After half a century and some 14 million units built, Ford closes one of its largest plants, located in the Belgian city of Genk, with manufacturing of the Mondeo, S-Max and Galaxy shifting to Valencia instead.
General Motors is closing down its Opel plant in Antwerp, and forfeiting up to €500 million (about $707 million) in aid the Flemish government had promised if the operation had remained open. The action is expected to take place over the next few months. Shutting down Antwerp is just one part of GM's restructuring program for its European operations - underway for a year now. All told, the automaker estimates it will have to cut 8,300 jobs, including 4,000 in Germany alone. According to GM,
Accusing a cross-town rival of influencing Chrysler to shut down its business so they could acquire the customers, Florida's Monarch Dodge has filed a civil suit against Massey-Yardley Dodge. The two Sunshine State dealerships will meet in court to determine whether Massey-Yardley Dodge contacted Monarch Dodge employees with job offers – before Chrysler LLC had announced its closure list. The suit alleges that Massey-Yardley and its "agents engaged in a campaign with agents of Chrysler LLC
As the economic slowdown gains steam and people continue to buy fewer cars, manufacturers are hitting the brakes a little harder on production levels. Toyota is shutting down plants in Japan for 11 days, and more closures could come as the company says it will make half the number of cars from February to April as it did last year. That would take Toyota down to 9,000 cars per day as it grapples with ballooning inventory. With the near-term future predicted to be even bleaker and the need to ali
The 10-day strike between American Axle & Manufacturing Holdings Inc. and the United Auto Workers union is now threatening to idle or partially shut down 13 more GM plants as early as Monday. Although talks are underway again, even a resolution over the weekend may mean closures as it takes time to deliver inventory and ramp up production. As of now, seven assembly plants at GM have already been idled after the AA workers walked off their jobs on February 26th.