Automobile
Ford Motor planning to cut jobs through voluntary exits in Europe
Madrid: Ford Motor Co said on Thursday that it plans to cut jobs across all functions in a wider restructuring effort to improve profitability of its business in Europe, which could also include a potential alliance with Volkswagen AG on commercial vehicles.
The US car maker said it was starting consultations with union partners and stakeholders to create a “sustainably profitable business” in Europe. It aims to achieve the job cuts through voluntary exits in Europe as far as possible, reports Efe news.
US car company Ford to cut jobs to strengthen European business:
In the near term, Ford said it plans to reduce structural costs and adjust its product portfolio to improve financial performance.
“In parallel, the fundamental redesign will include changes to Ford’s vehicle portfolio, expanding offerings and volumes in its most profitable growth vehicle segments, while improving or exiting less profitable vehicle lines and addressing under-performing markets,” the company said.
On other hand Maruti Suzuki hikes prices of select models
Automobile major Maruti Suzuki India on Thursday hiked prices of select models owing to increase in commodity prices and foreign exchange rates etc, the company said.
“The price change varies across models and ranges up to Rs 10,000 (Ex-Showroom – Delhi). The new prices are effective from 10th January 2019,” the company said in a statement.
Hyundai India launched the much-awaited Creta Knight Edition in the country at a starting price of Rs 13.51 lakh (ex-showroom, all-India). This new variant is available in both petrol and diesel engine options and can be had either with a manual or an automatic transmission unit. To read more about the Creta Knight Edition, click here. In addition to this, the company has also introduced a model-year update for the Hyundai Creta with new feature additions.
The 2022 Hyundai Creta is now available in a new Denim Blue colour option and the Highline TPMS is now standard across all variants. The SX (O) trim now also gets a glossy black centre console. Furthermore, the company will offer the iMT option on the 1.5-litre petrol ‘S’ variant to further expand choices for the customers. The new S+ variant powered by a 1.4-litre T-GDi petrol engine with 7DCT now gets an additional set of features, such as –
– Smart panoramic sunroof
– 16-inch black alloy wheels
– Smartphone wireless charger
– Rear Disc Brakes
– Electronic Stability Control (ESC)
– Vehicle Stability Management (VSM)
– Hill start assist control (HAC)
– Paddle shifters
– Metal pedals
– Electric and auto-folding ORVMs
– Power window auto up/down
Mechanically, the SUV continues to be powered by the existing petrol and diesel engine options.
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