CEO Carlos Tavares announces the Vigo plant will be awarded the next generation of the Peugeot 208 to be built exclusively for Europe starting in 2019. PSA currently builds the B-segment minicar in Poissy, France, and Trnava, Slovakia.
The automaker will hire 1,600 new workers, reclassify 1,400 temporary workers as permanent, expand the Valladolid plant to build a new small car and a new engine, add a weekend shift at the Palencia facility and make a new transmission at the Seville factory.
The researchers conclude the net negative impact of the 2000E Plan in environmental terms was €300 million. The authors and some other analysts consider it likely other cash-for-clunkers schemes have had similar negative results.
Despite the government cash-for-clunkers program’s goal of replacing older vehicles with lower fuel economy and higher emissions with new models, older cars generated an average 9.1% profit compared with 8.8% for new ones.
Upon signing the agreement, Renault Spain’s 13,000 workers will receive a €500 bonus. The unions also will receive a cumulative 3.5% salary increase, starting with a 0.5% raise in 2017 and 1% raises in each of the following three years.
The so-called Second Model Agreement asks VW to retain the Landaben plant as the primary Polo assembly facility and maintain production at current levels. Both sides would negotiate competitiveness targets established by the automaker.
The Spanish subsidiary of French automaker Renault offers a 2017-2019 labor and industrial plan that would award a new model to the Valladolid plant and assure engine and transmission production in Valladolid and Seville, respectively.
Bosch says its fully autonomous vehicle technology could be ready by 2025. Whether the required infrastructure, which will cost at least €3 billion ($3.4 billion), will be ready by then remains to be seen.
To maintain growth, General Manager Emilio Herrera is heading an ambitious program of new-model launches, starting with the fourth generation of the Optima model arriving in Kia showrooms before the end of January.
Last year, Hyundai was the first automaker in the world to sell a vehicle powered by a hydrogen fuel cell. Hyundai Vice Chairman Woong-chul Yang makes it clear the automaker plans to be a trailblazer in hybrids as well as fuel cells....More
New-car sales in China are expected to grow at least 5% this year. But margins on those sales, already small, have vanished for many dealers. Retailers now are looking to look to areas such as finance and insurance and used-car sales for profits....More