Rover Group Introduces 24-Hour Car Production Line
Rover Group Introduces 24-hour Car Production Line LONDON - Rover Group PLC is introducing 24-hour car production, becoming the first British company to make vehicles around the clock, the firm said Wednesday. The company said trade unions have agreed to the schedule change, which will create an extra 1,200 jobs at its Longbridge factory, near Birmingham. The round-the-clock work is needed to meet production demands for the new Rover 200 hatchbacks, Rover 400 sedans and for the manufacture of the new K-series engine and gearbox, Rover said. Production will be increased progressively to more than 5,000 vehicles a week from the current level of about 3,000, the company said.
Volvo to Cut 5,000 Jobs STOCKHOLM, Sweden - The Swedish car maker Volvo said Wednesday it is cutting 5,000 jobs this year and next because profits during the first six months of 1990 have declined by half.
A reduction in demand for cars and trucks in North America was a major cause of the profit decline, according to Volvo's interim report, released Wednesday. An 11 percent decline in domestic demand and a 17 percent drop in the British market also contributed to the lower profits, the report said.
Profits dropped from 4.2 billion kronor, or $744 million, in the first six months of 1989 to just over 2 billion kronor, or $359 million, this year, the interim report said.
Toyota to Triple Non-Automotive Sales TOKYO - Toyota Motor Corp., Japan's largest automobile manufacturer, plans to triple the sales of its non-automotive divisions by 1994, the company said Wednesday. Executive Vice President Masami Iwasaki made the disclosure at a news conference where he also reported Toyota's consolidated profit had risen 27. …