Auto makers looking for a way to kick-start sales want the government to roll back excise-duty rates to 2008 levels, and introduce compulsory scrapping of passenger vehicles at least 15 years old....More
The unexpected compromise by the workers’ union came when both sides publicly acknowledged this week that the auto maker was in very difficult straits and both sides were working for its survival....More
The agreement will integrate 10 plants in India and six in Europe with a total of 10,000 employees and enable CIE to increase its annual sales by more than one-third, from €1.6 billion to €2.2 billion....More
During the 2009 downturn, most of the manufacturers curtailed spending and stopped adding capacity, only to be caught unawares when the market recovered in 2010. They do not intend to repeat that mistake....More
Analysts say the unrest consuming much of the industry is rooted in the lack of communication between workers and employers. There are few forums where they can discuss views and ideas on objectives, policies and practices....More
The car companies are dismayed by higher taxes on the SUVs, luxury cars and CBU units that have been the fastest-growing segments of the industry. Some worry about varying increases on vehicles competing in the same category....More
The auto maker emphasizes that 159 workers who were dismissed for cause during and after a fractious strike will not be rehired. Another 1,900 employees who accepted voluntary retirement in 2009 also will not be rehired....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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