these years Labor Day Labor Day The volume of travel may be a sign of a significant recovery in the travel industry, and the US Treasury Secretary is scheduled to deliver a speech about Economie in stronghold plant in Michigan, and Mercedes Benz About to cut thousands of jobs. All that and more in morning shift For Wednesday, September 7, 2022.
First gear: good mark for vacation travel
Lots of people travel This Labor Day. In fact, it was the first time since Covid-19 pAndemic has begun that holiday travel has exceeded pre-pandemic levels, according to the Transportation Security Administration.
The agency said that 8.76 million passengers crossed its checkpoints between Friday and September The second and the fifth Monday. This is just the squeak of the past Specific number during the same time period in 2019: 8.62 million. The TSA also says Friday was the busiest day of travel, when weEarly on, 2.5 million people were subjected to airport security. From The Wall Street Journal:
As more people take to the skies again during the third year of the COVID-19 pandemic, the recovery of air travel has been turbulent, with this summer having been one of the most chaotic travel seasons in decades. Many travelers have encountered flight cancellations or delays, long queues at airports and lost luggage as airlines struggle with labor shortages and schedule changes.
Airline experts have recommended people traveling over the Labor Day weekend to book non-stop flights and get to airports early to avoid potential headaches. But most travelers during the last long vacation of the summer fared well, according to data from FlightAware. The flight data provider said 0.6% of flights were canceled over the long weekend, while 16.6% of flights were delayed. Both measures were lower than during the July 4 weekend and Memorial Day.
“The airlines really put it together,” said Kathleen Bang, a spokeswoman for FlightAware, a former airline pilot. She added that the weather is good for airlines and they have already reduced flight schedules.
To cope with all of the disruptions over the summer, WSJ says airlines and airports all over have extended passengers caps and cut flight schedules.
2nd Gear: Yellen’s Big Speech At aFord Plant
U.S. Treasury Secretary Janet Yellen is set to deliver a “major” speech at Ford’s Rouge Electric Vehicle Center in Dearborn, Michigan tomorrow. The speech will be focused on President Biden’s economic agenda.
Yellen is said to be touring the facility where Ford makes the F-150 Lightning before delivering the 2 p.m. speech, which will touch on the administration’s plans to expand the economy, increase investments in new tech and address climate change.
The speech and tour are meant to kick off a month-long initiative by Yellen to explain Biden’s plans. From the Detroit Free Press:
In a statement, Ford said it “looks forward to hosting Treasury Secretary Yellen at the Rogue Center for Electric Vehicles in Dearborn for an up-close look at the state-of-the-art facility where Ford leads the electric vehicle revolution and assembles America’s best-selling electric truck, the F-150 Lightning.” Sales of electric cars increased for the automaker Quadruple in August During the same month last year.
Biden toured the facility himself in May 2021 prior to the launch of the F-150 Lightning, where he tore down a test track in the car.
In Dearborn, Yellen is expected to defend the $1.9 trillion COVID-19 relief bill passed in early 2021 — which some have criticized as fueling inflation — because it supported a historically rapid recovery from the pandemic slowdown. She is also expected to talk about three other achievements of the Biden administration, including an infrastructure bill passed late last year, legislation that will pump billions into the US semiconductor industry, and a major climate change and medicine bill passed this summer.
Yellen will discuss how the Biden administration’s plans are helping build a stronger economy.
Third gear: Mercedes-Benz will cut 3,600 jobs
Mercedes-Benz has announced that it will fire 3,600 employees at its truck and bus body factory in Sao Paulo, Brazil. The company said this Being done in an attempt to restructure Factory under production pressure.
M-B said it plans to outsource parts of its operations from Sao Bernardo, Brazil, in an effort to combat cost pressures and a changing auto landscape. From Reuters:
Mercedes-Benz said it will outsource production of the front axles and medium transmission, as well as logistics and maintenance, with priority given to local companies.
Meanwhile, it will focus instead on its “core business,” which includes the production of bus and truck bodies, the company said in a statement.
The company will cut 2,200 jobs from the Sao Bernardo plant. The contracts of an additional 1,400 employees will not be renewed when they finish work in December.
The company’s main union of workers, Sindicato dos Metalurgicos do Grande ABC, said its leaders met with Mercedes-Benz’s board of directors on Tuesday afternoon, and that company representatives had asked to start negotiations on the decision.
Fourth gear: Porsche Panamera To go for electricity
There are now reports that the Porsche Panamera may end up switching to electric power in an effort to get the automaker to meet its goal of 80 per cent all-electric cars. by 2030.
It is said that the new Panamera could go electric in the second half of this decade, and will be timed with the arrival of the next generation Taycan. From Autocar:
Both new electric vehicles are based on a sporty version of Volkswagen The Group Scalable Systems Platform (SSP), developed by Porsche.
The so-called SSP Sport chassis adopts the backbone of the SSP architecture that will be used by other larger Volkswagen Group electric models. However, it will be combined with what has been described to Autocar as “Porsche-specific units”.
Among the main architectural developments that Porsche has pushed for the new sporty SSP platform are a lower cabin floor, thanks to a slim battery pack, and rear legrooms (or underfoot garages, as they’re known on Porsche) similar to those on the J1 platform used by the current Taycan.
The electric Panamera will be sold alongside the plug-and-combustion hybrid Panamera models, which are based on the Porsche MSB platform. The electrical engineering of the Panamera is twinned with the new Taycan, due for release in 2027.
The Panamera EV is still in development, but suggestions are that it will have a wheelbase and overall length similar to those of the current Panamera long wheelbase (3100 mm and 5199 mm) sold in China.
EV Panamera will likely be offered with Dual drive motors and get an 800 volt battery.
Autocar You also expect the all-electric Panamera to be designed very similarly to its internal combustion and plug-in hybrid siblings.
Fifth gear: Stellantis spins minivans
Stellantis said it will continue building minivans in two shifts at its Windsor Assembly plant in Canada until at least June next year. At the moment, there is no word on exactly why the decision was made.
The new announcement is actually a reversal of an earlier plan to cancel that second shift this spring, but has since been…It has also been extended three times. However, it is still not at its full capacity. Two years ago, the company cut a third shift, finished 1400 jobs in the factory. From Car News:
Prior to its merger with PSA Group, Fiat Chrysler during 2020 contract negotiations with Unifor pledged to invest between $1.35 billion and $1.5 billion to begin building electric vehicles at its Windsor assembly plant.
Both the union and the automaker are keeping that promise.
Stellantis did not say what new product the plant would eventually build.
About 4,500 people build the Pacifica and Pacifica Hybrid for global markets. They also built a Chrysler Grand Caravan for the Canadian market and a Chrysler Voyager for fleet sales.