covid 19 | SpeedLux

International Air Transport Association (IATA)

Coronavirus outbreak could cost airlines $113 billion, says airline industry group

The International Air Transport Association states the coronavirus outbreak that started in China could cost airlines as much as $113 billion in lost revenue because of the collapse of air

Land Rover5 years ago

Tata warns of Jaguar Land Rover profit hit due to coronavirus

Indian automaker Tata Motors warned on Friday about lower profit at its British luxury auto brand Jaguar Land Rover (JLR) for the fiscal year as the coronavirus outbreak has impacted

General Motors5 years ago

GM’s American vehicle production could see impact from coronavirus from this month, says CEO

General Motors’ North American vehicle production could be affected with the coronavirus epidemic as early as this month, said CEO Mary Barra. The automaker’s Chairman and CEO Mary Barra stated on Wednesday that

Ford5 years ago

Ford limiting company travel; two workers in China diagnosed with coronavirus

Ford Motor informed workers that it is restricting all company travel to only important operations through March 27 as it takes steps in response to the spread of the coronavirus.

Daimler5 years ago

Daimler says production in China stable, early to evaluate coronavirus impact

Daimler’s car production in China is stable and the supply chains are secure however it is too early to forecast the impact of the coronavirus outbreak on the automaker’s sales,

Honda5 years ago

Honda to slash production at Japanese plants on sourcing concerns

Japanese automaker Honda Motor stated on Tuesday that it will temporarily cut back regional production because of difficulty in sourcing components amid the coronavirus outbreak. “Honda has slightly adjusted its

Hyundai5 years ago

Hyundai reports lower monthly sales as coronavirus decreases demand

Hyundai Motor reported its lowest monthly worldwide sales in a decade in February as the coronavirus outbreak damaged demand, in what is the first major indicator of damage to the

Mahindra5 years ago

Coronavirus outbreak hitting parts supply of Indian automakers

Indian automakers Mahindra and Mahindra and Tata Motors stated on Sunday their supply of components from China had been hit, as fallout from the coronavirus outbreak increases. “Going into March,

Events & Shows5 years ago

Swiss authorities force cancellation of Geneva car show due to coronavirus

Automakers were scrambling to reorganize press conferences and car presentations following Swiss authorities forced cancellation of the Geneva car show on Friday in an attempt to contain the coronavirus. Over

Hyundai5 years ago

Hyundai stops work at Korean factory after worker tests positive for coronavirus

Hyundai has closed a factory in South Korea on Friday after an employee tested positive for coronavirus, disrupting production of well-known models such as Palisade sport utility vehicle. Shares of

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