Automakers in China need to get used to a new normal of “low speed growth” in the world’s largest car market, the country’s top auto body said on Monday
The prolonged strike at General Motors Co (GM.N) is estimated to have hit 150,000 workers in the auto industry, a report from research and consulting firm Anderson Economic Group (AEG) showed on Tuesday.
General Motors Co (GM.N) said on Thursday it will pay for the health insurance of its striking hourly workers, reversing a decision to push the costs onto the United Auto Workers union.
General Motors Co (GM.N) and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new labor deal but are grappling with issues over the pay and job security of newer and temporary workers, two people familiar with the talks said on Wednesday.
The United Auto Workers union began a nationwide strike against General Motors on Monday, with some 46,000 members walking off the job after contract talks hit an impasse.
General Motors Wednesday announced plans to invest $700 million in Ohio and to sell a shuttered plant to a company that makes electric trucks, drawing cheers from President Donald Trump who has assailed the US automaker for cutting American jobs.
DETROIT: Fiat Chrysler so far has escaped the wrath of President-elect Donald Trump's Twitter feed, but the automaker is due to start importing models from Mexico as soon as this month. Fiat Chrysler shifted production of the new Jeep Compass to Mexico so it could build another vehicle in the Illinois plant outside of Chicago, where the Compass was produced until last month. The move was part of the overall effort to boost production for its popular Jeep brand, according to the company's executives. So far FCA has…
TOKYO: U.S. President-elect Donald Trump has threatened Toyota over its Mexican-built cars, but the biggest risk from a punitive tariff would be for its compatriot Nissan, the largest automaker operating in the country. Trump has criticized U.S. companies like General Motors and Ford which manufacture abroad, accusing them of costing U.S. jobs. On Thursday he took on Toyota, warning the world's largest automaker that it would face a "big border tax" if it exported Mexico-built cars to the U.S. market. But it is Nissan,…
Ford Motor said on Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after it had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans. The second largest U.S. automaker said it would build new electric, hybrid and autonomous vehicles at the Michigan plant. Ford Chief Executive Mark Fields said the decision to cancel the new plant in Mexico was in part related to the need to "fully utilize capacity at existing…