FCA, aligning volume with demand as Dodge Grand Caravan output is discontinued in late May, said the longtime minivan factory will switch to a "traditional two-shift operation" starting June 29, resulting in 1,500 layoffs.
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When it hits dealer lots beginning March 1, it will be priced competitively — starting at $28,870, including shipping — against one of its top compact crossover rivals.
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The change is a victory for dealers, many of whom effectively halted GAP sales to military customers for fear of running afoul of the rule.
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The British Columbia-based automaker says it has narrowed its search to seven states and that the planned U.S. facility is expected to employ up to 200 people.
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As auto companies cut back on the number of executives attending the annual trade fair because of health concerns, the show's organizer said it is awaiting official guidance on whether public events should be canceled.
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Reflecting lower showroom traffic because of the Lunar New Year holiday and the emergence of the coronavirus, auto sales in China fell 19 percent in January, more than expected and marking the industry's 19th consecutive monthly decline, the country's biggest auto industry association reported.
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Ford, which acquired Spin in 2018 for an undisclosed sum, wants to help the scooter company engage with city governments and understand the environment in markets it wants to enter.
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CATL, China's top electric-vehicle battery maker, is seeking to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund expanded battery output in Fujian, Jiangsu and Sichuan, undertake an energy storage research project, and increase working capital.
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While Tesla had bucked the trend in China’s waning electric-car market in the previous two months, the January drop shows the U.S. brand isn’t immune to the challenges the industry is facing.
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The automaker predicted a decline in first-half revenue and said the market launch of its crucial DBX SUV was subject to any impact on the supply chain from the coronavirus outbreak.
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