This year Labor Day travel volume could be a sign of a strong recovery in the travel industry, the US Treasury Secretary is expected to deliver a speech on the economy at Ford Michigan plant, and Mercedes-Benz is about to cut thousands of jobs. All this and more in The morning shift for Wednesday, September 7, 2022.
1st gear: a good sign for vacation trip
Many people have traveled this labor day. In fact, it was the first time since the Covid-19 pandemic began as vacation travel exceeded pre-pandemic levels, according to the Transportation Security Administration.
The agency said 8.76 million travelers passed through its checkpoints between Friday September 2 and Monday 5. Which creaks just past the number set during the same period in 2019: 8.62 million. The TSA also reports that Friday was the busiest travel day, when nat first, 2.5 million people passed through airport security. From the wall street journal:
As more and more people got back on their feet in the third year of the Covid-19 pandemic, the resumption of air travel has been troubled, with this summer being one of the most chaotic travel seasons in decades. decades. Many travelers have had to deal with flight cancellations or delays, long queues at airports and lost baggage as airlines grapple with labor shortages and timetable changes.
Airline experts had recommended people flying over Labor Day weekend book nonstop flights and get to airports early to avoid potential headaches. But most travelers over the last long summer vacation did quite well, according to data from FlightAware. The flight data provider said 0.6% of long weekend flights were cancelled, while 16.6% of flights were delayed. Both metrics were lower than they were during July 4 and Memorial Day weekends this year.
“Airlines have really come together,” said FlightAware spokeswoman Kathleen Bangs, a former airline pilot. She added that the airlines had good weather and had already reduced flight times.
To cope with all the disturbances of summer, WSJ says airlines and airports around the world have extended passenger caps and reduced flight times.
2nd gear: Yellen’s great speech during aFord factory
U.S. Treasury Secretary Janet Yellen is scheduled to deliver a “major” speech tomorrow at Ford’s Rouge Electric Vehicle Center in Dearborn, Michigan. The speech will focus on President Biden’s economic agenda.
Yellen is said to be touring the facility where Ford manufactures the F-150 Lightning before delivering the 2 p.m. speech, which wiI will discuss the administration’s plans to grow the economy, increase investment in new technologies and fight climate change.
The speech and the tour are supposed to start a month-Yellen’s long drive to explain Biden’s plans. From Detroit Free Press:
In a statement, Ford said it “looks forward to welcoming Treasury Secretary Yellen to Rouge Electric Vehicle Center in Dearborn for an in-depth look at the state-of-the-art facility where Ford is leading the electric vehicle revolution and assembling America’s vehicles. best-selling electric truck, the F-150 Lightning The automaker’s electric vehicle sales are on the rise quadrupled in August in the same month last year.
Biden visited the facility himself in May 2021 just before the launch of the F-150 Lightning, tearing up a test track in the vehicle.
In Dearborn, Yellen is expected to defend the $1.9 trillion COVID-19 relief bill passed in early 2021 — criticized by some as fueling inflation — as having supported a historically rapid recovery from pandemic downturns. . She is also expected to talk about three other accomplishments of the Biden administration, including an infrastructure bill passed late last year, legislation that will pump billions into U.S. semiconductor manufacturing, and a major climate change and medical bill passed this summer.
Yellen will discuss how the Biden administration’s plans are helping to build a stronger economy.
3rd gear: Mercedes-Benz will cut 3,600 jobs
Mercedes-Benz has announced that it will lay off 3,600 employees from its truck and bus chassis plant in Sao Paulo, Brazil. The company said it was made with the aim of restructuring the factory amid production pressures.
M-B said it plans to outsource some of its operations to Sao Bernardo, Brazil, in a bid to combat cost pressures and a changing automotive landscape. Of Reuters:
Mercedes-Benz said it would outsource production of front axles and mid-drives, as well as logistics and maintenance services, with priority given to local companies.
In the meantime, it will instead focus on its “core business”, which includes the production of bus and truck chassis, the company said in a statement.
The company will cut 2,200 jobs at the Sao Bernardo plant. 1,400 additional employees will not have their interim contracts renewed at the end of December.
The company’s main workers’ union, Sindicato dos Metalurgicos do Grande ABC, said its leaders met with the Mercedes-Benz board on Tuesday afternoon and company representatives asked for the opening. negotiations regarding the decision.
4th gear: Porsche Panamera to Go electric
There are now reports that Porsche’s Panamera may end up switching to electric power in a bid to bring the automaker to its goal of 80% all-electric vehicles. by 2030.
It is said that the new Panamera could go electric in the second half of this decade, and that will be timed with the arrival of the next-generation Taycan. Of Coach:
The two new electric vehicles are based on a sports version of the volkswagen Scalable Systems Platform (SSP) of the group, which is developed by Porsche.
The so-called SSP Sport structure adopts the backbone of the SSP architecture intended for use by other more volume-oriented Volkswagen Group electric models. However, it will be combined with what were described to Autocar as “Porsche-specific modules”.
Among the main architectural developments pushed by Porsche for the new SSP Sport platform are a low cabin floor, thanks to a slim battery, and rear footpegs (or foot garages, as they’re called at home). Porsche) similar to those of the J1 platform used by the existing Taycan.
The electric Panamera will be sold alongside current combustion engine and plug-in hybrid Panamera models, based on Porsche’s MSB platform. The engineering of the electric Panamera is twinned with that of the new Taycan, due in 2027.
The Panamera EV is still in its infancy, but it is suggested that it will have a similar wheelbase and overall length to the existing long-wheelbase Panamera sold in China (3100mm and 5199mm).
The Panamera EV will most likely be offered with a single and dual-motor transmissions and get an 800-volt battery.
Coach also expects the all-electric Panamera to be designed quite similarly to its internal combustion and plug-in hybrid siblings.
5th gear: Stellantis launches minivans
Stellantis said it would continue to build minivans on two shifts at its Windsor assembly plant in Canada until at least June next year. At this time, it is unclear exactly why the decision was made.
The new announcement is actually a reversal of a previous plan to eliminate that second shift in the spring of this year, but since then its life hhas been extended three times. However, it is still not at full capacity. Two years ago, the company cut a third shift, laying off 1,400 jobs at the plant. Of Automotive News:
Ahead of its merger with the PSA Group, Fiat Chrysler pledged in 2020 contract negotiations with Unifor to invest between $1.35 billion and $1.5 billion to begin building electrified vehicles at the Fiat assembly plant. Windsor.
The union and the automaker maintain that this promise will be kept.
Stellantis did not specify what new product the factory will eventually build.
About 4,500 people build the Pacifica and Pacifica Hybrid for world markets. They also build the Chrysler Grand Caravan for the Canadian market and the Chrysler Voyager for fleet sales.
Reverse: Sam the man
Neutral: It’s Wednesday my guys
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