May 18th, the day the Privar Truck Assembly resumes. Photo: Images at the gate The morning shift is a convenient place to get your daily car news. Isn’t your time more important?
The Big Three relaunched their assembly line last month and since then stories have been circulating about new lawsuits and plant shutdowns. However, Reuters reports that the auto industry is now trying to win without a “major epidemic”. These, and many more, in The Morning Shift for 2020, Thursday to Thursday.
1st Gear: Reuters reports ‘no major outbreak’ days after UAW asks GM to plant shutters in new cases
A few days ago GM was refusing to shut down a plant in the middle of UAWs demanding protection. The union was demanding 20 cases.
And it was only a few days after the resumption that at least three people tested positive for COVID-19 at Ford.
Today, however, for some reason Reuters reported that there has been “no major outbreak” since the Big Three relaunch, not citing automakers and unions. Here’s a sneak peek as posted in the New York Times Business section:
DETROIT – Automakers are accelerating U.S. lines to meet recovery needs, with increasingly confident coronavirus protection protocols working to prevent their plants from being stimulated, but workers are wary of the challenges they face outside.
Using heating scans and questionnaires for screening staff for COVID-19, automakers identified some people reported to be working despite being ill. Some plants were briefly shut down for disinfection, but there has been no major outbreak since most of the auto plants in the U.S. reopened on May 18, officials from the agency and the United Auto Workers Union said.
G / O can get media commission
The piece warned that the coronavirus could cause a “shutdown” if the trees were uprooted, which is surprising, as Ford’s above-mentioned lawsuits brought the company to a standstill.
Here’s how it spread during the report, according to CNBC:
“It’s not a matter of creating a situation where it’s impossible to get sick,” said Stephanie Brinley, principal automotive analyst at IHS Markit. “What they’re creating is an environment that, if anything, manages it and manages it quickly.”
I think the most charitable text of these is that we start accepting some new cases as fines, until that happens, I don’t know, dozens, hundreds, thousands of cases.
2nd Gear: Lordstown Brock closes Ohio deal and may return দিতে 60M on GM public incentives
Remember when GM’s “scheduled” Lordstown union deal prevented the plant from shutting down? It was so weird! However, careful language or not, the plant has been shut down and the state of Ohio is seeking its refund, as the Associated Press reports:
Ohio officials are considering forcing General Motors Co. to return million 60 million to the public because it has decided to close a large assembly center near Youngtown.
The issue is an economic development deal more than a decade ago that gave GM millions of tax breaks in exchange for a promise to operate the Lordstown plant by at least 202 through.
Youngstown’s The Business Journal reported this week that state officials notified the automaker in March that shutting down the tree violated last year’s contract.
All of this was nothing to stop GM Cruise from making, which probably proved foolish when in five minutes when our economy collapsed and people wanted affordable cars again.
Third Gear: Tesla sues Elon and other executives for compensation packages
I don’t want to make one or the other decision on Tesla’s finances, especially when it comes to pensions or stocks or whatever, because these finances feel scammy and make me dream of running car companies without a shareholder, but I passed this news along with Bloomberg. I will.
It is “under the auspices of Elon Musk, a retiree Avris under the Pensions Fund under the Tenslaw Board, and there are allegations of compensation for executions against Tesla:
Tesla Inc. The director, along with co-founder Elon Kasturi, provided a huge compensation package for themselves over a three-year period that incorrectly invested millions of dollars outside of the electric car maker’s coffers, the company’s invested pension fund.
Directors – Larry Ellison, founder of Oracle Corporation, James Murdoch, son of media mogul Rupert Murdoch, and Kimball Musk, brother of Kastur, have squandered corporate assets in the award of the highest directorial salary among U.S. corporate boards, according to a Pentagon Detroit Said in the case.
Lawyers for the pension fund said in a 786-page complaint that Tesla board members used their position to “enrich their position from the company’s expenses.” “They have paid millions of rupees themselves and are ready to continue this relentless advance in the indefinite future.”
Veins will pop up when business journalists read this but executives use their positions to “enrich the company’s spending” to see how capitalism actually works.
Fourth Gear: Mitsubishi executives are cutting salaries at this point
Meanwhile, in the conflicting Mitsubishi, the Associated Press reports that spending cuts are going beyond discipline:
Mitsubishi Motors told its shareholders on Thursday that top executives were taking pay cuts to share responsibility for the automaker’s financial losses.
“I hope we can get your understanding,” the chief executive said, referring to how there would be no dividends due to the money cut.
Like other automakers, Mitsubishi Motors Corporation has seen its sales plunge into the coronavirus epidemic. It reported a loss of .8 25.8 billion (24 241 million) for the fiscal year ended March.
Cuto said reducing executive salaries and previous performance-linked bonus salaries reduced the amount by about 45 percent of their overall pay.
These could have been avoided if Mitsubishi only sold delicacies in the United States. Probably. Maybe.
5th Gear: Is the Fiat-PSA’s $ 50B Merger going beyond an antistrust probe … the smaller van?
I was not surprised to see the news that the FCA-PSA merger is in an unreliable investigation. I was surprised that it ended: small commercial van! According to the Financial Times, this is by far the most European thing:
Brussels has launched an in-depth investigation into the 50 50 billion involvement of Fiat Chrysler and PSA in France amid concerns that it could “reduce competition” in the lucrative small commercial van market.
The second phase of the investigation began on Wednesday after the European Commission failed to make any concessions to express concerns about their possible dominance in the market.
The commission argues that there are already initiatives to build vans in the region as a joint venture of workers, but the vehicles compete with each other in the forecast, the commission argues.
“In many countries the PSA or FCA is either the market leader in light commercial vehicles, and the merger will remove one of the key competitors,” it said.
I appreciate that Europe has taken the issue of small vans seriously, as I was waiting for the Nissan S-Cargo to become legal in America under the 25-year-old rule.
Conversely: I was not given a NASA ad in the newspaper
On June 18, 1983, the Space Shuttle Challenger was launched into space on its second mission. Dr. Sally K on the shuttle. Ride, who became the first American woman to travel to space as a mission specialist.
Ride, who previously pursued a professional tennis career, responded to a NASA newspaper ad in 1977, calling for young technologists who could work as mission specialists.
Neutral: How many coronavirus cases will there be in your work that will be a ‘major outbreak’?
If anyone shows up to work with Kovid, I’ll be out there, but at the moment my office is my living room.