Hyundai terminates the Alaa line due to lack of spare parts
Montgomery, Ala. A production line in Alabama that produces several Hyundai cars in North America will be closed this week due to a shortage of parts.
The Montgomery Address newspaper reported that the closure would leave about 1,000 regular workers temporarily out of work for seven days.
The problem is that Hyundai Motor Manufacturing Alabama hasn’t been able to get enough parts due to a lack of semiconductors. As a result, production at the Montgomery plant will be suspended until June 21st.
“No further disruptions are anticipated for this reason,” said Robert Burns, vice president of human resources and management.
Burns said the company “will continue to work with Hyundai Motor Group’s global procurement team to customize microchips for its US plant to improve production over the coming weeks and months.”
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There are approximately 3,000 employees at the Montgomery plant, which produces Sonata, Elantra, Santa Fe sedans and Tucson SUVs. It began rolling out the new Santa Cruz pickup earlier this month after a $ 410 million expansion.
The best leaders of e-truck startups resign
NEW YORK – Lordstown Motors’ two top executives have resigned over problems starting electric trucks in Ohio.
The company said earlier on Monday that CEO Steve Burns and chief financial officer Julio Rodriguez have stepped down, sending shares down 40% this year, down more than 21%.
The departures come less than a week after Lordstown warned it may not be up and running in a year as it struggles to get funding to start full production. In a regulatory document, the company said the $ 587 million it had as of March 31 was not enough to begin commercial production of its full-size electric truck, called the Endurance, at a former General Motors plant in Ohio near Youngstown. .
However, Lordstown ran into trouble shortly after it went public last year. In January, an Endurance prototype pickup truck caught fire 10 minutes after its first test drive in Michigan. So the company failed to pay $ 570,000 in property tax due in early March.
Lordstown appointed Chief Independent Director Angela Strand as CEO on Monday and said she will oversee the organization’s transition until a permanent CEO is found. Strand is the CEO of the Strand Strategy consulting firm. Becky Rove, who was interim chief financial officer of Eastman Kodak, Hudson’s Bay and Saks Fifth Avenue, was named interim chief financial officer.
The inland port project receives a $ 2 million grant
Gainesville, Georgia – An inland port project connecting northeastern Georgia to the Port of Savannah by rail received a $ 2 million federal grant.
US Senators John Osoff and Raphael Warnock announced the Department of Commerce grant, which will fund road and infrastructure improvements needed to open Northeast Georgia’s inland port in Hall County.
The Georgia Ports Authority has been working on the project since late 2018, which will transport cargo containers for import and export by train between the Gainesville area in northeast Atlanta and the Savannah docks. This is about a 300-mile trip by truck.
The port authority said the train station, once completed, will be able to transport around 150,000 containers each year.
Georgia actually has two similar railroad inland ports in Murray County near the Tennessee state line and Crisp County in southwestern Georgia.
Ferrari enters the world of fashion and is aimed at young people
MARANELLO, Italy – Production Ferrari V12s hovered above the factory floor as the 74-year-old luxury automaker ushered in a new era as a lifestyle brand.
The Italian company known for its Formula 1 racing cars and luxury trams has unveiled its first range of ready-to-wear, aimed at a younger generation who may not be familiar with the coveted proportions of F1 and street car.
Exhibitors walked along the stalled production line in a symbolic gesture that underscored the creative interplay between Ferrari’s long line of sleek and sinuous bodies and Creative Director Rocco Ianon’s fashion line.