Global overhaul set to include closure of Barcelona plant and 20% cut in production capacity Go to Source
Author: Financial_Times Reporting
VW pauses production of Golf and SUVs due to weak demand
German carmaker idles assembly lines for 4 key models shortly after reopening factories Go to Source
Toyota warns of profit collapse as pandemic hits vehicle sales
Japanese carmaker vows to maintain pre-coronavirus levels of capital and research spending Go to Source
Running out of road: rental car groups fight for survival
Existential moment for Hertz, Avis and Europcar as travel restrictions deal body blow to industry Go to Source
Toyota to reopen its UK engine plant next week
Japanese group joins other carmakers in restarting their manufacturing operations in Britain Go to Source
VW hails speed of car sales recovery in China
Demand in most profitable market almost at 2019 level but brand expects slower revival in Europe Go to Source
Co-founder of Chinese carmaker Qoros sells half his stake
Idan Ofer’s Kenon offloads shares to majority owner Baoneng in $237m deal Go to Source
Bosch warns of ‘significantly’ steep recession for auto industry
Volkswagen and Daimler report billions of dollars in lost profits due to impact of coronavirus Go to Source
Chinese carmakers move into Myanmar to battle Japanese rivals
Soueast Motor and GAC take advantage of rules favouring locally made vehicles Go to Source
Renault close to sealing state-backed loan as it burns through cash
French carmaker on verge of securing multibillion-euro credit line from government Go to Source