Despite global pressures from high commodity costs, high fuel costs, and low new vehicle inventory, Ford remains committed to its plant in Valencia.
The board discussed OEMs and mobility, increased manufacturing and leasing costs, limited buying incentives, and more. The next GFAB meeting will be held in person on 06 June in Miami prior to the start of the Global Fleet Conference.
Combined sales into large rental, commercial, and government buyers were down 36% year over year in January.
The move is part of the Ford+ plan and will generate 1,250 new jobs and focus on the next-generation Ford Ranger pickup and Ford Everest SUV vehicles.
Taiwan-based smartphone manufacturing giant Hon Hai Precision Industry Co. (Foxconn) and state-owned oil supplier PTT PLC have signed an agreement to start electric vehicle (EV) manufacturing facility in Thailand. The 60:40 joint venture between PTT and Foxconn, respectively, will use the individual EV capabilities of both the parties to manufacture and supply EVs in Thailand and the region.
Following an extensive €110 million production line modification, the fourth-generation ŠKODA AUTO small car model, FABIA is now being manufactured at the Czech automaker’s main plant in Mladá Boleslav.. For the first time, the FABIA is based on Volkswagen Group’s MQB-A0 platform.
With short seller “investigative reports,” tightly spun narratives set public opinion that can crash a stock by the end of the day. Shouldn’t a company’s valuation be based on the performance of finished product and meeting production timelines? Asking for Lordstown Motors.
The shutdowns come to fight the spread of COVID-19/coronavirus after workers at multiple plants tested positive.
Volkswagen de Mexico announced a new investment of $118 million to mark the start of the second stage of its engine plant located in the Guanajuato Puerto Interior industrial park.
CHATTANOOGA, TN - According to Volkswagen, more than 2,000 employees will produce up to 150,000 vehicles per year. The automaker said it will be building the U.S. version of its Passat at this plant.
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