restructuring Archives - Page 2 of 2 - aftermarketNews
Ford Restructures India Operations

Ford India will cease manufacturing vehicles for sale in India immediately; manufacturing for export will end by Q4 2021.

Garrett Motion Picks ‘Enhanced’ Proposal For Reorg

Company targets emergence from Chapter 11 by April 30, 2021.

3M Announces Plans To Improve Cost Structure

Enhanced operations and marketing capabilities will position the company to better capitalize on global trends.

SKF Consolidates Manufacturing, Org Structure In France

The Avallon site currently has 140 employees and activities are expected to stop by the end of 2022.

Volvo Group Cuts Costs To Accelerate Transformation

The automaker plans to further reduce its white-collar workforce globally by approximately 4,100 positions.

ASA Announces Key Leadership Changes

“The restructuring will help allocate resources and personnel expediently, drive growth in services, meet changing customer demands and enable strategic innovation across our product pipeline,” said Dave Vogel, general manager of ASA Automotive Systems.

Ford Looks To The Future In Europe: Business Redesigned For Profitability, Efficiency, More New EVs And SUVs

At least three new nameplates will be released in the next five years, growing Ford’s utility vehicle line-up; electrification across the portfolio providing customer choice and delivering CO2 performance.

General Motors Accelerates Transformation; Creates $6 Billion in Cost Reductions

The automaker is taking steps to improve overall business performance, including reducing workforce and shutting down plants in Ohio, Michigan and Ontario.