Fiat Chrysler agrees on 3.5 billion euro credit facility with banks

Fiat Chrysler plant in Kragujevac, Serbia

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 as demand declines mainly because of the spread of coronavirus. Majority of FCA’s plants across the world are presently closed in response to the virus […]

Mitsubishi could take Renault stake in alliance reorganization

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Mitsubishi Corp could possibly invest in Renault as part of scenarios being thought to reinforce an alliance between Renault, Nissan and Mitsubishi Motors, two sources knowledgeable with the issue said. French newspaper Les Echos reported previously on Thursday, mentioning an unnamed executive knowledgeable with the discussions and other unnamed sources, that Mitsubishi, a conglomerate with […]

Volkswagen to close factories in Mexico due to spread of coronavirus

Volkswagen logo

German automaker Volkswagen will temporarily shut down its factories in Mexico’s Puebla and Guanajuato states in order to preserve public health, the company’s Mexican unit stated, amid increasing worries over the spread of the coronavirus. The shutdowns will take effect on March 30 and will be in effect through April 12, the statement noted. The […]

Renault suspends production at joint facility of Renault-Nissan in Chennai, India

Renault Clio Geneva Motor Show

Renault India on Monday announced that they are temporarily suspending production at its alliance manufacturing facility in Chennai because of the spread of coronavirus. The French automaker did not mention the time period of suspension. “The health, safety and well-being of all Renault workers, dealers and other partners, their families and community at large is of […]

Volvo recalls 121,000 cars due to auto emergency braking failure

2018 Volvo XC40 images

Volvo has issued a recall concerning 121,605 of its vehicles for possible automatic emergency failure. The automaker filed with the National Highway Traffic Safety Administration (NHTSA) last week. Automatic emergency braking has brought the maximum convenience for a lot of drivers and passengers. It’s a function that makes people safe, but if the system is […]

Volkswagen tests ventilator output to combat coronavirus crisis

Volkswagen logo

German automaker Volkswagen stated on Friday it was joining other automakers across the world to find out use of 3D printing to make hospital ventilators in order to combat the coronavirus crisis. Governments are enlisting automakers such as Ford, General Motors, Ferrari and Nissan to increase production of ventilators and other equipment they are short […]