Renault will stop assembling new cars at its Flins factory outside Paris and turn the site into a research, recycling and repair centre by 2024 in a move set to save full-time jobs at the plant, the company said on Wednesday. "The status quo was no longer possible, we had to be lucid about this," Renault Chairman Jean-Dominique Senard told an online news conference after meeting with unions at Flins, flanked by new Chief Executive Luca De Meo. Renault, which had been struggling with waning pro
Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc's COVID-19 vaccine, a move aimed at ensuring the U.S. automaker's workers have access to vaccines when they are rolled out nationally. Ford's purchase mirrors efforts by U.S. states and cities to buy equipment to store millions of doses of Pfizer's vaccine at temperatures of minus 70 Celsius (minus 94 Fahrenheit), significantly below the standard for vaccines of 2-8 C (36-46 F). Health car
Daimler AG and Geely Holding on Friday said China could emerge as a manufacturing and export hub for hybrid powertrains jointly developed for Volvo and Mercedes-Benz cars. Earlier this week the German car maker said it will cooperate with China's Geely to build next-generation combustion engines for use in hybrid vehicles. The engines will be produced in China as well as in Europe, and Geely and Daimler will cooperate in engineering, sourcing and production, the companies said in a joint pres
Workers at Tesla Inc's California vehicle factory are deemed essential and are not impacted by the state's latest restrictions to curb a new surge in coronavirus infections, the California health department said on Friday. Tesla and local California officials in March engaged in a heated months-long standoff over restrictions imposed to curb the first wave of infections, which culminated in the company's chief executive, Elon Musk, defying health orders, suing local officials and threatening t
Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor Co , on Wednesday said it plans to follow up its first two products, a full-size pickup and SUV, with smaller models targeted at China and Europe where it may eventually build some vehicles. While Rivian plans to begin selling the SUV in Europe in 2022 and China soon after, "what will really drive volume in those markets is the follow-on products" that are smaller and tailored for overseas customers, Rivian
BMW on Wednesday said it will retool its German factories to build electric cars and components and shift manufacturing of combustion engines to plants in Austria and England as part of a broader shift toward low-emission cars. Factories across the globe are clamouring for investment into next-generation cars as electric vehicles gain traction with consumers and as governments hasten the demise of the combustion engine. BMW's Munich plant, which currently makes four, six, eight and t
German carmaker BMW said on Tuesday there was no indication that its deal to increase its stake in its joint venture with Brilliance China Automotive would be affected by debt issues at Brilliance's parent. BMW said in 2018 that it would pay 3.6 billion euros ($4.2 billion) in 2022 for a further 25% stake in the venture with Brilliance - its main joint venture in China - adding to its existing 50% holding and giving it control of BMW Brilliance Automotive (BBA).
Mazda Motor Corp on Thursday posted a 7.59 billion yen ($73.4 million) operating loss in the three months ended Sept 30 as sales contracted amid the coronavirus pandemic. Mazda posted a smaller loss in the second quarter after it benefited from a rebound in sales in North America, its biggest market. Vehicle sales there rose 1% from a year earlier.
General Motors Co will invest 1 billion Canadian dollars in its Canadian operations to expand production of highly profitable full-size pickup trucks to meet growing demand, Chief Executive Mary Barra said on Thursday. The Detroit automaker's plan, announced after it reached a tentative new labor agreement with Unifor - the union representing hourly workers in Canada - is to bring back production of its Chevrolet Silverado and GMC Sierra trucks to its Oshawa plant, Barra told analysts.