Coronavirus | SpeedLux

Etc.5 years ago

Andrew Cuomo says car and race tracks in New York can reopen with no fans

In another step toward restarting its economy going into the summer, New York will permit horse racing tracks and Watkins Glen International car track to resume with the coronavirus outbreak

Chrysler5 years ago

Fiat Chrysler in talks over 6.3 billion euro state-guaranteed loan

Fiat Chrysler Automobiles (FCA) is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro ($6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a

Ford5 years ago

Most U.S. dealers of Ford got federal payroll protection loans

Most of Ford Motor’s U.S. dealers got payroll protection loans from the U.S. government during this ongoing coronavirus pandemic, the automaker’s chief operating officer stated on Thursday. Early in the

Renault5 years ago

Renault to stop production of Espace model as automaker cuts costs

Renault is planning to significantly reduce its vehicle range, withdrawing well-known but poorly performing models like the Espace minivans, as part of looming cost reduction plans, four sources in the

Peugeot5 years ago

Fiat-Peugeot merger deal in spotlight after Exor setbacks

Fiat Chrysler’s decision to scrap its dividend has set another setback for plans by the Agnelli family’s Exor arm to raise cash following a $9 billion sale of its reinsurer

BMW5 years ago

BMW sees slow U.S. recovery after coronavirus rebound in China

BMW on Thursday stated China sales of luxury passenger cars revived in April but the German premium car and motorbike producer cautioned that other markets consisting of the United States

Nissan5 years ago

Nissan plans $2.8 billion in cuts as part of restructuring plan

Nissan Motor prepares to cut $2.8 billion in annual fixed expenditures as part of its restructuring plan, a report by Bloomberg News noted Wednesday, as the automaker braces for a

Toyota5 years ago

Toyota sees 80% decline in profit as coronavirus hit billions worth car sales

Toyota Motor said on Tuesday it expects profit to decline by 80% to its lowest in nine years, as Japan’s biggest automaker attempts to recover with the impact of the

Honda5 years ago

Honda profits drops to four-year low due to coronavirus

Honda Motor on Tuesday published its lowest operating profit in four years and refrained from providing an earnings outlook for 2020 due to uncertainty about the longer-term impact of the

American5 years ago

Hertz canceled most new-car orders as restrictions hit travel

As Hertz Global Holdings Inc. makes attempts to stay out of bankruptcy, the company has canceled 90% of its new-car purchases for the 2020 model year, a move likely to

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