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Latest Articles in automakers

India's Automakers Warn Of Up To 45% Sales Drop As Economy Slumps Amid Pandemic

SIAM, told government officials last week that if India's economy contracts by 2% in the year starting April 1, sales of cars, trucks and motorbikes could decline by as much as 45% from a year before.

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Tata Motors Board Panel Approves Plan To Raise Rs 1,000 Crore Via NCDs

The fund-raising plan is to improve liquidity which has taken a hit among all automakers due to the economic slowdown and COVID-10 lockdown.

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Tesla Raises China-Made Model 3 Prices After EV Subsidies Cut

The starting price for the Shanghai-made Standard Range Model 3 sedans is 303,550 yuan after receiving subsidies

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Car And CV Sales Nosedive In March’20 Due To Covid Outbreak

According to the data released by Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales last month plunged to 1,43,014 units vis-à-vis 2,91,861 units in March 2019

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Volkswagen Furloughs 1,500 Workers At Tennessee Auto Plant Starting April 11

Automakers are facing a dramatic drop in sales in the United States, the world’s second-largest car market, after some states barred dealers from selling new cars while "stay-at-home" orders are in place.

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Automakers Push To Reopen Plants With Testing And Lots Of Masks

Auto manufacturers and suppliers are converging on a consensus that temperature screening, daily health questionnaires, assembly lines redesigned to keep workers 3 to 6 feet (0.9 m to 1.8 m) apart.

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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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