Automakers trim output and jobs
US: Chrysler offers incentives for fast exit
Chrysler is offering white-collar workers up to US$75,000 cash and vehicle purchase vouchers worth up to $25,000 if they leave…
GERMANY: Robert Bosch reviews options to cut production
Supplier Robert Bosch has confirmed today (28 October) it halted production at its Reutlingen-Rommelsbach site this week as part of…
US: Tyre maker plans “temporary” layoffs
BFGoodrich Tire Manufacturing will lay off up to 40% of employees at its Opelika and Tuscaloosa plants in Alabama and…
KOREA: SsangYong Motor workers to take paid leave
SsangYong Motor Co is allowing some 350 of it workers to take paid leave, in an effort to cut costs.…
UK: Honda plant to cut 10,000 more cars
Reports from Japan earlier today that Honda UK Manufacturing (HUM) was slashing vehicle production by 10% in Britain due to…
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GERMANY: BMW, Daimler, cut output
Both BMW and Daimler are to idle factories in Germany due to slumping global demand. The Frankfurter Allgemeine Sonntagszeitung at…
JAPAN: Mitsubishi to cut output
Mitsubishi Motors (MMC) is to cut production at its factories in Japan by up to 100,000 units in five months…
FRANCE: PSA plans 30% Q4 production cut
PSA Peugeot Citroen president Christian Streiff has signalled “massive production cuts” this fourth quarter “as it is vital that we…
US: Chrysler axing 25% of white collar workers
Chrysler chairman and CEO Bob Nardelli on Friday told employees by letter the automaker would cut additional salaried and supplemental…
US: GM set to slash salaried jobs
General Motors Corp looks set to cut salaried jobs as the automotive slump in Europe and the US continues to…