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Next-Gen Rolls-Royce Ghost Takes Shape

Next-Gen Rolls-Royce Ghost Takes Shape

It’s bigger, sleeker, more powerful and chock-full of advanced technology.

But at its core, the all-new Ghost sedan is a Rolls-Royce. Despite recent claims of a “post-opulence” approach, the redesigned 2021 model still is the epitome of ultra-luxury, refinement and amenities.

Refined Ride

Gone is the previous generation’s BMW 7-derived chassis. In its place is a Rolls-exclusive platform that also carries the marquee’s Phantom sedan and Cullinan crossover vehicle.

Built on a 130-inch wheelbase, the new Ghost stretches to 218 inches from bumper to bumper and is 85 inches wide and 62 inches tall. This makes it more than an inch wider and nearly four inches longer than its predecessor. A long-wheelbase variant adds another seven inches in length, most of ...READ MORE

Mahle, Inc.
Canadian Auto Workers Want Pre-Vote Look Next Labor Pacts

Bullet points won’t be enough this time.

Members of Canada’s Unifor union say they want to see the fine print, not just a summary, before their next labor contracts with the General Motors, Ford and Fiat Chrysler Automobiles come up for a vote this autumn.

The current three-year pacts cover roughly 17,000 Canadian auto workers and expire on Sept. 21. As usual, members are especially concerned about wages and job security.

Pioneering Pacts

But this year’s round of negotiations carries special significant. The deals that result will be the first made under the U.S.-Mexico-Canada trade agreement that took effect two months ago. (The United Auto Workers union negotiated its latest contracts a year ago.)

USMCA, which replaces the 26-year-old North American Free Trade ...READ MORE

Report: Ford to Cut 1,000 salaried jobs in U.S.

Ford plans to trim about 1,000 jobs from its white-collar workforce in the U.S. this year through voluntary buyouts, according to multiple media reports.

The cuts, which could be announced later this week, are said to be part of the $11 billion global restructuring plan Ford began about three years ago. They are not directly related to the economic downturn caused by the coronavirus pandemic, according to Bloomberg News.

Ford declined to comment.

Ongoing Global Overhaul

Last year, Ford laid off 7,000 salaried workers worldwide in the first phase of the restructuring, leaving it with a total of 190,000 employees. Those cuts are expected to save the carmaker $600 million per year.

To date, the focus has been on rightsizing Ford’s money-losing European operations, and to a ...READ MORE

U.S. Court Overturns Fuel Economy Penalty Rollback

Carmakers can expect far stiffer penalties for falling short of federal fuel economy standards.

Yesterday, a three-judge panel of the U.S. Court of Appeals for the Second Circuit in Los Angeles unanimously overturned a year-old Trump administration move to suspend tougher fines.

The court’s decision reinstates a hike in the penalty from the former $5.50 to $14 per 0.1 mpg of shortfall, multiplied by the number of affected vehicles.

Losing Clout

The levies are intended to encourage carmakers to meet federal corporate average fuel economy standards set by the National Highway Traffic Safety Administration. But critics note that the CAFE penalties, which started at $5 in 1975, have been raised only once—and that was 23 years ago.

Congress recognized that inflation was ...READ MORE

Tesla Cashes in on Surging Stock

Can you ever have too much money? Apparently not, if you’re Tesla.

A day after completing a five-for-one stock split, the electric vehicle giant announced plans for a $5 billion capital raise to take advantage of surging demand for its shares.

Under the plan, the carmaker will sell new shares of common stock through 10 leading financial institutes. No timeline was provided for completing the sale.

What’s it For?

Tesla says it doesn’t have any immediate plans to use the money, other than to strengthen its balance sheet and “general corporate purposes.” CEO Elon Musk previously has said the company wouldn’t need to raise any capital to pay for its ambitious growth plans, which includes several new products and constructing factories in Germany and ...READ MORE

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