Author: World_Newz Mon

Fiat Chrysler closes four plants as Italy fights coronavirus with lockdown

London (CNN Business)Fiat Chrysler (FCAU) is cutting car production and temporarily closing four plants across Italy as the coronavirus takes its toll on the world’s eighth biggest economy.The move follows a decision by the Italian government to impose sweeping restrictions on travel and public gatherings as it tries to contain the worst outbreak of coronavirus, or Covid 19, outside China.Italy on Monday imposed widespread restrictions on travel and public life across the country, including closing schools, movie theaters, museums and gyms, and limiting opening hours for bars, restaurants and shops.

Cadillac cancels Lyriq electric vehicle reveal due to coronavirus

Cadillac has canceled the planned Aril 2 reveal of its first electric vehicle due to the coronavirus outbreak, Bloomberg reported.The chassis can accommodate a variety of cars and SUVs with different drivetrain configurations and battery sizes.A separate event to unveil the GMC HUMMER EV electric pickup scheduled for May 20 has not yet been affected.

BYD reports falling new energy vehicle sales

BEIJING, March 7 (Xinhua) — China's leading new energy vehicle (NEV) manufacturer BYD saw its NEV sales tumble in February, company data showed.
The company sold 2,803 NEVs in February, compared with 14,429 last year, BYD said in a statement.
The firm sold 2,698 gasoline-powered vehicles last month, shrinking from 12,404 in the same period last year. In total, BYD sold 5,501 vehicles, down from 26,833.
Sales of NEVs in China have been trending down amid weak automobile demand, scaled-back subsidies and fiercer competition from gasoline-powered vehicles.
China will roll out more policies to stabilize the consumption of automobiles to mitigate the impact of the epidemic outbreak on the auto market, said an official with the Ministry of Commerce.
All localities are encouraged to beef up efforts to promote the consumption of new energy vehicles, ease vehicle purchase restrictions and carry out automobile replacement, said the ministry.

Bristol Cars comes to end of the road after 73 years

Bristol Cars, maker of elegant luxury cars favoured by celebrities including Sir Richard Branson, Bono, Liam Gallagher, Tina Turner and fashion designer Paul Smith, is being wound up owing millions.Four years ago at the Goodwood Festival of Speed, Bristol Cars introduced a new model, the £250,000 Bullet, powered by a BMW V8.From its factory at Patchway near Filton in south Gloucestershire, Bristol built a series of large saloon cars powered by Chrysler V8 engines from the US.