Biyernes, Setyembre 27, 2019

UAW-GM strike dings suppliers as talks continue

The strike has cost UAW members, workers at parts suppliers, and small businesses that provide products and services to GM a combined $266 million in direct earnings, according to one analysis.


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Automakers facing antitrust probe to meet with DOJ, report says

Ford Motor Co., Honda Motor Co., BMW Group and Volkswagen Group, all of which reached a compromise agreement with California over vehicle emissions, are scheduled to meet next week with the Justice Department, Bloomberg reported.



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Flat Q3 projected for U.S. sales, despite big Sept. drop

U.S. new light-vehicle sales will take a hit in September because lucrative Labor Day weekend volume fell in August, with double-digit declines projected by some analysts for Toyota Motor Corp., Ford Motor Co. , FCA US and Nissan Motor.


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Senator calls for probe into EPA actions against California

Sen. Dianne Feinstein's request is another flashpoint in a series of conflicts between California and the Trump administration over the state's defense of its own stricter vehicle emissions standards and clean air and water rules.



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Fiat Chrysler to pay $40 million for inflated U.S. sales figures, SEC says

The settlement with the Securities and Exchange Commission follows nearly four years of litigation over FCA's inflated sales reports that were released from 2012 to 2016. In July 2016, the company revised more than five years of monthly U.S. vehicle sales figures to reflect a new reporting method, amid an investigation by federal authorities.



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Fiat Chrysler to pay $40 million over inflated U.S. sales figures, SEC says

The U.S. Securities and Exchange Commission said that between 2012 and 2016 Fiat Chrysler's U.S. unit issued monthly press releases falsely reporting new vehicle sales and falsely touting a "streak" of uninterrupted monthly year-over-year sales growth, when the growth streak ended in September 2013.



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BMW to keep staffing level stable, report says

The comments come as the automaker is reported to be planning to cut 6,000 positions by 2022.



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