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Ford CEO plans furloughs if crisis lingers

Ford CEO plans furloughs if crisis lingers

Jim Hackett told a Detroit radio station he could envision a scenario in which employees would be off without pay one out of every four weeks should the crisis last beyond early May.


VW names Schneider to government affairs post

VW names Schneider to government affairs post

Anna Schneider takes over as head of public affairs and public policy for Volkswagen Group of America on April 3, succeeding longtime executive David Geanacopoulos, who is retiring.


Tesla’s drive to keep plant open irked city that saw health risk

Tesla’s drive to keep plant open irked city that saw health risk

Public records provide a detailed glimpse of what was a contentious days-long debate between local authorities and Tesla, which sought to stay open based on how the federal government defines critical infrastructure sectors.


UAW names former NLRB chair as independent ethics officer, launches hotline

UAW names former NLRB chair as independent ethics officer, launches hotline

The steps come as federal prosecutors continue to dangle the possibility of placing the UAW into federal receivership through the Racketeer Influenced and Corrupt Organizations Act.


Trump administration completes rollback of Obama-era fuel efficiency rules

Trump administration completes rollback of Obama-era fuel efficiency rules

The announcement sets up a legal battle with California and more than 20 other states that plan to sue over the fate of one of the most ambitious U.S. climate change regulations.


BorgWarner warns Delphi acquisition could be at risk

BorgWarner warns Delphi acquisition could be at risk

Delphi drew down its full $500 million revolving credit facility to position for the downturn related to the coronavirus pandemic, a move BorgWarner said breached their merger agreement announced in January.


Volvo to offer pickup, delivery, loaners for service

Volvo to offer pickup, delivery, loaners for service

Volvo is removing a major pain point for customers with a vehicle undergoing service -- having to schlep to and from the dealership.


Ford indefinitely delays reopening N.A. plants; third worker death reported

Ford indefinitely delays reopening N.A. plants; third worker death reported

The automaker has pushed back targeted opening dates twice now as the pandemic worsens. It was previously aiming to begin work at Hermosillo Assembly in Mexico on April 6 and a handful of U.S. plants on April 14.


VW: Sales picking up across industry after blow

VW: Sales picking up across industry after blow

The head of VW's China operations expects industry sales to rise to 1 million in March, up from 250,000 in February when the coronavirus outbreak depressed volume. While most of VW's factories have resumed output, the company's assembly plants in Changsha and Urumqi remain closed.

 


Penske Auto cuts exec pay, furloughs staff, delays capital outlays

Penske Auto cuts exec pay, furloughs staff, delays capital outlays

CEO Roger Penske and President Robert Kurnick will take no salary during the coronavirus outbreak, while executives and managers throughout the dealership group's global team are taking undisclosed pay cuts.