Uber cuts 3,000 more jobs, closes offices amid pandemic revamp

SAN FRANCISCO -- Uber Technologies Inc. eliminated an additional 3,000 jobs on Monday, is closing dozens of offices around the world and is shutting down many of its side projects in an effort to weather the coronavirus pandemic that has devastated the ride-hailing business.

Combined with the 3,700 employees in customer support and human resources Uber dismissed earlier this month, the cuts now total about 25 percent of the total workforce. A company spokesman said more job cuts could come.

Uber also plans to shutter non-core projects including its Incubator and AI Labs and a job-matching service called Uber Works, CEO Dara Khosrowshahi said in an email to staff Monday. Uber also will close or consolidate 45 of the several hundred offices it operates globally, including its Singapore office, which had served as a regional hub.

As a result of the changes, Uber will incur $175 million to $220 million of charges, mostly in the second quarter, according to a…

Read more
  • 0

U.S. auto industry returns to life after lockdown

DETROIT -- The Detroit 3 automakers and their suppliers began restarting assembly lines on Monday after a two-month coronavirus lockdown in a slow revival of a sector that employs nearly 1 million people in the United States.

On a chilly and damp Monday morning, hundreds of workers at Fiat Chrysler Automobiles' truck plant in Warren, Mich., began lining up before 4 a.m. to start the 5 a.m. shift. Signs overhead read: "Let's restart."

"I'm a little nervous," said Larry Smith, 53, of New Baltimore, who works on wheel alignment away from the assembly line. "They made all the precautions (and) they've done everything they can to prepare us ... I'm trusting in God."

Detroit automakers on Monday said there were no issues with absenteeism as the plants opened. A UAW spokesman said staffing levels were "at or above expectations."

FCA reopened four U.S. assembly plants on Monday, including Warren Truck, on a single shift, as well as four parts plants.

Read more
  • 0

Toyota introduces all-new Venza, all-new Sienna

Toyota National Dealer Advisory Council chairman on all-new Venza, all-new Sienna, digital retailing acceleration

In this video Q&A, Robby Findlay, director of operations at Findlay Automotive Group in the Southwest, discusses with Automotive News publisher Jason Stein where Venza and Sienna fit into the lineup, Toyota's leadership in hybrid powertrain innovation and how his dealership uses SmartPath as a tool to sustain sales activity amid the pandemic.

Read more
  • 0

Toyota National Dealer Advisory Council chairman on all-new Venza, all-new Sienna, digital retailing acceleration

Robby Findlay is director of operations at Findlay Automotive Group in the Southwest, which has 22 brands and crossed $2 billion in revenue in 2019. In this video Q&A with Automotive News publisher Jason Stein, Findlay discusses where Venza and Sienna fit into the lineup already on his lot, Toyota's leadership in hybrid powertrain innovation and how his dealership uses SmartPath as a tool to sustain sales activity amid the pandemic.

Read the transcript of the interview

Jason: Hi there, I'm Jason Stein, publisher of Automotive News. It's a pleasure to be here with you today, and I am joined by Robby Findlay. Robby Findlay is the chairman of the Toyota National Dealer Advisory Council, and he is in Flagstaff, Arizona today...also Director of Operations for Findlay Automotive. Robby nice to be with you. 

Robby: Hey, thanks for having me. 

On how Findlay Automotive Group is navigating the challenges of the…

Read more
  • 0

Toyota aims for minivan magic with Sienna makeover

Running in fourth place in one of the auto industry's least sexy segments is not traditional real estate for Toyota.

But the Japanese automaker hopes to change that with the introduction this year of a redesigned Sienna minivan that will boast much improved creature comforts and a standard hybrid powertrain with estimated fuel economy of 33 mpg combined — a 57 percent gain over the current, nonhybridized model.

The 2021 Toyota Sienna, due in dealer showrooms late this year, was scheduled to be revealed at the New York auto show last month before the event was postponed because of the COVID-19 crisis. Instead, the fourth-generation Toyota minivan, along with the all-new Toyota Venza hybrid crossover, debuted Monday in an online live event.

Redesigned onto Toyota's flexible TNGA-K platform — which underpins vehicles as diverse as the Camry, RAV4 and Highlander — the newest Sienna receives much-needed styling and interior updates, as well as extra safety e…

Read more
  • 0

Toyota revives Venza to pad crossover lineup

Toyota is filling some remaining white space in its crossover lineup with a new Japanese import that resurrects an old U.S. nameplate on a vehicle designed to plug the gap between the compact RAV4 and the three-row Highlander.

The 2021 Toyota Venza is a two-row, hybrid-only midsize crossover built on the same TNGA-K platform as the Highlander and RAV4 and known as the Harrier in Japan. Larger than the RAV4, but shorter and with a lower roofline than the Highlander, the Venza will come standard with both an electronic all-wheel-drive system and a hybrid powertrain capable of an estimated 40 mpg in combined fuel economy, Toyota says.

It is expected to arrive in Toyota dealerships in the U.S. this summer, giving the brand a seventh crossover or SUV when Americans are increasingly shifting out of cars to light trucks.

Toyota is following other automakers — think the Ford Edge, Chevrolet Blazer, Hyundai Santa Fe and Nissan Murano — in fielding a premium, mid…

Read more
  • 0

Hertz names new CEO in midst of effort to avoid bankruptcy

Hertz Global Holdings Inc. promoted the head of its North American car-rental operations to lead the company as its CEO leaves in the midst of efforts to ward off bankruptcy.

Paul Stone, a Hertz executive vice president and chief retail operations officer, becomes CEO immediately after the resignation of Kathryn Marinello, according to a statement. The company has until May 22 to restructure lease payments with bondholders and has cast doubt on its ability to pay debt obligations and continue as a going concern.

Marinello, 63, was in the top job for just under three-and-a-half years, and Stone, 50, will be Hertz’s fifth CEO since 2014. He spent almost three decades at Walmart Inc. and was chief retail officer at outdoor-gear retailer Cabela’s Inc. before joining Hertz in March 2018.

Hertz shares surged as much as 17 percent and were up 15 percent to $3.04 in Monday morning trading. The stock has plunged more than 80 percent this year.

Read more
  • 0

DAILY DRIVE PODCAST: May 18, 2020 | Balancing work and fear: A lesson for dealers and employees

Join Automotive News Publisher Jason Stein for a daily podcast series about the coronavirus crisis. He’ll speak with industry experts, insiders and Automotive News reporters about how the virus is impacting and reshaping the automotive industry.

Automotive News reporter Melissa Burden on the social media storm and backlash against a Louisiana dealership and its handling of an employee concerned about being exposed to COVID-19. What retailers can learn from the ordeal and the questions being raised about the legal rights of dealership employees.

How do I subscribe?

Can't wait to hear the next episode of "Daily Drive"? Subscribe through a podcast app to receive episodes days in advance. If you don't have a podcast app already, here are some options. 

iPhone / iPad

“Daily Drive” is available on the iTunes Store and through the ‘Podcast’ app pre-installed on all iOS devices. Click here to subscribe to "Daily Drive"

Read more
  • 0

Vacuum tycoon Dyson unveils canceled electric car

LONDON -- British inventor and entrepreneur James Dyson said he killed off his electric car project after it became clear he would have to charge over 150,000 pounds ($181,885) for the vehicle to make a profit on it

The billionaire businessman said in 2017 that he planned to develop and sell an EV by 2021, creating anticipation that he might shake up the car industry the same way as he had disrupted the household appliance market with his bagless vacuum cleaner.

Dyson canceled the car  last year, saying the project was being scrapped because it was not commercially viable, not because of any failures in research and development.

In his first public comments since the cancelation, Dyson told the Sunday Times that the project cost him 500 million pounds ($607 million) of his own money. "There's huge sadness and disappointment. Ours is a life of risk and of failure. We try things and they fail," he said in an interview published on Sunday.

Dyso…

Read more
  • 0

Lear CEO Scott on rebooting after COVID-19 shutdown: ‘It’s not a one-size-fits-all strategy’

FLINT, Mich. -- When seating supplier Lear Corp. penned and then published its "Safe Work Playbook" on April 6, the idea of returning to work in Michigan seemed a distant reality. The state's daily COVID-19 numbers remained on the rise, recording more than 1,500 new cases and 110 deaths. The curve was not going to flatten for another three weeks.

The company has suffered casualties. At least 13 people died from an outbreak at its plant in Juarez, Mexico. Others have fallen ill across plants in the U.S. prior to Lear shutting down operations last month.

DAILY DRIVE PODCAST: April 23, 2020: Lear's road to reopening

But Lear had reopened plants in China, including four locations in the epicenter of Wuhan, two weeks earlier in late March and would reopen plants in South Korea, Italy, Spain and Germany throughout April. Lear released an updated version of its playbook on April 27. The 80-page document is the culmination of what it learned and how it implement…

Read more
  • 0

Tesla tells employees it has county approval to reopen plant

PALO ALTO, Calif. -- Tesla Inc. told employees it received approval to resume operations at its factory after Elon Musk threatened to move the company’s headquarters and future programs following a move by a California county to block the reopening.

The company said Alameda County’s interim health officer had approved its Fremont work plan and safe measures, according to an email sent to employees that was seen by Bloomberg News.

In the message, Tesla’s vice president for environmental, health, and safety, Laurie Shelby, told employees that, following a visit by local authorities, “we have local support to get back to full production at the factory starting this upcoming week.”

Officials at Tesla and the county didn’t immediately respond to queries after regular business hours.

Tesla sued the county this month after it said the company didn’t meet criteria to reopen, a move Musk called “the final straw” as he threatened to move Tesla’s base to Nev…

Read more
  • 0

Japan vows to spend even as profits plunge

TOKYO — Toyota, Honda and Mazda all intend to keep stoking their heavy spending on costly next-generation technologies, even as the COVID-19 pandemic inflicts financial pain on them.

Toyota Motor Corp. saw net income tumble 86 percent in the January-March quarter, and Honda Motor Co. plunged to a net loss. But both said cash reserves are fine and that they are keeping their focus on the long-run game of autonomous, electrified and connected vehicles.

"In order to survive, we will continue to invest in the next-generation technologies at all cost," Honda CEO Takahiro Hachigo said last week while announcing his company's loss.

"We have no intention of scaling it down," he said.

Honda's earnings results were so dour that, for the first time since Japan's 2011 earthquake-tsunami disaster, the company refrained from making a financial forecast for the current fiscal year, which ends March 31, 2021.

Toyota P…

Read more
  • 0