFTA) has proven difficult for the Trump administration. Trade negotiations have progressed slowly, with Mexico, Canada, and the United States rarely seeing eye-to-eye on most issues. Some of the biggest problems have dealt with content requirements.

The latest hangup stems from a rule requiring 70 percent of the steel and aluminum found in North American vehicles to come from the same continent in order to ensure a duty-free existence. Mexico isn’t keen on the proposal — as it sources a large amount of metal from Brazil, Japan and Germany. Meanwhile, the United States is attempting to use the inclusion to appease the United Steelworkers union and keep labor-focused jobs in the country.  (Read More…)

By on December 5, 2019

Image: GM

A battery plant mentioned in General Motors’ recently ratified UAW labor contract will soon become a reality in the hard-hit city of Lordstown, Ohio. That locale recently saw the lights go out at GM’s Lordstown Assembly, which closed its doors this spring after the discontinuation of the Chevrolet Cruze. The plant’s now in the hands of a fledgling electric automaker.

On Wednesday, GM announced the spending of $2.3 billion and the creation of 1,100 jobs in Lordstown — a necessary move to supply the automaker with battery packs for its electric vehicle push. (Read More…)

By on December 5, 2019

Image: Nissan

As Christmas looms, Nissan just placed an unwanted gift in the stockings of its U.S. employees. Sinking sales, combined with a global streamlining of its cash-strapped operation, has led the automaker to give all employees two unpaid days off of work in January, Automotive News reports.

In a memo to employees obtained by the publication, Nissan’s U.S. arm laid out the emergency cost-cutting measures in full. It seems no one gets off the hook. (Read More…)

By on December 4, 2019

fairfax line assembly factory general motors, Image: General Motors

With environmentalism sweeping through the automotive industry of late, manufacturers are spending oodles of cash to fund the continued development of electric vehicles. Unfortunately, the are doing this during a period where the developed world’s taste for cars has already reached its zenith — or so it seems. Growth is slowing in markets across the globe and cuts have to be made somewhere if the industry players want to keep their bottom line positioned firmly in the black.

A recent report from Bloomberg, estimated that around 80,000 auto jobs will be eliminated in the coming years as a result of electrification — with the majority concentrated in the United States, Germany, and United Kingdom. Though the onslaught  of cuts will not be limited to the developed world, nor entirely the fault of EVs.  (Read More…)

By on November 14, 2019

On Thursday, Daimler made an announcement confirming earlier reports that it plans to cut roughly ten percent of its management staff as part of a broader restructuring plan. Financial hardship has become a sign of the times for the auto industry. Most sizable manufacturers are coming off an investment spree aimed at developing new-energy vehicles, autonomous driving systems, and connected services. Unfortunately, those commitments came at roughly the same time the world’s largest auto markets started to collectively plateau.

A broad approach no longer seems feasible for all but the absolute largest automakers on the planet. We’ve seen many attempt to downsize through restructuring or by entering inte partnerships with other firms to share costs — sometimes both. Knowing this as well as anyone, Daimler issued two profit warnings this year as Mercedes-Benz was fined $960 million in an emissions-cheating settlement while hemorrhaging cash through EV investments.  (Read More…)

By on November 11, 2019

Reports have come in from Germany that Mercedes-Benz has decided to reduce its management staff by around 10 percent globally. On Friday, German newspaper Suddeutsche Zeitung wrote that Daimler CEO Ola Källenius wishes to delete around 1,100 management posts while freezing wages for all 300,000 German employees — citing internal documents from the automaker’s works council.

Handelsblatt also said it intercepted a copy of the letter, with both outlets claiming Daimler would elaborate further on the plan this Thursday. While Mercedes said it couldn’t comment on the matter, its restructuring push was no secret, even before Källenius took over as chairman in May.  (Read More…)

Recent Comments

  • Victor: In the end Communism is just another form of religion. I don’t think the Allies would suddenly find...
  • MBella: Pretty much proving his point by going on a burn the witch tirade. thelaine is right, and this hysteria is...
  • Adam Tonge: Please search for other outlets to shotgun post coronavirus quotes and information. It is unnecessary...
  • CoastieLenn: It’s amazing the odometer worked… unless it’s been replaced. I LOVE square Volvo’s, especially the...
  • Luke42: > Dr. Fauci has now written, Dr. Fauci is now predicting between 100k and 200k deaths. That’s many...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Timothy Cain
  • Matthew Guy
  • Ronnie Schreiber
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth