Several auto parts makers and suppliers have lowered their full-year forecasts and disclosed hits to quarterly earnings from the 40-day strike at No.1 U.S. carmaker General Motors.
Canada’s auto parts maker Magna International Inc on Friday said a labor strike at General Motors Co, its biggest customer, will potentially reduce full-year sales by about $500 million.
Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company’s works council.
Poland is betting on electric batteries to turbocharge its economy, but its dependency on coal could challenge its strategy as the EU seeks to champion European manufacturers that promote clean energy.
Ford’s upcoming electric SUV has been caught on camera ahead of its official reveal on Nov. 17.
Fiat Chrysler and Peugeot owner PSA would retain all of their car brands if their planned $50 billion merger goes ahead, the would-be chief executive of the combined group said on Friday.
For nearly 200 years the West Midlands has been one of the UK’s largest industrial hubs.
…world’s reserves of rare earth oxides, crucial for numerous high-tech applications including wind turbines and electric cars — Greenland could be the Saudi Arabia of the green future. Donald Trump…
Auto parts maker Magna International Inc cut its full-year financial outlook, after quarterly sales missed estimates on Friday due to a fall in global automobile production and a labor strike at General Motors Co , its biggest customer.
- Canada's Magna cuts 2019 outlook as GM strike weighs (Reuters: Nov 8, 2019 at 11:08 AM)
- Canada's Magna cuts 2019 outlook as GM strike weighs (Reuters: Nov 8, 2019 at 10:39 AM)
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