Operations: Page 35
-
Courtesy of Stellantis
Stellantis to lay off 400 workers at Detroit material logistics facility
The latest job cuts follow last week’s lay off announcement of 1,100 UAW-represented employees at the automaker’s Toledo South Assembly Plant in Ohio.
By Eric Walz • Nov. 12, 2024 -
Courtesy of WardsAuto
Stellantis JV May Yield to Chinese State Pressure to End Investments in Pro-Tariff EU Countries
Leapmotor International set to move planned production of new BEV from tariff-supporting Poland to Germany and Slovakia who voted against EU's punitive tariffs on Chinese-made products.
By Paul Myles • Nov. 12, 2024 -
Explore the Trendlineâž”
Provided by NPX Semiconductors
-
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for Nov. 11
Tesla Market Cap Back Over $1 Trillion; BYD On Track to Outsell Nissan, Honda, Ford; Toyota Says ZEV Mandate Is Impossible to Meet
Nov. 11, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for Nov. 8
EV Sales Forecasts Lowered as Trump Wins; Lucid’s Rawlinson Makes More Money Than GM’s Barra; China SSB To Drop Anode, Separator
Nov. 8, 2024 -
Courtesy of WardsAuto
How Nissan Hit the Wall
Nissan is restructuring, cutting jobs and closing manufacturing capacity to deal with declining sales and profits in China and the U.S.
By David Kiley • Nov. 8, 2024 -
Courtesy of WardsAuto
NFL, College Football Deliver Wide Reach for Latest Most-Seen Auto TV Ads
The most-seen auto TV ads cropped up on NFL, college football and World Series telecasts.
By Wards Staff • Nov. 8, 2024 -
Getty Images
Rising share of consumers owe more on their cars than they’re worth
At least one in five consumers had negative equity of more than $10,000 in Q3, according to Edmunds research.
By Kalena Thomhave • Nov. 8, 2024 -
Getty Images
Fed cuts rate by quarter point, sees ‘balanced’ risks to inflation, jobs
The reduction in borrowing costs came just two days after Donald Trump won a second term as president, heralding likely economic policy shifts.
By Jim Tyson • Nov. 8, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for Nov. 7
Volvo EX30 Finally Coming to the U.S.; Big Layoffs & Production Cuts at Nissan; EU Likely to Stick to Harder Emission Targets
Nov. 7, 2024 -
Courtesy of Nissan Motor Co. Ltd
Nissan plans to cut 9,000 jobs as it slashes global production
CEO Makoto Uchida said the cost-cutting move is in response to weak sales and a 90% drop in operating profit.
By Larry Avila • Nov. 7, 2024 -
Getty Images
Automotive groups react to Donald Trump’s victory
Companies say they are now turning their focus on policies to protect and grow jobs.
By Larry Avila • Nov. 7, 2024 -
Courtesy of Toyota Motor North America
Toyota’s Q2 profit falls by $1.8B, its first quarterly decline in 2 years
The automaker cited several factors for the decline, including uncertain economic conditions, market demand and a more competitive environment.
By Eric Walz • Nov. 7, 2024 -
Courtesy of Stellantis
Stellantis to lay off 1,100 at its Toledo South Assembly Plant
The layoffs are effective as early as Jan. 5, 2025. The automaker called it a “necessary action to reduce high inventory levels.”
By Eric Walz • Nov. 7, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for Nov. 6
Toyota’s Unique Inventory Strategy; Trump’s Likely Impact on Auto Industry; Xpeng Develops New EREV System
Nov. 6, 2024 -
Courtesy of WardsAuto
BEVs Make Gains in U.K. Sales While Market Slides 6% in October
Industry lobbyist warns consumers need extra incentives to save automakers from missing targets for BEV sales next year.
By Paul Myles • Nov. 6, 2024 -
Brandon Bell via Getty Images
4 employment actions to expect under a second Trump presidency
Employers are likely to see immigration raids, agency chair replacements and a slowing in regulatory activity, experts at Littler predicted.
By Emilie Shumway • Nov. 6, 2024 -
Getty Images
Subaru anticipates 15% drop in 2025 profits
The automaker reported a 20% sales decrease — including a 10% decline in the U.S. — during the first half of its fiscal year.
By Haley Cawthon • Nov. 6, 2024 -
Courtesy of WardsAuto
Column
Buy Them All Ice Cream
Automakers like Stellantis, finding themselves with market pressure and falling profits, should not start indiscriminately slashing costs, outsourcing work and getting rid of the very people who delivered those profits when times were easier.
By John McElroy • Nov. 5, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for Nov. 5
Jeep Starts Chopping Prices; Audi Drops More in U.S. & EU Than China; Honda Developing V3 Engine for Motorcycles
Nov. 5, 2024 -
Courtesy of Volkswagen Group
Volkswagen’s Q3 revenue drops by 41.7% YoY
The automaker attributed the decline to slowing sales in the China market, restructuring expenses for its passenger cars business and investments in new products.
By Eric Walz • Nov. 5, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for Nov. 4
Wealthy Car Buyers Account for Majority of Sales; EV Repairs Boost Dealer Revenue; VW May Replace CEO Of America
Nov. 4, 2024 -
Provided by Stellantis
Stellantis Q3 year-over-year revenue nosedives 27%
The automaker shipped fewer new vehicles during the quarter as it prioritizes EV rollouts and selling excess inventory.
By Larry Avila • Nov. 4, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for Nov. 1
BYD Sets Sales Record; Porsche, Audi Profits Plummet; Scout Could Build Vehicles for Other Automakers
Nov. 1, 2024 -
Courtesy of Toyota Motor North America
Toyota, Suzuki to launch electric SUV
Toyota describes the forthcoming vehicle as a “nimble SUV with the sharp driving characteristics of a BEV.”
By Eric Walz • Nov. 1, 2024 -
Courtesy of WardsAuto
Stellantis Q3 Revenue Slump Below Predictions
Discounting overproduced inventory slashes 27% off automaker's Q3 revenues but group's sales strategy seems to be working, particularly in the U.S.
By Paul Myles • Nov. 1, 2024
Previous
