Space Industry and Business News  
CAR TECH
Renault says China, South Korea plants restarting after virus shutdown
by Staff Writers
Paris (AFP) March 30, 2020

French automaker Renault said Monday it was resuming production at two factories in China and South Korea after they were shut down as authorities tried to limit the coronavirus outbreak.

"All of the group's factories are currently shut down, except for the factories in China and South Korea, which have resumed operations or are in the process of doing so," the company said in a statement.

Renault's site in Wuhan, the epicentre of the outbreak, was taken offline in late January. It has an annual production capacity of 150,000 vehicles.

The Busan factory in South Korea, which turns out 216,000 cars a year, was stopped on February 7.

Renault has already warned of possible factory closures as it races to cut costs amid the coronavirus crisis, after posting a net loss of 141 million euros ($156 million) for 2019 -- its first year in the red in a decade.

Unit sales fell 3.4 percent last year to 3.75 million vehicles.

The French government, which owns a 15 percent stake in Renault, has said it will be "vigilant" over plant closures or job cuts.

dga/js/mlr/bmm

Renault


Related Links
Car Technology at SpaceMart.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


CAR TECH
Volvo Cars halts Europe, US production
Stockholm (AFP) March 20, 2020
Chinese-owned Swedish auto maker Volvo Cars said Friday it would temporarily halt production at its European and US plants in order to mitigate the impact of the coronavirus outbreak. "Our primary concerns are the health of our employees and the future of our business," CEO Hakan Samuelsson said in a statement. The company said there was now a need for "social distancing" in order to reduce the spread of the virus. Production at the carmaker's Belgian plant in Ghent was stopped on Tuesday, ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CAR TECH
Print sprint: Bosnians 3D print face-shields to combat coroanvirus

Creating custom light using 2D materials

Raytheon awarded $17 million for dual band radar spares for USS Ford

Time-resolved measurement in a memory device

CAR TECH
Sixth Advanced Extremely High Frequency satellite ready for launch

Army scientists create quantum sensor that covers entire radio frequency spectrum

Northrop Grumman awarded $48.2M for MUOS satellite systems for Navy

Space and Missile Systems Center's multi-manifest satellite vehicle ready for integration on AEHF-6 mission

CAR TECH
CAR TECH
Chinese smartphone-maker debuts device with embedded ISRO navigation system

China launches new BeiDou navigation satellite

Beijing to beef up support for Beidou-related industry

Regulators move to fine telecoms for selling location data

CAR TECH
Wealthy flock to private jets as pandemic spreads and airlines tank

Delta warns of 80% revenue drop as US carriers fear doom

AFRL and industry team demonstrates first ever 200-LB thrust class low-cost engine

Air Force researchers developing wearable agent detector to improve aircraft maintainer safety

CAR TECH
Semiconductors can behave like metals and even like superconductors

New error correction method provides key step toward quantum computing

The ink of the future in printed electronics

A small step for atoms, a giant leap for microelectronics

CAR TECH
New satellite-based algorithm pinpoints crop water use

Global warming influence on extreme weather events has been frequently underestimated

Observing phytoplankton via satellite

India Planning Launch of 10 Earth Observation Satellites by March 2021

CAR TECH
Study suggests LEGO bricks could survive in ocean for up to 1,300 years

Micro-pollution ravaging China and South Asia: study

Toxic mineral selenium to blame for spinal deformities in California Delta fish

First-time direct proof of chemical reactions in particulates









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.