Fiat Chrysler top executives will temporarily slash their salaries to maintain the automaker’s financial soundness because of the coronavirus crisis, CEO Mike Manley informed employees on Monday. Manley said he
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About eleven days ago, American automaker General Motors put hundreds of employees on an urgent project to build breathing machines as hospitals and governors pleaded for more following the spread of the coronavirus pandemic.
Ford Motor stated on Monday it will produce 50,000 ventilators during the next 100 days at a plant located in Michigan. The automaker will cooperate with General Electric’s healthcare unit,
General Motors has accepted to a $120 million settlement over defective ignition switches that allegedly caused cars to stall and air bags to deploy, and in some cases triggering deadly accidents. The deal,
General Motors stated Thursday it will extend a shutdown of its North American plants beyond March 30, but added it is not aware of the date when it will restart
U.S. electric automaker Tesla Inc prepares to slash on-site staff at its Nevada battery plant by about 75% because of the coronavirus pandemic, the local county manager stated on Thursday.
Ford Motor declared plans on Thursday to help its finances amid the coronavirus, aiming to generate more cash by restarting production next month of its most profitable vehicles while saving
Fiat Chrysler Automobiles (FCA) stated on Thursday it has accepted a new credit facility with two banks, at a time when significant automakers are having to close plants, losing revenue
The US President Donald Trump criticized General Motors on Friday, claiming that the American automaker said they are not going to provide as many ventilators upon which they had agreed
Ford Motor stated on Tuesday it does not prepare to resume production at its manufacturing plants located in the United States, Canada and Mexico on March 30, as was originally
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