Labor Unions Fret Over Fiat Chrysler-PSA Deal | The Auto World This Week


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European labor unions fret about jobs in Fiat Chrysler-PSA deal

The deal has stirred concerns in Germany and Britain where plants making Opel and Vauxhall cars have seen jobs cut in recent year as part of a cost-cutting drive pushed by PSA CEO Carlos Tavares, who will also lead the merged company.

Securing support from Europe’s powerful trade unions will be critical for the merged company, which will employ more than 400,000 staff and operate hundreds of factories worldwide. Read Full Story.

UK’s September car production hit by weak overseas demand, Brexit

“Another bitterly disappointing month reflects domestic and international market contraction,” SMMT CEO Mike Hawes said in a release. “Most worrying of all though is the continued threat of a ‘no-deal’ Brexit, something that has caused international investment to stall and cost UK operations hundreds of millions of pounds.”

Nissan, Toyota and Honda are among automakers that build cars in the UK, along with BMW Group’s Mini and Rolls-Royce brands, Volkswagen Group’s Bentley, Tata’s Jaguar Land Rover and the PSA-owned Vauxhall unit. Read Full Story

Tesla’s 2,000th supercharger in mainland China installed in Shanghai

US electric car maker Tesla said on October 30 the 2,000th supercharger in mainland China was installed at a commercial area in Shanghai

Tesla has unveiled V3 supercharger by which a Model 3 long range operating at peak efficiency can recover up to 75 miles (120km) of charge in 5 minutes and charge at rates of up to 1,000 miles (1600km) per hour. Tesla says V3 supercharging shall reduce charging time by an average of 50% Read Full Story





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