Whilst JLR is still battling against the hack that caused them to shut all their systems down on the 2 September, there is some positive progress. The company has started a phased process of turning back on some systems and they expect to begin limited car production later this week. On top of that, the Government has guaranteed 80% of a loan the company is seeking to take out to help cover the costs resulting from the shutdown. To find out the latest, click this Autocar article link here.
Link to Professor David Bailey’s piece explaining about the loan JLR has taken out and the UK Government has guaranteed a portion of, can be clicked here.
Due to a lower demand than anticipated, the Volkswagen Group is pausing EV production in several factories. The factories in Zwickau and Emden in Germany, as well as Tennessee in the US, will pause production of various electric models in the coming weeks. Tariffs are also impacting the finances of the company which is already struggling to cut costs. Click this InsideEVs article link here to read more.
Stellantis is another company that is pausing their car production facilities due to cost savings, lacklustre sales figures and the impact of the tariffs. Pomigliano factory, in Italy, is currently not making the Fiat Panda and Alfar Romeo Tonale. The Poissy site, in France, will pause production for the middle of October. On top of that facilities in Poland, Spain and Germany are also expected to follow suit. If you want to find out more, click this Carscoops article link here.
In what should be no surprise to anyone, Bentley will be keeping combustion engine powertrain options in their cars contrary to the previous ‘Beyond100’ plan, just as Porsche has announced. You can read more, by clicking this Autocar link here.
Bosch is cutting up to 13,000 jobs on top of the previously announced 9,000. This is a result of trying to save €2.5 billion. Of note, Bosch is the world’s largest automotive supplier. For more on this story, click the link here to an electrive article.
The French Government has asked to see Nissan’s payments to suppliers. There is no indication as to why this has occurred nor is there a suggestion Nissan has done anything wrong. In France companies have to pay invoices within 60 days. Click this Yahoo!Finance article to read more.
CTO Markus Schäffer is leaving Mercedes-Benz, after 30 years service. Jörg Burzer will move from head of production, quality and supply chain management to replace him. That means Michael Schiebe will move on from being in charge of Mercedes-AMG to take up Burzer’s old role. A new head...
