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Troubled Ssangyong Motor Co.'s board of directors met in China on Thursday as the company's labor union mulled when to count ballots that could lead to a strike. Ssangyong, which is majority owned by Shanghai Automotive Industry Corp., is believed to ...
Read more...The automotive industry is dumping jobs faster than a NASCAR racer can accelerate. Car sales are reeling from tight credit and declining consumer confidence. As a consequence, the industry – from auto dealers to parts suppliers to the big three car ...
Read more...A top expert on Germans and the automotive industry said Thursday the $1 billion Volkswagen plant should bring not only 2,000 jobs at the facility, but also 14,000-16,000 jobs at supplier firms and another 10,000 jobs to service the suppliers. "Your ...
Read more...The crisis facing Britain's car industry deepened today when Nissan announced plans to cut the 5,000-strong workforce at its Sunderland plant by 1,200. The cutback will involve 800 permanent jobs and 400 temporary staff as the company, Britain's ...
Read more...Vienna - Austria's government and the country's automotive industry on Thursday agreed on measures to alleviate the effects of the crisis gripping the global car industry. The measures include prolonging the time that short-time work is subsidised ...
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