Manufacturing AN

GM profit rises, aided by North America

7:45 am U.S. ET | April 23, 2015

General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. GM's operating income excluding onetime items -- the figure that GM says best reflects its core performance -- was $2.08 billion.... Read More »

Pricing pressure in U.S., China raises fears about future auto profits

3:20 pm U.S. ET | April 23, 2015

The strength of the US and China economies has helped companies like General Motors offset weakness in others parts of the world, but growing pricing pressure in those lucrative markets could be a warning sign for future profits.... Read More »

Ford to cut 700 jobs at Mich. plant, hitting Tier 2 workers

3:40 pm U.S. ET | April 23, 2015

Ford plans to cut 700 jobs and eliminate the third shift at its small-car assembly plant in suburban Detroit, in the company's first large-scale layoff of Tier 2 workers. The plant builds the Focus and C-Max, whose sales are down a combined 22 percent this year after falling 15 percent last year.... Read More »

Goodyear to spend $550 million on tire plant in Mexico, report says

10:54 am U.S. ET | April 23, 2015

Goodyear Tire & Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector.... Read More »

GM gets boost from smaller pickups, but doubters question for how long

10:29 am U.S. ET | April 23, 2015

General Motors' return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales of higher-priced models.... Read More »

Hyundai may boost SUV capacity in U.S., China after Q1 profit dips

10:04 am U.S. ET | April 23, 2015

South Korea's Hyundai Motor may boost production of SUVs in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavorable foreign exchange trends.... Read More »

TRW plans to open 3 more plants in China

10:08 am U.S. ET | April 21, 2015

TRW Automotive, the safety components supplier being acquired by Germany’s ZF Friedrichshafen, said it plans to open three plants in China this year and next.... Read More »

Ford to spend $2.5 billion on new Mexico engine, transmission operations

1:08 pm U.S. ET | April 17, 2015

Ford, confirming reports from earlier this week, will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The company will build a new engine line within its engine plant in the northern state of Chihuahua. The company will also build a transmission plant in the central state of Guanajuato.... Read More »

Volvo narrows choices for U.S. plant to S. Carolina, 2nd state, report says

11:57 am U.S. ET | April 17, 2015

Volvo Cars is weighing a site in South Carolina against another southern state as it prepares to invest $500 million in its first US plant, people with knowledge of the matter told Reuters today.... Read More »

Hyundai may add Mexico plant as local auto sales increase

2:56 pm U.S. ET | April 14, 2015

Hyundai may build a factory in Mexico once the company's domestic auto sales rise, joining affiliate Kia Motors in Latin America's top vehicle-producing market, a top Mexican executive said Tuesday. A Hyundai spokesman, however, disputed the executive's comments.... Read More »

Ford to unveil $2.5 billion Mexico investment on Friday, report says

12:58 pm U.S. ET | April 14, 2015

Ford plans to announce on Friday an investment of about $2.5 billion in Mexico, industry sources told Reuters. Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines. Another $1.2 billion is destined for a transmission plant in central Guanajuato state, the sources said.... Read More »

ThyssenKrupp plans to sell axle systems unit, report says

9:40 am U.S. ET | April 14, 2015

German steelmaker ThyssenKrupp is selling its automotive contract assembly unit, which makes axle systems for car makers, as it seeks to streamline its activities and beef up profitability, two sources familiar with the deal told Reuters.... Read More »

Toyota to end expansion freeze, invest $1.3B in new Mexico, China plants, reports say

7:34 am U.S. ET | April 3, 2015

Toyota plans to spend about $1.3 billion to build two new car plants in Mexico and China, two people familiar with plans told Reuters, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.... Read More »

Hyundai's Zuchowski says new N.A. plant on list of capacity options

10:29 am U.S. ET | April 2, 2015

An additional Hyundai assembly plant in North America is among the options under review as the company nears a decision on where to add crossover production capacity around the globe, Hyundai's top US executive said.... Read More »

Ford's Hinrichs wants level playing field on labor costs

3:56 pm U.S. ET | April 1, 2015

Ford's Americas chief indicated today that the automaker will be looking to bring its labor costs in line with those of its smaller rival Fiat Chrysler Automobiles when it opens talks this summer with the union representing its hourly workers.... Read More »

UAW says it gained more than 12,000 members in 2014

4:20 pm U.S. ET | March 31, 2015

Membership in the UAW rose by more than 12,000 people to 403,466 in 2014, the fifth consecutive year of small gains for the American union, according to an annual filing with the U.S. Department of Labor.... Read More »

U.S., Japan have 'significant gaps' on auto market access, trade official says

11:25 am U.S. ET | March 31, 2015

Acting Deputy US Trade Representative Wendy Cutler said on Monday that "significant gaps" in the trade negotiations remain between the United States and Japan regarding access for US automobiles in the Japanese market.... Read More »

UAW rank-and-file decry Tier 2 pay at bargaining convention

3:10 pm U.S. ET | March 24, 2015

Opposition to the Tier 2 pay scale is so pervasive at this week’s UAW bargaining convention that the only delegates speaking against a proposal to reduce the pay gap between veteran and entry-level workers at the Detroit 3 are those who want to see it eliminated outright.... Read More »

Ford poised to surpass Hyundai in China capacity with new plant

3:06 pm U.S. ET | March 23, 2015

Ford will open its fourth passenger-car assembly plant in China today as part of a $4.9 billion expansion drive, putting it on track to overtake Hyundai in the world’s largest auto market.... Read More »

Nissan plans $160 million supplier park in Tenn.

4:48 pm U.S. ET | March 17, 2015

Nissan plans to add more than 1,000 supplier jobs at its Tennessee operations as part of a $160 million supplier park project.... Read More »

Daimler to invest $500 million in S.C. plant to build Sprinters

9:11 am U.S. ET | March 6, 2015

Daimler AG said it will spend $500 million to build a new assembly plant in South Carolina that will make large commercial vans and result in the creation of more than 1,300 jobs.... Read More »

Novelis teams with German partner on aluminum advances

8:00 am U.S. ET | March 5, 2015

Aluminum giant Novelis and German supplier Henkel said today they signed an agreement to develop advanced bonding technologies for aluminum-intensive vehicles.... Read More »

Jeep ramps up dealers in China as production commences

2:14 pm U.S. ET | March 4, 2015

Jeep will increase its dealerships in China by about a third this year and will start local production of its Cherokee SUV in November followed by the smaller Renegade model in 2016, CEO Mike Manley said.... Read More »

Daimler to build Sprinter vans in South Carolina, lawmaker says

8:29 pm U.S. ET | March 3, 2015

Daimler AG is set to announce it will build Mercedes-Benz Sprinter vans at its plant in South Carolina and add 1,200 jobs there as a result, a state politician said on Tuesday.... Read More »

Weather delays VW shipments as Honda production gets back on track

11:39 am U.S. ET | March 3, 2015

As Honda production affected by West Coast ports labor disputes returns to normal, Volkswagen’s East Coast shipments have been delayed.... Read More »

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