Items marked by the "plant closure" tag:

The nationwide labor strike at GM’s factories and warehouses, triggered and supported by United Auto Workers (UAW), is extended into its 2-nd week, as the talks between the labor representative and the car manufacturer face serious contradictions, ranging from labor conditions for part-time workers to salaries for new employees.

Not long ago, Ford officially stopped production at its transmission production facility known as Ford Aquitaine Industries (FAI) in France. Founded in 1972, the FAI has now ceased to exist within the framework of the Ford’s restructuring strategy.

GM has officially stopped production at Warren Transmission Operations plant in Warren, Michigan. At the end of last year, the American auto giant announced the plan to close 5 of its production facilities in the US, and the Michigan facility was one of them. The facility was specialized in production of 6-speed automatic transmissions for the Chevrolet Impala and Cadillac XTS.

Ford has recently reported about the start of a new business model and a new family of cars within the framework of the largest company’s restructuring of business processes in Europe. The American Auto Giant plans to bring a vast improvement in its financial performance in Europe this year, creating a basis for achieving stable economic viability and its objective of providing a 6% EBIT margin.