Month: May 2020

TOKYO — The new strategy to put Renault, Nissan and Mitsubishi back on their feet can be summed up by how the alliance told the listening world. The plan was laid out last week simultaneously by the three heads of the three carmakers, looped in from three locations in an international webcast conveyed in three
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DETROIT — In the second week of production after the coronavirus shutdown, the Detroit 3 aimed to find a balance: Keep factory floors from spreading infection while racing to fulfill orders from dealers desperate for inventory. All three companies have had confirmed cases of the virus within their plants since they reopened May 18. But
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DETROIT — Before the coronavirus outbreak hit the U.S. in March, General Motors’ North American team had four major initiatives for the year: grow retail share, prepare for an electric vehicle future, improve dealer relations and enhance the customer experience. The crisis led to plunging sales, significant financial losses and a nearly two-month production shutdown.
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The decision to withdraw Datsun from Russia reverses the ambitious global growth plans for the brand envisaged by Nissan’s former Chairman Carlos Ghosn. Reviving the Datsun name, previously used by Nissan for export markets until 1981, was a key strategy of Ghosn, who wanted to expand in emerging markets by using older alliance technology to
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Of all the ambitious projects attempted in the short history of self-driving technology, no company has been more audacious than Zoox. Since the startup’s founding nearly six years ago, its executives have pursued an arduous path that involves developing their own autonomous driving system, creating their own vehicle platform from the ground up and building
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While automakers move heaven and earth to get their manufacturing operations safely up and running and their dealers selling vehicles again, the disruptive COVID-19 pandemic may have also reconfigured the way companies think about recruiting and retaining employees, says the executive who leads Toyota’s manufacturing and human resources in North America. Chris Reynolds, chief administrative
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Renault is cutting 15,000 jobs worldwide as part of a €2bn (£1.8bn) cost-cutting plan after seeing sales plunge because of the virus pandemic. “This plan is essential,” said chief executive Clotilde Delbos, who announced cuts in production to focus on more profitable car models. Some 4,600 job cuts will be in France, and the firm
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The motor trade is calling for the UK to introduce a car scrappage scheme to help jump-start the economy and replace older, more polluting models. It came as Scottish car dealers urged the Scottish government to follow England’s lead and let showrooms reopen in the first phase of easing lockdown. A £400m incentive was offered
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FRANKFURT — German auto supplier ZF Friedrichshafen plans to cut up to 15,000 jobs, or around 10 percent of its work force, by 2025 as a result of a slump in demand, according to a company memo. ZF, which helps automakers develop gearboxes and hybrid drivetrains, said in an email to employees that half of the
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