Ford Motor which operates two auto plants in Germany, has applied for 500 million euros ($586.79 million) of German loan guarantees aimed at seeking protection against the impact of the COVID-19 pandemic, business daily Handelsblatt reported on Monday. While Germany has provided coronavirus-related aid to companies such as auto parts supplier Leoni. Ford would be […]

Volvo Cars expects to hit its forecast of approximately flat sales year-on-year in the second half of this year even as a recent increase in cases throughout Europe makes the outlook more uncertain, Chief Executive Hakan Samuelsson told Reuters. Volvo, purchased by China’s Geely Holding in 2010, has repositioned itself during Samuelsson’s tenure as a […]

Kia Motors has suspended production at all of its factories near Seoul, South Korea from Wednesday as eight of its workers have tested positive for the coronavirus, a union official said. The factory produces Kia’s Carnival SUV and its Rio small car, among other models. Kia did not have an immediate comment when it was […]

General Motors and Ford Motor said on Tuesday they are close to finishing the production of ventilators ordered by the Trump Administration in response to an increase in coronavirus cases and are ramping down or exiting the operations. Many of the ventilators assembled by the companies have gone into a U.S. government stockpile as doctors […]

Japanese automaker Honda Motor on Wednesday forecast a 68% decline in annual operating profit to a 10-year low with worldwide demand for cars expected to slide due to the coronavirus crisis. The country’s No. 3 automaker expects profit to decline to 200 billion yen ($1.89 billion) in the year to end-March 2021, its weakest since […]

Ferrari has trimmed its full-year earnings forecast on Monday following the decline in second-quarter income of about 60% because of the impact of the coronavirus crisis but said orders were “very strong,” sending the luxury automaker’s shares increased almost 4%. Chief Executive Louis Camilleri informed analysts that last quarter’s order book was up double digits […]

Uber Technologies Inc has quietly started a service to provide public health officials quick access to data about drivers and riders presumed to have come into contact with someone infected with COVID-19, company officials said. The service, offered without any charge, could help improve the image of the ride-hailing giant, which recently started a new […]

The 2020 edition of the annual Birdsboro Car Show annual car show, a huge event that annually attracts automobile hobbyists locally and from neighboring states, has been canceled due to the spread of the coronavirus, club President Teresa Levandoski announced. The show is a major fund-raising event for the Woman’s Club of Birdsboro, located in Berks County, […]

Ford Motor on Thursday stated new staffing restrictions imposed on plants producing auto parts in the Mexican state of Chihuahua were “not sustainable,” the recent sign U.S. automakers are still reeling from coronavirus led lockdown in Mexico. Mexico is a major part of a broader international supply chain important to U.S. automakers, many of which […]

As fears of a second wave of coronavirus infections have many people wondering when, or if, life will return to normal, many companies are opting to continue operations to maintain the demand of transport globally. A-1 Auto Transport, Inc. has long been a leader in the automobile transport industry, and the company is currently working […]

Tesla Inc is building mobile molecule printers to help make the possible COVID-19 vaccine which is being developed by CureVac in Germany, the electric automaker’s CEO, Elon Musk, tweeted on Wednesday. CureVac, an unlisted German company, has stated it is developing portable, automated mRNA production units that it calls printers and which Musk referred to […]

The carrier will continue to limit the number of people on its planes beyond September. So far Delta Air Lines airline has been capping the amount on board its flights to be less than 60% of capacity. It is intending to limit the spread of coronavirus and impose some form of social distancing. Chief Executive […]

Japanese automakers’ global sales dropped 38% in May, in the third straight month of big declines as most automotive factories and dealerships remained shut because of coronavirus lockdowns. The country’s seven major automakers sold about 1.47 million vehicles last month, dropping significantly from 2.38 million units a year ago, according to Reuters calculations based on […]

Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Italian unit of Fiat Chrysler Automobiles (FCA), a source said, paving the way for the largest crisis loan to a European automaker. The source stated the country’s audit court had signed off on the decree, in a final step […]

German automaker Volkswagen is in talks to acquire French car rental firm Europcar Mobility Group SA, in a deal that would enable the automaker to better capitalize on its fleet, people knowledgeable with the matter said on Tuesday. The acquisition would come as Europcar is having a hard time to cope with the economic fallout […]