Employees at the plant can apply for open positions at other sites. In a statement Unilever said, it would be closing its ice cream manufacturing facility in Henderson, Nevada. As a result of this closure, 300 people are likely to… Read More ›
factories
Volkswagen strikes strategic partnership with Amazon for industry cloud
Volkswagen’s tie up with Amazon will help improve production at its factories. According to a report by Germany newspaper Sueddeutsche, the European Union’s biggest carmaker Volkswagen has struck a strategic partnership with Amazon.com Inc to create a kind of “industry… Read More ›
Ford relocating its production facilities to sites outside Britain
Manufacturing companies appear to be done with contingency plans. They are now doubling down on their alternative plan and moving their production out of Britain due to lack of clarity from Brexit. As per a report from The Times, Ford… Read More ›
Hyundai Motor reviewing optimization plans for its Chinese factories
For its full year, Hyundai Motors sees a flat sales growth. Hyundai Motor faces overcapacity at its Chinese plants. Following a slump in its car sales in China, Hyundai Motor stated, its Chinese joint venture is accepting voluntary retirements from… Read More ›
Fiat Chrysler to sink in more than $5.7 billion on developing new models in Italy
A significant chunk of this investment will be channelized towards developing electric and hybrid cars. Fiat Chrysler has pledged to spend at least $5.7 billion (5 billion euros) on developing new models, including engines, in Italy between 2019 to 2021;… Read More ›
BMW will continue producing cars despite Brexit concerns
Earlier comments published by the Financial Times suggested that BMW would move out of Britain due to Brexit-related supply chain disruptions.This report clarifies on that. On Tuesday, BMW’s special representative in Britain stated the automaker is not considering moving its… Read More ›
EU firms scaling back their presence in UK
Lack of clarity on the UK’s long term relationship with EU is clouding supply chain decision-making beyond March 2019, the date the UK will formally break relationships with the EU. As per a survey, 1 in 7 business from EU… Read More ›
Shepherded by Trump GM to announce $1 billion investment at its U.S. plants
Despite the posturing of U.S. auto giants, the Trump administration is likely to lead to higher input costs, which could moderate the demand of SUVs, which is currently on a high, due to higher prices. According to a person who… Read More ›
