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
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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
Ford Motor stated on Tuesday its second-quarter loss would be more than $5 billion from $2 billion in the first quarter because of the spread of the coronavirus pandemic, but
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.
Tesla has reversed course and canceled requests to bring employees back to production lines in Fremont, California, this week. According to CNBC, Tesla asked dozens of furloughed workers last Friday, and
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
Fiat Chrysler Automobiles (FCA) restarted van production on Monday at its Atessa plant located in central Italy, a week before the nation prepares to start lifting a national lockdown put
Japanese automaker Nissan Motor plans to cut the number of cars it produces at home in May by 78% from last year, as the spread of the coronavirus continues to
Tesla management has asked dozens of workers to get back to work on Wednesday April 29th in order to restart production at the company’s Fremont, California car plant, according to
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