auto-industry | ABS-CBN News

Ford to cut thousands of jobs in transition to electric: US media

Agence France-Presse
Posted at Jul 21 03:29 PM

US carmaker Ford is preparing to cut several thousand jobs to reduce costs and intensify its transition to electric vehicles, US media reported on Wednesday. Read more »

Why Apple has chips for iPhones while Ford got caught short

Jonathan Weber and Stephen Nellis, Reuters
Posted at Apr 30 08:34 AM

On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business. Read more »

Computer chip shortage may leave auto sector idling

Taimaz Szirniks, Agence France-Presse
Posted at Apr 26 08:24 AM

What was initially downplayed as a brief hiccup in the supply of semiconductors looks more and more like a shortage that may last throughout the year in what would be a big blow to automakers. Read more »

Volkswagen to cut up to 4,000 jobs via early retirement, sources say

Reuters
Updated as of Mar 15 08:50 AM

Carmaker Volkswagen plans to cut up to 4,000 jobs at its plants in Germany by offering early or partial retirement to older employees in a move that could cost several hundred million euros, company sources said on Sunday. Read more »

Philippines hits imported cars and vans with tariffs to help domestic industry

Reuters
Posted at Jan 04 09:21 PM

The Philippines is imposing temporary duties on imported passenger cars and light commercial vehicles to protect its tiny carmaking industry hit hard by the pandemic, its trade minister said on Monday. Read more »

Tesla maps road to cheaper batteries for electric cars

Agence France-Presse
Posted at Sep 23 08:25 AM

Tesla on Tuesday said it is slashing battery costs to speed a global shift to renewable energy, and could have a $25,000 model available in three years or so. Read more »

Fiat Chrysler and Peugeot Citroen tweak merger terms due to pandemic

Agence France-Presse
Posted at Sep 15 08:34 AM

Fiat Chrysler (FCA) and Peugeot Citroen (PSA) announced on Monday they'd modified the terms of their mega-merger in light of business disruptions caused by Covid-19.   Read more »

Aviation, autos and other industries fall victim to COVID-19

Agence France-Presse
Posted at Aug 18 09:24 PM

Shuttered shops, idle production lines, grounded planes -- the coronavirus pandemic has devastated several industries, not least the aviation and automobile sectors, but also retail and energy. Read more »

Nissan forecasts $6.4 billion annual net loss as virus bites

Agence France-Presse
Posted at Jul 28 04:38 PM

Nissan, which had delayed an annual forecast because of ongoing uncertainty, issued the warning as it reported a first-quarter net loss of 285.6 billion yen ($2.7 billion) on plunging sales.  Read more »