#production
Elon Musk Selling Earthly Possessions, Gets Yelled at Online
Tesla CEO Elon Musk has had an interesting few days. It all kicked off when he went off on the politics behind coronavirus lockdowns — suggesting that state mandates had surpassed what should be deemed reasonable and that civil liberties were being infringed upon — during Wednesday’s earnings call. By week’s end, he was using social media to announce Tesla’s stock price was too high.
Despite it not being his first time making such a claim, and with the automaker turning a surprise first-quarter profit, the company’s share price still lost 10 percent in a single day. Musk then announced he would sell practically everything he owned. Initially, it seemed to be another partial joke taken completely literally by some followers and the media. But Musk began making good on the claim, listing two properties over the weekend.
Report: Nissan to Put Alliance Partners to Work, Divvy Up Markets
Nissan’s new restructuring plan, due out at the end of the month, is coming together, and it seems the document will spell out which members of the Renault-Nissan-Mitsubishi alliance will go where. In the interests of efficiency and not stepping on each other’s toes, sources claim the plan will see each automaker pour themselves into key markets, rather than competing against each other.
This will have the effect of making maximum use of resources.
For the Nissan brand, that means North America, China, and Japan will become its main stomping grounds.
Ford 'Confident' It'll Have the Transfer Cases It Needs
As it woos the UAW with health protocol and assesses suppliers to ensure their readiness when production resumes (whenever that ends up being), Ford Motor Company says a crucial component it needs for a great number of big-ticket vehicles will be there, too.
Hoping to get all of its ducks in a row before Michigan opens itself up for business, Ford had employees working feverishly in a state that contains no Ford plants.
Still No Restart Date for Detroit Three: UAW
Thursday’s health and safety update from Ford offered up details on that automaker’s back-to-work plan, with new info provided on how the company plans gradually ramp up production amid a pandemic. Ford seemed to suggest that its new protocol had the backing of a crucial organization: the United Auto Workers.
While neither the company nor the union can do anything to ease Michigan’s lockdown order, which runs through May 15th, UAW approval is needed to bring the Detroit Three’s plants back online. On Friday, the union’s stance seemed as firm as ever.
'We're Ready' Says Ford COO As Company Awaits Lockdown Easing
Ford Motor Company’s chief operating officer, Jim Farley, joined the company’s chief human resources officer, Kiersten Robinson, and manufacturing and labor affairs boss Gary Johnson for a media Q&A Thursday, offering up details on what it will look like when the automaker returns to the business of cranking out cars trucks and SUVs.
That’s already begun in China, where 90 percent of the company’s employees are now back to work. It’s Europe’s turn to come back online now (the region is due to start a ramp-up on May 4th), as the Blue Oval awaits the go-ahead from the state of Michigan.
It all hinges on Michigan, apparently, given the critical mass of manufacturing and suppliers in that locale. When Gov. Whitmer eases shelter-in-place orders, Farley said, the company will leap into action.
Not So Fast: Automakers Rethink an Earlier Start
The generally agreed-upon early-May production restarts floated a couple of weeks ago were clearly not set in stone. Not for everyone, anyway. While Fiat Chrysler tossed its tentative May 4th restart to fall in line with the Detroit Three and placate the UAW, other automakers are reaching their own conclusion that earlier might not be better.
Count Toyota and Volkswagen among them.
Trashed by a Twister and Crucial to Ford, a BorgWarner Plant Struggles to Get Back on Its Feet
A South Carolina assembly plant that took major damage from a tornado back on April 13th is making headway in returning to production. It’s still a long way from normal, but the plant’s promise of “limited production” in the coming weeks should be music to the ears of Ford, which relies on the Seneca, SC facility for components for its biggest-margin vehicles.
It still isn’t known when exactly Ford plans to restart vehicle assembly in the U.S., but May 18th has been floated as a possibility. In Seneca, the tornado-toppled BorgWarner plant, builder of transfer cases for 4×4 systems, could be back in business by that point. Sort of.
Report: May 18th Could Be It for Detroit Three
Unlike their foreign rivals, Ford, General Motors, and, belatedly, Fiat Chrysler held off on nailing down a specific date for a production restart. The latter company was expected to begin ramping up production starting May 4th, but last week’s announcement by UAW President Rory Gamble made it the odd man out. The plan’s now off the table.
According to one report, the three automakers will present a united front, with each operation coming back online on the same day.
Nissan Looks to Stem the Flow in Japan, Eyes Production Changes in America
Still sidelined by the coronavirus pandemic in North America and suffering from supply chain and demand issues in its Japanese home base, Nissan is prepared to stem domestic output by 70 percent in May, Reuters reports.
The unconfirmed production cut won’t be a single-month affair, either. On this side of the Pacific, it seems Nissan brass want birds of a feather to flock together, with possible changes incoming at the automaker’s two American vehicle assembly plants.
Now Devoid of Cars, GM Assembly Plant to Fill With Masks
It was a sad day when General Motors all but mothballed its Oshawa, Ontario assembly plant — a manufacturing site that had cranked out cars since 1907 — but new production will soon be underway.
Not of sedans or pickups, the latter of which happened to be the plant’s last vehicular products when it ceased assembly in 2019, but masks. A lot of masks.
Production Update: Toyota and Volkswagen Ready to Go, Honda Hangs Back
You just read how an announcement from the United Auto Workers poured cold water over the Detroit Three’s tentative plans to resume vehicle assembly in the United States, but non-domestic automakers don’t have that problem.
Sure, they still need to grapple with the ongoing coronavirus pandemic, devising new methods of keeping plant workers safe while carrying out the business of building cars, but early May still looks promising to several large industry players. With U.S. auto sales entering a slow rebound, almost everyone’s itching to get started.
Back to Work in Early May? Not So Fast, Says UAW
The domestic auto industry is revving its engines, ready to cautiously punch the accelerator, but something’s standing in its way. That something would be United Auto Workers President Rory Gamble, who on Thursday appealed to companies to put the green flag away and think of their employees instead.
Seeing automakers angling for a production restart in the first week of May, the UAW boss said it was too early to move ahead.
“At this point in time, the UAW does not believe the scientific data is conclusive that it is safe to have our members back in the workplace,” Gamble said in a statement. “We have not done enough testing to really understand the threat our members face.”
Tale of Two Countries: U.S. Finds Itself With Oversupply of Hyundai Model
South Korea moved swiftly to counter a coronavirus outbreak back in February, soon becoming a best-case example for other countries to follow. While domestic auto production was mildly hampered by the outbreak, and further impacted by supply chain issues originating in hard-hit China, output has barely flagged.
In the case of one popular compact crossover, perhaps Hyundai should have turned off the taps for a bit.
Slowed by Strike, Virus Keeps C8 Corvette Convertible Away From Buyers
After spending years in development and even longer in the imaginations of Corvette enthusiasts who longed for something a little wilder, a little more European, the mid-engined C8 Corvette drove straight into a series of roadblocks.
The first was a six-week strike by unionized General Motors workers that pushed C8 production into a new calendar year. Just when it seemed the coast was clear, along came a virus that sent those workers home for an altogether different reason. As such, the C8 is having difficulty leaving the gate. Those looking for al fresco motoring are so far out of luck.
Laid Low in Lordstown: Coronavirus Didn't Spare the Startups
Lordstown Motors is just one of the contenders vying for buyers in the yet unrealized electric pickup segment and, like the others, it isn’t immune (pardon the phrasing) from the coronavirus pandemic’s fallout.
After moving into a mothballed General Motors assembly plant in Northeast Ohio late last year, Lordstown Motors now says the virus has pushed back its production plans.
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