Ford Motor Co. and its Ford Motor Credit Company was downgraded by Fitch Ratings as the coronavirus pandemic sends shock waves through supply chains, decreasing demand across the auto industry.
Author: World_Newz Mon
2021 Ford Bronco Sport details revealed in leak
It may be a while yet before Ford officially takes the wraps off its upcoming ‘baby’ Bronco, but following leaked images that apparently show what it looks like, we may now know a lot about what’s under the skin.The Bronco Sport Forum fansite has posted screengrabs of the dealer ordering system for the Escape-based SUV that will slot into the lineup below the much-anticipated Ranger pickup-derived Bronco, and it’s major specifications are on display.What is expected to be called the Bronco Sport will be offered in Base, Big Bend, Outer Banks, Badlands and First Edition trim levels and be offered in 10 colors with names like Kodiak Brown and Area 51.
Nio bullish about its business performance despite coronavirus
Chinese electric car startup Nio is confident about its prospects this year despite the coronavirus outbreak, expecting its gross profit margin to become positive in the second quarter.Due to the coronavirus outbreak, Nio delivered 2,305 vehicles in January and February.In 2019, the company delivered 20,565 vehicles, up 81 percent year-on-year.
South Korea to help car industry ride out coronavirus
South Korea said on Monday it would provide logistical and financial support to help the car industry through the coronavirus crisis, warning of disruptions to supply chains from Europe and the US.The ministry gave no details on how much liquidity support the government would provide or what form it might take.Hyundai Motor closed its Montgomery, Alabama, assembly plant on Wednesday after an employee there tested positive for Covid-19.
Coronavirus outbreak: MG Motor India digitises booking, delivery of Hector, ZS EV
MG Motor India has completely digitised the booking and delivery process of the Hector and the ZS EV amid the coronavirus outbreak.MG Motor India has also announced a ‘Disinfect and Deliver’ initiative.All the delivery and test drive vehicles are being cleaned with disinfectant.
Coronavirus outbreak: Manufacturing operations suspended at Kia’s Anantapur plant
Kia Motors India has suspended all the operations at its manufacturing facility in Anantapur, Andhra Pradesh with immediate effect in order to check the spread of Covid-19, the disease caused by the novel coronavirus.The operations at the Anantapur manufacturing facility of Kia Motors India will remain suspended till further notice.The automobile manufacturer is ensuring that deliveries of Kia Seltos and Kia Carnival are not delayed.
Construction of BMW’s Debrecen plant to continue
BMW has announced that the construction of its EUR 1 billion factory in Debrecen (225 km east of Budapest) will not stop and recruitment will continue, writes Népszava.It is noteworthy that in recent days Hungarian car manufacturers have announced factory shutdowns, including Audi in Győr (120 km west of Budapest), Suzuki in Esztergom (50 km northwest) and Mercedes at Kecskemét (90 km southeast).At the same time, it is worth recalling that it was during the 2008-2009 global economic crisis that Mercedes’ investment in Kecskemét was announced, and questions were still raised as to whether the new plant would be built.
Volvo Cars Shutters Europe, U.S. Plants as Virus Hits Supplies
Volvo Cars has started a shutdown of its factories in Europe and the U.S., mirroring similar moves by global carmakers as the coronavirus pandemic wreaks havoc on supply chains and staffing levels.
Tesla shuts down California and New York factories, keeps Nevada open during coronavirus crisis
Tesla will suspend most operations at its Fremont, Calif., and Buffalo, N.Y, factories at the end of the workday on Monday to bring itself in line with local measures to prevent the spread of the coronavirus, the company has confirmed in a press release.The automaker will continue vehicle deliveries and service as possible, and both its charging network and battery factory in Sparks, Nev., will remain open, as the local sheriff has deemed the facility an “essential” business.Ford, General Motors, Chrysler, Honda and Nissan have temporarily suspended operations at all of their U.S. factories.
Nissan’s UK factory closed until further notice over coronavirus
LONDON, March 20 (Reuters) – Nissan said on Friday its British car factory would remain closed until further notice over the coronavirus outbreak, having previously said it would be shut until the end of the week.