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...While use of large mechanical arms to carry out functions from lifting entire cars to installing some parts is common across the auto industry, this is one of the first uses of robots with a human appearance...
...Douglas Fraser, who was president of the United Auto Workers, joined the board of Chrysler in 1980 after the UAW granted the company $460mn in concessions to help the financially floundering carmaker....
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...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...The next European Commission will need to look at more difficult ideas such as auto-enrolling workers in a private pension....
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...This is a lesson learnt from the UK which, for years, struggled to attract auto investors after losing many of its parts suppliers to lower-cost regions. Some of the largest US names are adapting....
...The United Auto Workers will expand its strike against Ford and General Motors, while sparing Stellantis from further action, citing progress with the company at the bargaining table....
...Among the bigger companies are Copart and Insurance Auto Auctions, which auction off junked cars; LKQ, which sells salvaged parts to repair shops and retail customers; and Boyd Group Services, which buys...
...Part of the reason behind the takeover, which Schaeffler said would by 2029 lead to synergies worth €600mn a year, was a desire to “simplify” the company’s shareholder structure, with the family giving up...
...“China imposes restrictions on American autos and other foreign autos operating in China,” Biden added....
...Companies that cannot respond to the changes will be wiped out,” said Honda’s president Toshihiro Mibe....
...Lotus came into the Geely fold in 2017, as part of a deal to invest in Malaysian owner Proton. After taking a 51 per cent stake, Geely poured £3bn into the once-sleepy business....
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
...“We will shut down parts distribution until those two companies come to their senses,” he added....
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...Fewer parts, fewer parts in the power train. And so the UAW itself has estimated in the past that, you know, as many as 35,000 jobs could be lost as the shift happens....
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...Forvia, which ranks itself as the world’s seventh biggest auto technology supplier, said it was clamping down on costs in Europe in part to cope with “the arrival of newcomers from Asia.”...
...For their part, Chinese auto executives are pushing back at what they regard as western protectionism....
...The auto industry is one of the more heavily unionised parts of the US economy — and United Auto Workers are striking in part to ensure that remains the case, even as the transition to electric vehicles...
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