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Showing results for tags 'Extension'.
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Maserati has made the decision to extend plant shutdowns over the holiday season in an effort to cut down on inventory. Sources at the FIOM and FIM unions tell Automotive News Europe the plants affected include, Grugliasco - home to the Ghibli and Quattroporte. The plant was shut down on December 15th and will not reopen until January 15th. Modena - home to Granturismo and Grancabrio. Plant was shut down on the 15th of December and will not restart production until January 15th Production of the Levante at Mirafiori will stop from today to January 15th A key reason for the production stoppage comes down to due to declining sales in China. Recently, the country introduced new rules on the relationship between dealers and automakers. One of those rules is automakers cannot impose stock on dealers. In October, Maserati moved 750 Levantes in China, down 67 percent from the same time last year. Maserati isn't doing so well in other markets. Despite sales being up 40 percent in the first nine months, mostly due to the Levante, sales in the EU dropped 4 percent in October and November. The U.S. was worse with a 15 percent drop. Maserati and Fiat Chrysler Automobiles declined to comment when asked about the production shutdowns. Source: Automotive News Europe (Subscription Required) -
Maserati has made the decision to extend plant shutdowns over the holiday season in an effort to cut down on inventory. Sources at the FIOM and FIM unions tell Automotive News Europe the plants affected include, Grugliasco - home to the Ghibli and Quattroporte. The plant was shut down on December 15th and will not reopen until January 15th. Modena - home to Granturismo and Grancabrio. Plant was shut down on the 15th of December and will not restart production until January 15th Production of the Levante at Mirafiori will stop from today to January 15th A key reason for the production stoppage comes down to due to declining sales in China. Recently, the country introduced new rules on the relationship between dealers and automakers. One of those rules is automakers cannot impose stock on dealers. In October, Maserati moved 750 Levantes in China, down 67 percent from the same time last year. Maserati isn't doing so well in other markets. Despite sales being up 40 percent in the first nine months, mostly due to the Levante, sales in the EU dropped 4 percent in October and November. The U.S. was worse with a 15 percent drop. Maserati and Fiat Chrysler Automobiles declined to comment when asked about the production shutdowns. Source: Automotive News Europe (Subscription Required) View full article
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Towards the end of February, U.S. District Judge Charles Breyer gave Volkswagen a deadline. On March 24th, the German automaker would have to give a definitive answer on the status of a fix for nearly 600,000 diesel vehicles. At a hearing this week, Breyer has moved the deadline to April 21st. According to Reuters, both the EPA and Volkswagen said at the hearing they are making progress on a reaching an agreement. But there are still a number of issues to work out. A possible issue is whether the EPA would accept a partial fix on some Volkswagen diesel vehicles. Earlier this month, an official from CARB said it might not be possible for Volkswagen to fully fix some of the diesel models involved in the scandal. But Judge Breyer told Volkswagen this was their only extension. If they don't reach a deal with the EPA by April 21st, Breyer would bring this issue to a trial. Source: Reuters View full article -
Towards the end of February, U.S. District Judge Charles Breyer gave Volkswagen a deadline. On March 24th, the German automaker would have to give a definitive answer on the status of a fix for nearly 600,000 diesel vehicles. At a hearing this week, Breyer has moved the deadline to April 21st. According to Reuters, both the EPA and Volkswagen said at the hearing they are making progress on a reaching an agreement. But there are still a number of issues to work out. A possible issue is whether the EPA would accept a partial fix on some Volkswagen diesel vehicles. Earlier this month, an official from CARB said it might not be possible for Volkswagen to fully fix some of the diesel models involved in the scandal. But Judge Breyer told Volkswagen this was their only extension. If they don't reach a deal with the EPA by April 21st, Breyer would bring this issue to a trial. Source: Reuters
