Renault to restart its Sandouville plant on Friday

Renault Zoe images

French automaker Renault will resume its Normandy-based Sandouville plant located in northwestern France on Friday, a trade union source informed Reuters on Wednesday. Renault had suspended production at Sandouville plant, after a court order criticizing the way the automaker told unions about its increased protective measures put in place to avoid the spread of the […]

Fiat Chrysler entitled to seek state-backed loan, says Italian PM

Fiat Chrysler Automobiles (FCA)

Italian Prime Minister Giuseppe Conte stated on Saturday that Fiat Chrysler Automobiles (FCA) was entitled to apply for the country’s state-backed loans as the automaker employs thousands of workers in the country, even though its legal base is located outside the country. The Italian-American group confirmed on Saturday its Italian unit was working with the […]

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

Fiat Chrysler Automobiles FCA

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 source knowledgeable with the matter stated on Friday. The loan, which is part of emergency liquidity measures the Italian government is making available to the […]

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

Ford logo in their auto plant

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 outbreak, Ford made sure that its American dealers applied with the U.S. Small Business Administration for federal loans to protect their payrolls and workers, Jim […]