Manufacturing AN

VW supplier Gestamp to expand stamping line in Tenn. for new SUV

10:30 am U.S. ET | June 23, 2015

Gestamp Automocion, a Spanish supplier to Volkswagen AG, said it plans to expand its stamping plant in Chattanooga to produce body panels for VW's new midsize SUV.... Read More »

GM slates 'all-new vehicle program' for Orion

11:00 am U.S. ET | June 22, 2015

General Motors said it is investing $245 million in a suburban Detroit assembly plant and adding 300 jobs for an "all-new vehicle program."... Read More »

Tesla's gigafactory buzz takes root in Reno

8:36 am U.S. ET | June 22, 2015

Tesla's $5 billion “gigafactory” may be the best thing to happen to northern Nevada since the silver rush of the 1850s and the gaming boom a century later. The company's decision to build the facility in an industrial park east of town is giving the self-proclaimed “Biggest Little City in the World” a once-in-a-lifetime opportunity to diversify the economy and transcend Reno's image as a downmarket Las Vegas.... Read More »

VW supplier Gestamp to open U.S. facility, report says

3:05 pm U.S. ET | June 21, 2015

Spanish auto supplier Gestamp is planning to open a new pressing facility to supply Volkswagen's production in Tennessee, a source familiar with the matter told Reuters.... Read More »

Toyota appeals $327 million tax bill in Thailand

7:00 am U.S. ET | June 19, 2015

Toyota said its Thailand subsidiary is appealing a Thai government order to pay additional taxes that the Nikkei business daily said would total more than 11 billion baht ($327 million).... Read More »

UAW begins talks with U.S. automakers in July

2:03 pm U.S. ET | June 15, 2015

The UAW, seeking to close the pay gap between veteran and newer workers, will begin formal negotiations with the biggest U.S. automakers next month, union Vice President Jimmy Settles told reporters today.... Read More »

GM to cut Chevy Sonic, Buick Verano production amid weak sales

11:12 am U.S. ET | June 12, 2015

General Motors plans to cut Chevrolet Sonic and Buick Verano production by more than 20 percent and lay off about 100 workers -- the latest result of slowing U.S. demand for small cars.... Read More »

Tesla lines up $500 million line of credit

8:06 pm U.S. ET | June 12, 2015

Electric car maker Tesla Motors said Friday it had entered into a $500 million senior secured line of credit.... Read More »

Hyundai, Kia cut output in South Korea after sales decline

7:43 am U.S. ET | June 12, 2015

Hyundai and its affiliate Kia are reducing production after sales fell at the two Korean carmakers.... Read More »

Ford to move Lincoln production to free up Explorer capacity

12:02 pm U.S. ET | June 11, 2015

Ford won't build the 2017 Lincoln Continental at the same plant that currently makes the MKS sedan, freeing up some capacity to build more of the hot-selling Explorer, the company said today.... Read More »

Daimler steps up savings efforts to close gap with rivals

1:18 pm U.S. ET | June 11, 2015

German carmaker Daimler said today it will step up cost-cutting efforts as it wants to see its premium Mercedes-Benz brand catch up with more profitable rivals Audi and BMW.... Read More »

Magna, Durr plan new operations in Michigan

3:14 pm U.S. ET | June 10, 2015

A Magna International subsidiary and Durr Systems both have been approved for Michigan state incentives for new operations planned in suburban Detroit.... Read More »

Ford must invest $3.1 billion more in Michigan for maximum tax credits

1:14 pm U.S. ET | June 9, 2015

Ford Motor would need to invest an additional $3.1 billion in Michigan before 2025 to be eligible for the maximum allowed state tax credits under a revised agreement, Michigan Gov. Rick Snyder said in a statement.... Read More »

Will fast-growing Subaru decide to stay small?

11:09 am U.S. ET | June 8, 2015

Since 2011, Subaru's global sales have surged 45 percent to 913,100 vehicles, a pace bested only by a few burgeoning Chinese brands and FCA. And Subaru has done all this while cranking out the best profit margin in the industry, but the company couldn't be less suited to handle a sales surge. With manufacturing capacity maxed out, Subaru must decide what kind of company it wants to be.... Read More »

Mexico auto boom a boon for U.S. suppliers

2:13 pm U.S. ET | June 8, 2015

Since 2012, carmakers have invested or promised nearly $23 billion in new production in Mexico. The result is a need for a more cohesive supply chain that extends farther down the tiered system.... Read More »

Ford F-150 production ramp-up complete, CFO says

3:17 pm U.S. ET | June 5, 2015

Ford has finished ramping up production of the 2015 F-150 at both plants that build the aluminum-bodied pickups, CFO Bob Shanks said today, even as a shortage of supplier-built frames keeps the plants from running some scheduled overtime.... Read More »

Toyota boosting Japan exports to reach sales goal

7:07 am U.S. ET | June 5, 2015

Toyota, facing capacity constraints in North America, may boost exports from Japan for the first time in three years to meet its global sales target.... Read More »

NEWS ANALYSIS

How will automakers respond to megatrends?

2:01 pm U.S. ET | June 3, 2015

Potential disruptions may make the most headlines, but the majority of future megatrends emphasize the auto industry's continuity. Here are four points demonstrating that automakers may not be nimble, but their ability to co-opt and adapt to new challenges should not be underestimated.... Read More »

Ford shortens summer shutdowns to meet consumer demand

12:01 am U.S. ET | June 2, 2015

Ford today said it plans to shorten the summer shutdown period to just one week at 14 North American plants, including five assembly plants that build highly profitable pickups and crossovers.... Read More »

GM plans $119M upgrade of components plant

11:44 am U.S. ET | June 1, 2015

General Motors plans to invest $119 million to add new tools and equipment at its components plant in Grand Rapids, Mich., as part of the automaker's plan to spend $5.4 billion on its U.S. operations.... Read More »

A123 to double lithium-ion battery capacity

9:00 am U.S. ET | June 1, 2015

A123 Systems LLC plans to double the manufacturing capacity at its three lithium-ion battery plants in a $200 million investment.... Read More »

Ford F-150 output pinched by frame shortage, workers say

11:55 am U.S. ET | May 29, 2015

Production of the redesigned, aluminum-bodied Ford F-150 has been slowed by a shortage of frames from a supplier's plant in Kentucky, according to workers and a UAW official. They said Ford has canceled some planned overtime at the two plants that build the pickup and sent workers there home early multiple times in the past few months.... Read More »

American Axle may land tenants for Detroit site

2:15 pm U.S. ET | May 29, 2015

American Axle & Manufacturing is in talks with prospective manufacturing tenants to be located at its former manufacturing grounds near the company's Detroit headquarters.... Read More »

Volvo inks plant deal with S.C.

12:00 pm U.S. ET | May 28, 2015

Volvo Cars of North America signed an agreement today with the state of South Carolina, where it will build its first U.S. factory.... Read More »

GM to invest $175M in Michigan plant to gear up for 2016 Camaro

9:30 am U.S. ET | May 28, 2015

General Motors said today that it will invest $175 million in new tooling and equipment to bring production of the Chevrolet Camaro to its assembly plant in Lansing, Mich.... Read More »

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