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General Motors might have cut more than 6,000 jobs this year, but it still might need to further shrink its manufacturing operations to address bloated inventories of some vehicles amid plateauing U.S. sales and pressure from Wall Street to avoid overproduction. The majority of GM's U.S. assembly plants, including some where a shift already has been eliminated, produce vehicles that on average have at least an 80-day supply, 33 percent more than what the industry generally considers healthy. GM has at least seven U.S. assembly plants that on average produced vehicles with greater than...
Bentley Motors plans a major shake-up of its executive ranks just a few months before launching the new Continental GT. Wolfgang Durheimer will step down as CEO of Bentley effective February 1, 2018; he will be succeeded by Adrian Hallmark, former global strategy director at Jaguar Land Rover.. Bentley's board members for engineering, sales and marketing, and human resources will also step down, effective January 1, 2018. Durheimer, 59, will stay on at the VW Group to assist with the automaker's motorsports efforts. It's a fitting culmination to a career that oversaw the...
More than 1 million Mercedes-Benz cars and SUVs are being recalled by Daimler worldwide. The safety recall covers 495,000 vehicles in the U.S., 400,000 in Britain, 76,000 in Canada and a few hundred thousand in Germany, company officials said. The automaker did not immediately have a complete worldwide total. An electrostatic discharge, coupled with a broken clock spring and insufficient grounding of steering components, can lead to inadvertent deployment of the driver side front airbag in vehicles subject to the recall, the company said on Monday. As part of the fix, it said dealer...
Ford Motor Co claims it will offer free repairs to North American owners of more than 1.4 million Explorer sport utility vehicles to help ensure that carbon monoxide and other exhaust gases cannot get into the vehicles, following the U.S. government's decision to upgrade an investigation into the issue in July. Several U.S. police agencies have raised concerns about potentially deadly carbon monoxide gas entering the cabins of Ford Explorers that had been adapted for law enforcement uses. Federal regulators have said they are aware of more than 2,700 complaints, three crashes an...
According to the local news report and a former Tesla employee, the electric vehicle maker fired about 400 employees last week. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the company. "It's about 400 people ranging from associates to team leaders to supervisors. We don't know how high up it went," said the former employee, who worked on the assembly line and did not want to be identified. Though Tesla cited performance as the reason for the firings, the source ...
