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Latest Articles in automakers

Honda Back To Work In China's Wuhan With Temperature Checks And Masks

Plants at Honda's Guangzhou-based joint venture with GAC are also running extra shifts, GAC's chairman Zeng Qinghong told analysts on its earnings call last week.

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Honda, Fiat Chrysler Aim To Restart U.S., Canada Auto Production In May

Fiat Chrysler said Monday it "intends to progressively restart its U.S. and Canadian manufacturing facilities beginning May 4."

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Fiat Chrysler Postpones Shareholders' Meeting And Resolution On Dividend To Late June

Fiat Chrysler (FCA) said in a statement that the decision on its shareholders' meeting would result in the postponement of a resolution on the automaker's planned 1.1 billion euro ($1.2 billion).

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Veoneer And Volvo Cars To Split Zenuity Software Joint Venture

Veoneer, which also makes radars and vision systems and expects 90% of its available market to be for advanced driver assistance systems (ADAS) in the next decade.

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Truckmaker Volvo To Put All 20,000 Swedish Staff On Temporary Lay Off-Scheme

The company earlier this week said production at its large plant in Gothenburg and in Ghent would be halted, and that factilities at subsidiary Renault Trucks in France would temporarily close.

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Tesla Suspends Production At US Vehicle Factory Due To Coronavirus

Tesla's sole U.S. auto factory employs more than 10,000 workers, with annualized production of slightly more than 415,000 units by the end of December 2019.

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LR To Suspend Production At Nitra Site From Friday On Virus Concerns

The company, which is owned by India's Tata Motors, said late on Tuesday that some limited activities will continue on the Nitra site.

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China's Feb Auto Sales Plunge 79%, Biggest Monthly Drop Ever

The world's biggest auto market tumbled to 310,000 vehicles from the same month a year earlier, falling for a 20th straight month, the China Association of Automobile Manufacturers (CAAM).

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As One Of China's 'Detroits' Reopens, World's Automakers Worry About Disruptions

Chinese automakers and parts producers exported $53 billion worth of automotive components to the United States, Europe, Japan, South Korea and elsewhere last year.

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Indian Automakers Say China Coronavirus Outbreak Hitting Parts Supply

Tata Motors said in a press release that it, too, had been hit by supply disruptions due to the coronavirus outbreak in China, and was working to mitigate the situation.

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VW Proposes 35% Dividend Increase As 2019 Profit Surges 22%

Volkswagen is in the midst of ramping up sales of sports utility vehicles, which command better profits than ordinary cars, to 40% of passenger car sales from below 25% in 2018.

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GM To Add 1,200 Jobs At Michigan Plants To Meet SUV Demand

Passenger cars have fallen out of favor with buyers and automakers have focused on selling larger SUVs that are more profitable.

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Ford's Incoming COO Focuses On Cost Cuts, Launches, Change

Ford lost $771 million last year, about half the 2018 loss, and its market share there has shrunk.

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Tesla And U.S. Regulators Strongly Criticized Over Role Of Autopilot In Crash

Tesla drivers are able to avoid holding the steering wheel for extended periods while using Autopilot, but Tesla advises keeping hands on the wheel and paying attention.

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China's Passenger Car Sales Tumble 92% In First Half Of February Due To Virus Outbreak

China's auto market is likely to see sales slide more than 10% in the first half of the year due to the coronavirus epidemic, and around 5% for the whole year, provided the epidemic is effectively contained.

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