BMW will put investments on hold as it looks forward to conserve cash to counter a decline in demand caused by the spread of Covid-19 coronavirus pandemic, Chief Financial Officer
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BMW has reduced the outlook for the profitability of its automotive and motorcycles divisions, citing the low demand which has been hit because of the movement restrictions imposed to contain
The United Auto Workers, the union that represents U.S. hourly workers at Detroit automakers, has given its tacit approval on Tuesday for the automakers to resume production amid the coronavirus
Fiat Chrysler Automobiles (FCA) has seen first-quarter loss of $1.8 billion and warned of a “significant” loss this quarter, even as it plans to reopen its most profitable North American
Stephan Seiters, a German federal court judge, has questioned Volkswagen’s reasoning after the automaker urged the court to dismiss a claim for damages brought by an owner of a diesel
Peugeot owner PSA is among many automakers around the world to have been hit hard by the coronavirus. The French automaker said on Monday that it would gradually resume production
Romanian automaker Dacia, owned by France’s Renault and Ford Motor Craiova plant restarted operations on Monday after output was stopped because of the spread of the coronavirus pandemic in March,
French automaker Renault has put one of its historic buildings up for sale in Boulogne-Billancourt, the birthplace of the automaker, to cut costs, three sources familiar with the company’s dealings
Luxury automaker Ferrari stated on Thursday it would resume operations at its Maranello and Modena plants on May 4, when Italy is set to begin removing lockdown measures. The two
Fiat Chrysler Automobiles (FCA) stated on Thursday its Italian network of approved dealers and mechanic workshops would restart on May 4, when the country is set to start removing a
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