General Motors CEO Mary Barra will reportedly meet with U.S lawmakers this week to discuss the company's recent announcement it will close five plants and shed about 15,000 workers. The meeting will take place at Capital Hill. According to Reuters Barra will meet with lawmakers from Michigan and Ohio, two states impacted the most by GM's recent announcement it will no longer… Read More...
Ford Motor Company is trying to accelerate plans to build Lincoln models in China. The acceleration comes as the brand's sales in the country are grinding to a halt due to 40-percent tariffs imposed by the Chinese government as part of the pending trade ware between the U.S. and China. Lincoln already plans to commence production in China with a… Read More...
Thus far Ford Motor Company is avoiding mass layoffs like cross-town rival General Motors. However, the automaker isn't immune to capacity problems and has announced it will be shuffling some of its hourly employees around to accommodate. Specifically Ford is cutting a shift from its Louisville Assembly plant and Flat Rock Assembly plant. The move is causing 500 employees from… Read More...
General Motors has become a hot-button for politicians after announcing multiple plant closures yesterday. One of the more vocal political jurisdictions has been Ohio, where GM is idling its massive Lordstown assembly plant. The political fallout started with President Donald Trump, who reportedly talked with GM CEO Mary Barra on the phone regarding the Ohio plant. According to transcripts of… Read More...
Earlier today General Motors announced a significant restructuring, including the idling of five manufacturing facilities in North America. In addition to the plant closures, the company is also announcing a reduction of its workforce by about 15 percent, including a reduction of its executive ranks by 25 percent. While GM's formal announcement was vague on details, we've compiled a detailed… Read More...
Workers at General Motors' Oshawa, Ontario assembly plant have walked out today in protest of the plant's closure. Earlier today GM confirmed it will not allocate any new products to Oshawa and four other North American plans after 2019. Part of the Unifor Trade Union, the workers have walked out "in protest" of the announcement according to a Unifor spokesperson.… Read More...
General Motors has announced a massive restructuring plan to accelerate its transformation, according to the automaker. The announcement includes the idling of several assembly plants in North America along with other structural changes. Through a realignment of the company's manufacturing capacity and reduction of salaried workforce, GM says it will increase annual adjusted automotive free cash flow by $6 billion by… Read More...
General Motors is expected to announce a sweeping restructuring of its North American operations on Monday. The announcement is expected to include news that the automaker will cancel some slow selling models and cut production at several North American assembly plants. News of the alleged restructuring began to hit Sunday evening in Canada. Reports state GM has informed Canadian union… Read More...
Mitsubishi Motors has followed Nissan in the removal of Carlos Ghosn as Chairman. The removal comes following Ghosn's arrest for alleged financial misconduct in Japan. Ghosn remains Chairman only of Renault at this time. The decision to remove Ghosn at Mitsubishi came after a 70 minute board meeting, reports Automotive News. Ghosn, who has been detained since November 19th, was not… Read More...
Once a massive economic engine within the city of Oshawa, Ontario, General Motors may be closing up shop. Reports out late Sunday evening suggest the automaker is on the verge of announcing it will pull out of the Canadian city. Citing numerous sources, CTV is reporting that GM will announce Monday the closure of all of its Oshawa, Ontario facilities. GM currently… Read More...
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