Waymo seeks to expand driverless service to Los Angeles

Waymo seeks to expand driverless service to Los Angeles

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Jan 19 (Reuters) – Waymo, Alphabet Inc’s (GOOGL.O), opens new tab autonomous driving unit, said on Friday it had applied to the California Public Utilities Commission to expand its driverless service in Los Angeles.
A license would allow Waymo, which operates extensively in San Francisco, to fully operate its fleet in Los Angeles, California’s largest city, where it is now testing rides, allowing new rides only by invitation.
The utilities commission did not immediately respond to Reuters request for comment.

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Exclusive: Panasonic puts productivity boost ahead of new EV plant in US

Exclusive: Panasonic puts productivity boost ahead of new EV plant in US

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TOKYO, Jan 22 (Reuters) – Panasonic’s (6752.T), opens new tab battery business must focus on boosting productivity, Group CEO Yuki Kusumi told Reuters, signalling the Tesla supplier may hold off building a third battery plant in North America as demand for electric vehicles cools.
The battery unit, Panasonic Energy, had previously said, opens new tab it aimed to decide on building the factory by the end of March.
But Panasonic Holdings CEO Yuki Kusumi said in an interview that a decision would be made only “when the timing is right”.

Continue reading “Exclusive: Panasonic puts productivity boost ahead of new EV plant in US”

Stellantis buys Brazil’s DPaschoal in another components push in Latam

Stellantis buys Brazil’s DPaschoal in another components push in Latam

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SAO PAULO, (Reuters) – Stellantis (STLAM.MI), opens new tab said on Friday it is buying a 70% controlling stake in Brazilian automotive services firm DPaschoal, in the automaker’s latest move to expand its presence in Latin America.
Stellantis did not provide details of how much it paid for the stake.
The carmaker, which had focused on selling auto parts to its own car stores in Brazil, will expand its presence in Latin America’s largest economy through the acquisition. DPaschoal’s has 123 stores and 2,800 employees in the country, the companies said in a presentation.

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Waymo seeks to expand driverless service to Los Angeles

Waymo seeks to expand driverless service to Los Angeles

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(Reuters) – Waymo, Alphabet Inc’s (GOOGL.O), opens new tab autonomous driving unit, said on Friday it had applied to the California Public Utilities Commission to expand its driverless service in Los Angeles.
A license would allow Waymo, which operates extensively in San Francisco, to fully operate its fleet in Los Angeles, California’s largest city, where it is now testing rides, allowing new rides only by invitation.

Continue reading “Waymo seeks to expand driverless service to Los Angeles”

Exclusive: BYD’s Thai distributor to triple EV dealerships, expand commercial offerings

Exclusive: BYD’s Thai distributor to triple EV dealerships, expand commercial offerings

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BANGKOK, Jan 19 (Reuters) – The sole Thai distributor of BYD (002594.SZ), opens new tab, the world’s biggest electric vehicle maker, will triple its dealerships in Thailand in two years, it said, helping to cement the Chinese automaker’s dominant position in its top overseas market.
BYD overtook Tesla (TSLA.O), opens new tab as the world’s top EV maker in the fourth quarter last year, and the expansion in Thailand underscores its global push – especially in markets where its U.S. rival has yet to become a major vendor – as EV sales growth slows in its home market China.

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Battery maker Northvolt looks at sourcing cobalt from Congo

Battery maker Northvolt looks at sourcing cobalt from Congo

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STOCKHOLM, Jan 19 (Reuters) – Swedish battery maker Northvolt is looking to source cobalt, used to make chemicals for electric vehicle batteries, from the Democratic Republic of Congo (DRC), the company said on Friday.
The company has trialled material, studied work processes and compared plans to improve both social and environmental sustainability with the aim to find long-term partners.
“I would feel comfortable signing something this year in terms of engagement in sourcing,” Chief Environmental Officer Emma Nehrenheim said in a phone interview with Reuters. She did not give a definite timeframe.

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US announces $325 mln to repair EV chargers, cut battery costs

US announces $325 mln to repair EV chargers, cut battery costs

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(Reuters) – The U.S. Departments of Transportation and Energy will invest$325 million across three programs to advance EV technologies, repair chargers and cut battery costs, the White House said in a statement on Friday.
“This new funding for EV chargers will repair and replace existing, non-operational chargers across the country, reduce costs for deploying charging in underserved communities, and cut battery costs”, the statement added.

Continue reading “US announces $325 mln to repair EV chargers, cut battery costs”

Fire truck boom highlights divide in US manufacturing

Fire truck boom highlights divide in US manufacturing

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Jan 19 (Reuters) – Anyone looking around Oshkosh’s cavernous fire truck factory in Appleton, Wisconsin, for evidence of the longest U.S. manufacturing slump in two decades could be forgiven for coming away scratching their heads.
The delivery backlog for the company’s most sought-after fire-fighting rigs now stretches into 2026, part of a record $16 billion backlog for all types of the company’s trucks, which range from waste haulers and cement mixers to tow trucks and airport rescue vehicles. Oshkosh’s total revenues in 2022 equaled about half that amount.

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EPA sends vehicle emissions reduction plan to White House for review

EPA sends vehicle emissions reduction plan to White House for review

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WASHINGTON, Jan 19 (Reuters) – The U.S. Environmental Protection Agency (EPA) sent to the White House for review its proposal to finalize sweeping emissions cuts for new cars and trucks through 2032 that could drastically boost electric vehicle sales, a document made public on Friday shows.
The EPA in April proposed requiring a 56% reduction in projected fleet average emissions over 2026 model year requirements.

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Stellantis will avoid brutal price cuts, CEO says

Stellantis will avoid brutal price cuts, CEO says

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Summary

  • CEO Tavares presents new BEV platform for large vehicles
  • Cutting prices faster than costs would ‘destroy’ profits
  • No major impact seen from Red Sea supply disruptions
  • Stellantis will not change sourcing strategies
MILAN, (Reuters) – Stellantis (STLAM.MI), opens new tab must avoid being drawn into a price war that would destroy profitability and might eventually make many automakers takeover targets, CEO Carlos Tavares said on Friday.
Presenting the group’s new platform for large battery electric vehicles (BEV), Tavares said Stellantis, which is among the most profitable companies in the industry, was comparatively protected from a downtrend in prices that could put some rivals “in trouble”, with persistent losses and at risk of becoming takeover targets.

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Ford cuts F-150 Lightning production as EV demand softens

Ford cuts F-150 Lightning production as EV demand softens

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(Reuters) – Ford Motor (F.N), opens new tab said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) has been lower than expected.
The No. 2 U.S. automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts at the Michigan plant that builds the electric F-150 Lightning pickup truck.

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India developing very strong semiconductor industry; first made-in-India chip in December: Vaishnaw

India developing very strong semiconductor industry; first made-in-India chip in December: Vaishnaw

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Source : PTI | The first made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said here, crediting Prime Minister Narendra Modi for developing a very strong semiconductor industry in the country in a short span of time with focus on the entire ecosystem.

Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. Continue reading “India developing very strong semiconductor industry; first made-in-India chip in December: Vaishnaw”

Withdrawal of subsidy on electric vehicles may lead to stagnated growth for 2 years, Ather Energy CEO

Withdrawal of subsidy on electric vehicles may lead to stagnated growth for 2 years, Ather Energy CEO

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Source : PTI | Withdrawal of government’s incentive on sale of electric two-wheelers in April would prompt industry players to work hard and this could result into one or two more years of stagnated growth, Ather Energy’s CEO and co-founder Tarun Mehta said on Friday. “The industry is no longer entirely dependent on subsidies for survival but an early discontinuation of the subsidy in April would prompt industry players to tighten their belts and work hard.

“Despite this resilience, such a scenario would still result in one or two more years of stagnated growth, pushing the industry further away from its targets,” the CEO of the electric two-wheeler firm said in a statement. Continue reading “Withdrawal of subsidy on electric vehicles may lead to stagnated growth for 2 years, Ather Energy CEO”

Rolls-Royce drives in Spectre; dealer expects luxury car sales to grow in India

Rolls-Royce drives in Spectre; dealer expects luxury car sales to grow in India

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Source : PTI | Sales of ultra luxury car brands like Rolls-Royce are set to be on the growth path only in India with the economy expected to expand further enabling a new set of customers for such models, as per Select Cars CEO Yadur Kapur. Select Cars is the principal dealer of various luxury car brands in the country, including Rolls-Royce, Ferrari and Lamborghini.

The company on Friday introduced the Rolls-Royce Spectre, the company’s first fully electric luxury sedan, with price starting at INR 7.5 crore (ex-showroom).

Continue reading “Rolls-Royce drives in Spectre; dealer expects luxury car sales to grow in India”

WAF in partnership with SIMF & AITD launch ‘Towards Safer and Inclusive Roads’

WAF in partnership with SIMF & AITD launch ‘Towards Safer and Inclusive Roads’

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World Auto Forum & Safe India Mobility Forum organised a Roundtable Meeting of Industry experts today on Road Safety titled Road Safety Experts Roundtable. The theme was Towards Safer and Inclusive Roads.

Pan India Safety Experts participated, offline and online , heads of Govt Depts , IPS , IAS , heads of Dealer , OEMs, Mobility Related Bodies and Transport Associations.

Continue reading “WAF in partnership with SIMF & AITD launch ‘Towards Safer and Inclusive Roads’”

US awards nearly $150 mln to repair, replace EV charging stations

US awards nearly $150 mln to repair, replace EV charging stations

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WASHINGTON, (Reuters) – The U.S. Transportation Department said on Thursday it is awarding $148.8 million for projects in 20 states to repair or replace nearly 4,500 existing electric vehicle charging ports.
The announcement is the latest in a string of awards to boost EV charging, as President Joe Biden’s administration looks to finalize new rules in coming months that could dramatically boost EV sales.

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EU December car sales down 3.3% y/y as German market slows -ACEA

EU December car sales down 3.3% y/y as German market slows -ACEA

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(Reuters) – New car sales in the European Union declined by 3.3% in December, dragged down by slowing demand in Germany, data showed on Thursday, in the first decrease in 16 months.
The year-on-year drop can also be attributed to a comparatively strong performance of the market in December 2022, the European Automobile Manufacturers Association (ACEA) said.

Continue reading “EU December car sales down 3.3% y/y as German market slows -ACEA”

China’s BYD launches electric cars in Indonesia, aims to be market leader

China’s BYD launches electric cars in Indonesia, aims to be market leader

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JAKARTA, (Reuters) – China’s BYD (002594.SZ), opens new tab, the world’s biggest electric vehicle maker, unveiled three battery EV models in Indonesia on Thursday as it seeks to become market leader in the segment in Southeast Asia’s biggest economy.
BYD overtook Tesla (TSLA.O), opens new tab as the world’s top EV maker in the fourth quarter, with most of the 526,000 vehicles it sold going to the China market.

Continue reading “China’s BYD launches electric cars in Indonesia, aims to be market leader”

Tesla, Ford among the most shorted stocks in 2023 – Hazeltree

Tesla, Ford among the most shorted stocks in 2023 – Hazeltree

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LONDON, (Reuters) – Hedge funds took the most bets against auto companies Tesla (TSLA.O), opens new tab, Ford (F.N), opens new tab, and communications company Charter Communications (CHTR.O), opens new tab in the United States last year, a report by data firm Hazeltree said on Thursday.
A short bet expects a company’s stock price to decline.

Continue reading “Tesla, Ford among the most shorted stocks in 2023 – Hazeltree”

Vietnamese EV maker VinFast misses 2023 deliveries goal, but Q4 up

Vietnamese EV maker VinFast misses 2023 deliveries goal, but Q4 up

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HANOI, (Reuters) – Vietnamese electric vehicle (EV) maker VinFast on Thursday said it delivered nearly 35,000 cars in 2023, below its target of at least 40,000 units, blaming slow EV adoption in some regions, tough competition and uncertain economy.
The deliveries in the last three months of 2023, however, increased 35% against the third quarter to 13,513 units, the company said.

Continue reading “Vietnamese EV maker VinFast misses 2023 deliveries goal, but Q4 up”

BMW taps humanoid startup Figure to take on Tesla’s robot

BMW taps humanoid startup Figure to take on Tesla’s robot

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(Reuters) – Robotics startup Figure said it has signed a partnership with BMW Manufacturing to deploy its humanoid robots in the car maker’s facility in the U.S., as more companies turn to human-like robots to take on certain physical tasks.
This marks the first commercial deal Figure has signed since it was founded in 2022. While the company didn’t disclose how many robots BMW will be using, the partnership will start with small quantities and expand if performance targets have been met, according to Brett Adcock, chief executive at Figure.

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Self-driving tech firm TuSimple plans to delist from Nasdaq

Self-driving tech firm TuSimple plans to delist from Nasdaq

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 (Reuters) – TuSimple Holdings (TSP.O), opens new tab said it has decided to voluntarily delist from the Nasdaq and terminate its registration with the U.S. securities regulator, sending the autonomous driving technology company’s shares down 40% in premarket trading.
The company, which went public in 2021, said its valuation and liquidity have declined since, while its stock price volatility has increased “significantly”.

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Volvo Cars sees ‘tremendous growth’ in EVs, CEO says

Volvo Cars sees ‘tremendous growth’ in EVs, CEO says

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DAVOS, Switzerland, (Reuters) – Volvo Cars (VOLCARb.ST), opens new tab remains confident of “tremendous growth” in the electric vehicles market, CEO Jim Rowan told the Reuters Global Markets Forum, opens new tab in Davos on Wednesday, countering gloomier projections from rivals.
The carmaker, which aims for electric vehicles (EVs) to contribute half its sales volume by mid-decade and to sell only EVs by 2030, said the growth in demand for its premium brand was stronger than that of mass-market rivals.

Continue reading “Volvo Cars sees ‘tremendous growth’ in EVs, CEO says”

China’s SAIC set to add 14 vehicle vessels to boost exports

China’s SAIC set to add 14 vehicle vessels to boost exports

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SHANGHAI/BEIJING, (Reuters) – SAIC Motor Corp (600104.SS), opens new tab plans to add 14 vehicle vessels in the next three years to its fleet of carriers as the state-owned Chinese automaker aims to boost sales in overseas markets, it said on Wednesday.
SAIC-owned Anji Logistics operates 31 carriers that have been shipping vehicles produced by Chinese automakers including Dongfeng (600006.SS), opens new tab, Yutong Bus (600066.SS), opens new tab and Great Wall Motor (601633.SS), opens new tab as well as SAIC’s own brands to South East Asia, Mexico, South America and Europe, the company said.

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Renault 2023 sales return to growth with focus on top models, markets

Renault 2023 sales return to growth with focus on top models, markets

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 (Reuters) – Renault (RENA.PA), opens new tab on Wednesday reported a 9% increase in annual global sales volumes for 2023, returning to growth after four consecutive years of decline and the French automaker said it was poised to continue performing well in 2024.
In morning trading, Renault shares were down 1.9%, alongside other European automakers whose shares were hit after Tesla (TSLA.O), opens new tab slashed prices of its Model Y electric cars in Germany.

Continue reading “Renault 2023 sales return to growth with focus on top models, markets”

Exclusive: BYD to stop making pouch batteries for its hybrid EVs on leakage concerns

Exclusive: BYD to stop making pouch batteries for its hybrid EVs on leakage concerns

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HANGHAI, (Reuters) – China’s BYD plans to end production of the pouch-type batteries used in its best-selling hybrids as the automaker seeks to address durability concerns and the risk that they could leak, said three people familiar with the matter.
The world’s top seller of battery-powered cars last month began converting production lines for pouch-type cells in two of its factories situated in Shaanxi and Zhejiang provinces to produce prismatic batteries instead, said one of the people, who had direct knowledge of the matter.

Continue reading “Exclusive: BYD to stop making pouch batteries for its hybrid EVs on leakage concerns”

Govt forms panel to examine demands for inclusion of more components in Auto PLI: Minister

Govt forms panel to examine demands for inclusion of more components in Auto PLI: Minister

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Source : PTI | The government has constituted a committee to examine the auto industry’s demand for including more components in the production-linked incentive scheme for automobile and auto components, Union Minister Mahendra Nath Pandey said.

“A committee has been constituted to examine demands from stakeholders to include more (automotive) components in the scope of the PLI scheme as technology keeps evolving. It will be chaired by an Additional Secretary in the Ministry of Heavy Industries and have 11 members including those from testing agencies like ARAI and the auto industry,” the heavy industries minister told PTI.

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500 electric buses to be flagged off in Delhi on Jan 23: Transport Minister Kailash Gahlot

500 electric buses to be flagged off in Delhi on Jan 23: Transport Minister Kailash Gahlot

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Source : PTI | New Delhi: Delhi Transport Minister Kailash Gahlot on Tuesday said 500 electric buses will be flagged off in the national capital on January 23, taking the number of such buses on city roads to 1,800. Gahlot said this while travelling in a Delhi Transport Corporation (DTC) bus. During his bus ride, which sought to encourage people to use public transport, the minister also interacted with people.

“Currently, there are 1,300 electric buses… (on Delhi roads). On January 23, 500 more buses will be flagged off, taking the number of such buses to 1,800,” Gahlot said. Continue reading “500 electric buses to be flagged off in Delhi on Jan 23: Transport Minister Kailash Gahlot”

JSW to invest INR 9,000 cr for setting up 1500 MW pumped storage project in Telangana

JSW to invest INR 9,000 cr for setting up 1500 MW pumped storage project in Telangana

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Source : PTI | JSW Neo Energy, a subsidiary of JSW Energy, has announced establishment of a pumped storage project with a generation capacity of 1,500 MW, at an outlay of INR 9,000 crore in Telangana.

An official release issued on Wednesday said a Memorandum of Understanding (MoU) was signed between the state government and JSW Neo Energy at the World Economic Forum being held in Davos.

Continue reading “JSW to invest INR 9,000 cr for setting up 1500 MW pumped storage project in Telangana”

Govt may look for providing incentives or supporting initiatives to retrofit old vehicles into EVs: Report

Govt may look for providing incentives or supporting initiatives to retrofit old vehicles into EVs: Report

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Source : PTI | The government may look for providing incentives or supporting initiatives to retrofit old vehicles into electric vehicles instead of scrapping them, a report said on Thursday. According to the joint report by management consultancy firm Primus Partners and ETB (European Business and Technology Centre), transitioning the internal combustion engine-powered vehicles to electric vehicles through retrofitting presents a spectrum of challenges.

However, with a coordinated approach involving government initiatives, industry collaboration, and public engagement, these challenges can be effectively addressed and overcome, it said.

Continue reading “Govt may look for providing incentives or supporting initiatives to retrofit old vehicles into EVs: Report”

ETO Motors to deploy 500 electric three-wheelers in UP

ETO Motors to deploy 500 electric three-wheelers in UP

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Source : PTI | New Delhi: ETO Motors on Monday said it has bagged an order to deploy 500 electric three-wheelers in Uttar Pradesh, with special focus on Ayodhya. The Letter of Award (LoA) given by the Uttar Pradesh government has given the company the responsibility to deploy and manage the electric three-wheelers in Lucknow, Ayodhya, Varanasi, Prayagraj, Agra, Mathura, and Gorakhpur, ETO Motors said in a statement.

Notably, ETO Motors has received authorisation to initiate the deployment with a special focus on Ayodhya, coinciding with the inauguration of the Ram Temple, it said.

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Hyundai expects SUVs to account for 65% of its total volumes this year

Hyundai expects SUVs to account for 65% of its total volumes this year

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Source : PTI | Hyundai Motor India expects sports utility vehicle sales to account for 65% of its overall volumes in 2024, the company’s COO Tarun Garg said. The company, which currently gets around 60% of its overall volumes from SUV sales, plans to invest INR 7,000 crore on its second plant at Talegaon, according to Maharashtra Deputy Chief Minister Devendra Fadnavis. The company officials declined to comment.

The company also plans to commence production at the newly acquired manufacturing plant at Talegaon plant in Maharashtra next year, Hyundai Motor India COO Tarun Garg said. Continue reading “Hyundai expects SUVs to account for 65% of its total volumes this year”

NHAI prohibits cycles, two and three-wheelers movement on 3 National Highways

NHAI prohibits cycles, two and three-wheelers movement on 3 National Highways

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Source : PTI | New Delhi: State-owned NHAI prohibited the movement of two and three-wheelers on three ‘access controlled’ national highways having connectivity with the National Capital Territory (NCT) of Delhi. National Highways Authority of India (NHAI) has also restricted the plying of non-motorized vehicles, agricultural tractors, multi-axle hydraulic trailer vehicles and quadri-cycles on the said sections citing safety reasons, according to a notification.

The sections include “Delhi-Gurugram section of NH-48 starting from Km 14+300 (starting of RTR flyover) till Km 42+000 (Kherki Daula user fee plaza) in Delhi/Haryana, and NH-344M starting from its junction with NH-44 near Bankoli village connecting Narela, Mundka, Najafgarh, Dwarka and terminating at its junction with NH-248 BB near Bhartal chowk,” it said. Continue reading “NHAI prohibits cycles, two and three-wheelers movement on 3 National Highways”

Green hydrogen key to India’s net zero journey: Gautam Adani

Green hydrogen key to India’s net zero journey: Gautam Adani

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Source : PTI | New Delhi: Billionaire Gautam Adani on Tuesday said green hydrogen holds the key to India’s journey to net-zero carbon emissions, and its current high cost can be reduced by replicating the solar power model. In a blog post for the World Economic Forum (WEF), the head of apples-to-airport Adani Group said leapfrogging to renewables and green hydrogen will help India achieve energy security and improve air quality in cities.

Green hydrogen produced by splitting water using renewable electricity is a clean fuel with no carbon emissions. It can be used as a feedstock in industries like steel and oil refineries and as fuel in automobiles and produces water on being burnt.  Continue reading “Green hydrogen key to India’s net zero journey: Gautam Adani”

India’s engineering goods exports grow 10.20% in December amid global challenges

India’s engineering goods exports grow 10.20% in December amid global challenges

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Source : PTI | Despite various challenges arising out of geopolitical tension and tight financial conditions in major advanced economies, India’s engineering goods exports recorded a year-on-year growth of 10.20% to USD 10.04 billion in December 2023. While this represents a strong rebound, the sector still faces uncertainties due to the prevailing global economic conditions, an EEPC official said.

“It has been a challenging period for engineering exporters. Tensions in Europe and now in West Asia have posed significant downside risks,” Engineering Export Promotion Council of India Chairman Arun Kumar Garodia said. Continue reading “India’s engineering goods exports grow 10.20% in December amid global challenges”

BMW CFO: sales growth is mostly electric as combustion engine ‘tipping point’ passes

BMW CFO: sales growth is mostly electric as combustion engine ‘tipping point’ passes

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BERLIN, (Reuters) – BMW (BMWG.DE) has passed the tipping point for combustion engine vehicle sales and now generates most sales growth from electric cars, its chief financial officer said in a media roundtable.

“The tipping point for the combustion engine is already there,” CFO Walter Mertl said, adding that in his view it had been passed last year. Continue reading “BMW CFO: sales growth is mostly electric as combustion engine ‘tipping point’ passes”

Volvo eyes sale of Arquus to John Cockerill, takes $87 mln hit

Volvo eyes sale of Arquus to John Cockerill, takes $87 mln hit

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(Reuters) – Sweden’s Volvo (VOLVb.ST) said on Monday it had signed an option agreement to sell its Arquus defence unit to John Cockerill Defense, and would book a fourth-quarter operating loss from the deal of some 900 million Swedish crowns ($87.44 million).

Volvo expected consultations to become finalised during the first quarter of this year. In 2022, Arquus, with about 1,200 employees in France, represented around 1% of Volvo Group revenues, it said in a statement. Continue reading “Volvo eyes sale of Arquus to John Cockerill, takes $87 mln hit”

Toyota aims to produce about 10.3 mln vehicles globally in 2024 – Nikkei

Toyota aims to produce about 10.3 mln vehicles globally in 2024 – Nikkei

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TOKYO, (Reuters) – Toyota Motor (7203.T) plans to produce about 10.3 million vehicles globally in 2024, renewing its record annual production for the second consecutive year, the Nikkei reported on Monday.

Toyota is preparing to increase production thanks to strong sales of hybrid vehicles. The shortage of automotive semiconductors and other components is also easing, the Nikkei said. Continue reading “Toyota aims to produce about 10.3 mln vehicles globally in 2024 – Nikkei”

Stellantis plans some 2,250 temporary layoffs at Italian Mirafiori plant

Stellantis plans some 2,250 temporary layoffs at Italian Mirafiori plant

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MILAN,(Reuters) – Carmaker Stellantis (STLAM.MI), will temporarily lay-off about 2,250 workers at its Mirafiori plant in the Italian city of Turin in the coming weeks in response to weak demand, unions said on Monday.

The lay-offs will apply from Feb. 12 to March 3 and affect 1,250 workers making the electric Fiat 500 and a further 1,000 producing Maserati models, a company spokesperson said, confirming a union statement. Continue reading “Stellantis plans some 2,250 temporary layoffs at Italian Mirafiori plant”