The Canadian Auto Workers and the Big Three have kicked off labor talks, with the CAW taking a hard line against concessions – a position that some say, could lead to a lack of future in investment in Canadian auto manufacturing.
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Tag: Manufacturing
An Australian financial publication is quoting two auto industry players who say that Ford will exit their Australian manufacturing operations, taking the Ford Falcon and Territory with them.
Do you know West Point?
If you ask an automotive assembly plant designer, chances are the West Point he is thinking about won’t have statues of General MacArthur or cadets in full uniform.
It will be this place.
Subaru’s failed relationship with China hasn’t burdened Subaru with too much baggage; the automaker is already moving on, planning to expand its Indiana plant to build more Legacy and Outback models.
A day after a government commissioned report about the auto industry surfaced, Ontario Premier Dalton McGuinty told reporters that he would seek ways to help assist the auto industry as a thank you to the province’s “…leading goal scorer”.
A study commissioned by Canada’s federal government suggests that Canada could be in a position to benefit from strong auto sales from the Big Three OEMs, and a lack of capacity could lead to more manufacturing jobs for Canada, including the revival of mothballed factories.
Ford’s Cleveland Engine Plant No. 1, which is responsible for building their popular Ecoboost V6, as well as the naturally aspirated 3.7L V6 used in the F-Series and Mustang, is adding a third shift to keep up with demand. But the extra 250 jobs will largely come from the Cleveland Engine Plant No. 2, which is being shuttered this week.
When Jaguar Land Rover announced plans to start hiring workers at their Halewood plant, the company received 6,000 applications in less than 24 hours. One month on, and Jaguar has received a further 29,000 applications.
A Financial Times report on the “de-industrialization” of France (sub. required), and the erosion of the country’s manufacturing base took a trip to a Peugeot factory, where the new 208 is leaving the lines and gearing up for a big launch. Peugeot has been suffering financially in recent years, amid a backdrop of a declining manufacturing industry, some employees are blaming the heavy burdens of France’s welfare state.
Ford’s Australia branch is getting $34 million AUD (roughly $35 million U.S. dollars) plus an unspecified contribution from the government of Victoria (an Australian state), to sustain a Ford plant in Melbourne. Total investment is said to be roughly $105 million USD. Holden, GM’s Australian division, is looking for some government funds too, and its raising questions about the viability of Australia’s domestic car industry.
With GM’s share price currently hovering below $25, well under its $33 IPO price, The General is holding its second annual Global Business Conference in hopes of encouraging investors the world over to buy into its turnaround. A webcast is currently streaming over at the GM Investor Relations website, but the key points are available in slides available in PDF here. The presentation involves nearly every level of GM’s business, so listening in and reading the entire PDF is going to be the best way to make sense of what GM is trying to communicate… but if you just want an overview, check out the gallery below for a few hand-picked slides, illustrating some of the more important points.
Automotive News [sub] reports that Mitsubishi will have to give UAW workers at its Normal, Ill plant a $1.60/hr raise because it doesn’t yet know what vehicle or platform it plans to build there in the future. Mitsubishi’s 2008 contract with the UAW required the disclosure, but the Japanese automaker requested an extension which the union membership proceeded to vote down. Because the extension failed, Mitsubishi is required by the terms of its contract to raise hourly pay to $25.60/hr. The plant in question currently builds Mitsubishi Eclipse, Endeavor and Galant models, which have collectively sold 11,215 units through August of this year. And thanks to the combination of low demand for Normal-built products, and the union’s failure to extend the decision period, it seems as though Mitsubishi may just walk away from the plant.
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One of the most overlooked arguments during last year’s bailout debates was the fact that America’s automotive industry was not under threat. Sure, a few companies based in Detroit were panhandling at death’s door, but so-called “import brands” have been closing the gap in terms of Americans employed for years. And America’s transplant auto industry is continuing to grow. Even as the Detroit firms have slimmed down their North American manufacturing footprints, foreign firms are moving ahead with American and NAFTA-area plants despite the economic downturn. Not only do these moves signify possible new jobs, they also represent a long-term bet on the fundamental strength of the US economy.
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