Tag: automotive

Industries, Manufacturing

U.K. manufacturers warn of ‘jobs bloodbath’ without further government support

July 20, 2020

Via: Market Watch

The U.K. manufacturing industry has warned of a “jobs bloodbath” unless the government extends its job retention program by six months, to avoid highly skilled job losses in the sector on a scale “not seen since the 1980s.” Trade body […]

Industries, Manufacturing

Toyota Makes Massive $1.3 Billion Investment in Its Kentucky Factory

April 11, 2017

Via: Time

Toyota said Monday it is investing $1.3 billion to retool its sprawling factory in Georgetown, Kentucky, where the company’s flagship Camry sedans are built. No new factory jobs are being added, but Toyota says the upgrades amount to the biggest […]

Industries, Manufacturing

Takata Pleads Guilty in Air Bag Scandal and Agrees to Pay $1 Billion in Penalties

February 28, 2017

Via: Time

Japanese auto parts maker Takata pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S. The scandal, meanwhile, seemed […]

Industries, Manufacturing

German Automakers Step Up to Silicon Valley Challenge

February 8, 2017

Via: The New York Times

One of the first things Ole Harms did after taking over Volkswagen’s new ride-hailing start-up was leave town. Staid Wolfsburg, Volkswagen’s home, was not the best place for the automaker to mount a defense against Silicon Valley challengers keen to […]