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
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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
Volkswagen AG and Toyota Motor stated on Wednesday they will delay resuming U.S. production amid the coronavirus pandemic and concerns regarding the automotive supply network. VW stated it is indefinitely
The European Commission approved a 5 billion euro ($5.4 billion) loan guarantee on Wednesday to French automaker Renault group to reduce the impact of the coronavirus crisis. The Commission, which
Volkswagen and Daimler on Wednesday prompted the German government to help increase demand for cars as the coronavirus pandemic damaged first-quarter profits and forced both automakers to drop their forecasts
Daimler on Wednesday warned that the automaker faces a difficult second quarter as it increased credit risk provisions to expect rising delinquencies among consumers who leased or bought Mercedes-Benz passenger
Production at Skoda Auto’s three Czech plants has restarted. In consultation with the Kovo trade union, the production of vehicles and parts was restarted in Mladá Boleslav, Kvasiny and Vrchlabí.
Polestar, the electric performance brand spun out of Volvo Cars, stated the base price of its first all-electric vehicle is going to be $59,900 in the United States, lower than originally assumed.
General Motors, Ford Motor and Fiat Chrysler Automobiles are targeting May 18 to restart some production at their U.S. plants after shutting down plants in March because of the spread
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