Category: News Type

Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program

Maranello (Italy), 01 April 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange… Continue reading Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program

Honda extends North American auto plant shutdowns

FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy WASHINGTON (Reuters) – Honda Motor Co (7267.T) said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 and at its plant in Celaya, central Mexico,… Continue reading Honda extends North American auto plant shutdowns

@Ford: Amid Coronavirus, Ford Overall U.S. Sales Decline 12.5 Percent – Van and Explorer Sales Buck the Trend Posting Gains; Lincoln Retail Sales up 7 Percent

DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company (NYSE: F) today reported its first quarter 2020 U.S. sales results. Click here or visit media.ford.com to view the news release. About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks,… Continue reading @Ford: Amid Coronavirus, Ford Overall U.S. Sales Decline 12.5 Percent – Van and Explorer Sales Buck the Trend Posting Gains; Lincoln Retail Sales up 7 Percent

Daimler secures $13 billion loan facility

FRANKFURT, April 2 (Reuters) – Daimler said on Thursday it has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term until 2025, including extension options. The… Continue reading Daimler secures $13 billion loan facility

Using automated data augmentation to advance our Waymo Driver

To help safely navigate the complexities of the road, our self-driving technology needs to see and identify what’s around it. To perceive its surroundings, the Waymo Driver relies on our powerful custom sensor suite of lidar, cameras, and radars, while neural nets empower the “brain” of our self-driving system to understand the sensor data and… Continue reading Using automated data augmentation to advance our Waymo Driver

Ford says post-crisis support for U.S. customers ‘would be appropriate’

(Reuters) – Ford Motor Co’s (F.N) U.S. sales chief said on Thursday the automaker believes some level of government stimulus will be needed for consumers once the coronavirus pandemic recedes and that the crisis will spur a permanent shift toward more online vehicle sales in America. FILE PHOTO: The front grill logo of a Ford… Continue reading Ford says post-crisis support for U.S. customers ‘would be appropriate’

Honda extends U.S., Canada auto plant shutdown through April 10

FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy WASHINGTON (Reuters) – Honda Motor Co (7267.T) said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 because of the ongoing coronavirus outbreak. A growing… Continue reading Honda extends U.S., Canada auto plant shutdown through April 10

Fiat Chrysler to start three Italian sites immediately after lockdown ends: union

FILE PHOTO: New Fiat 500 electric cars are displayed at a Fiat Chrysler event held to unveil its first electric model, in Milan, Italy, March 4, 2020. REUTERS/Flavio Lo Scalzo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) aims to restart operations at three Italian sites as soon as the government lifts coronavirus restrictions on manufacturing, a… Continue reading Fiat Chrysler to start three Italian sites immediately after lockdown ends: union

@FCA: FCA Canada Reports First-quarter 2020 Sales

April 2, 2020 , Windsor, Ontario – FCA Canada sales for the first quarter of 2020 were 44,140 vehicles compared with 54,336 for the same period a year earlier. The decline in first-quarter sales was largely attributed to the negative economic impact of the coronavirus in March and eroded an otherwise strong start in January and February.… Continue reading @FCA: FCA Canada Reports First-quarter 2020 Sales