Nissan must watch cash given chances of second coronavirus outbreak, says CEO

makoto uchida

Japanese automaker Nissan Motor’s cash situation is “tough” as the coronavirus pandemic has damaged car sales, and the automaker must be careful in the coming months as a second wave of infections may add to liquidity issues, CEO Makoto Uchida informed Reuters on Thursday. “With the coronavirus situation, our cash liquidity is quite tough,” Uchida […]

Nissan to start resuming of U.S. auto plants on June 1

Nissan plant in Canton, Mississippi

Japanese automaker Nissan Motor stated on Wednesday it prepares to start resuming its closed U.S. auto manufacturing operations from June 1. Nissan’s vehicle assembly plant located in Canton, Mississippi and powertrain plant in Decherd, Tennessee plant to restart production on June 1, followed by its Smyrna, Tennessee vehicle assembly plant on June 8. The Infiniti […]

Volkswagen Mexico won’t talk of resuming the plant while state decree in place

Volkswagen brand logo

German automaker Volkswagen stated on Monday it had fulfilled federal requirements to restart production in Mexico but would not make declarations about renewing operations as long as a decree in the state of Puebla remains in effect. The government of Puebla, where the automaker and its luxury brand unit Audi have major plants, stated on […]

GM delays resuming second shift at three North American truck plants

General Motors

General Motors is postponing the resumption of second shifts at truck assembly plants located in Michigan, Indiana and Mexico due to a lack of parts from Mexico, a person knowledgeable about the matter said. The automaker, which restarted production on Monday after suspending operations in March due to the spread of the coronavirus pandemic, will […]

Italy confident that government, Fiat can complete state-backed loan

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Italy’s Economy Minister Roberto Gualtieri stated on Friday he was confident the government and Fiat Chrysler Automobiles (FCA) would be able to finish a deal over a state-backed loan for the automaker. Fiat Chrysler’s Italian division is collaborating with the government and lender Intesa Sanpaolo to grab 80% state guarantees on a 6.3 billion euro […]

Ford closes two U.S. assembly plants because of COVID-19 infections

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Ford Motor on Wednesday shut down two U.S. assembly plants as the coronavirus pandemic is wreaking early havoc with the automaker’s plan to resume North American production and start making its most profitable automobiles again. Ford closed its Dearborn, Michigan, plant because of a positive COVID-19 test by one worker, while its Chicago assembly plant […]