DETROIT (Reuters) – General Motors Co (GM.N) and Ford Motor Co (F.N) are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic. FILE PHOTO: A partially assembled V6 engine, used in a variety of General Motors cars, trucks and crossovers, moves down the… Continue reading GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns
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Electric vans: anyone who wants to inherit the street scooter
Italians under power Among the large van models, there is the Fiat Ducato in an E variant. Cologne E-commerce is booming and the streets are full of vans. That was already the case before Corona and has intensified significantly with the pandemic. But as easy as that is for the customers, the development is also… Continue reading Electric vans: anyone who wants to inherit the street scooter
French carmaker PSA to make surgical masks at Mulhouse site
FILE PHOTO: The logo of PSA Group is seen during the annual results news conference in Rueil-Malmaison, near Paris, France, February 26, 2020. REUTERS/Benoit Tessier PARIS (Reuters) – French carmaker PSA said on Thursday that it would start manufacturing surgical masks at its site in Mulhouse in eastern France from August. The company said it… Continue reading French carmaker PSA to make surgical masks at Mulhouse site
Nissan sets out survival plan after first loss in 11 years
TOKYO (Reuters) – Nissan Motor Co unveiled a plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits that culminated in its first annual loss in 11 years. FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020.… Continue reading Nissan sets out survival plan after first loss in 11 years
Aurora adds new leadership as the company hits 500 people
Growing team demonstrates Aurora’s commitment to safety and team development Our company is only as powerful as the people we hire and our technology is only as world-class as the people who build it. Though the world has changed over the last few months, we continue to make progress: we’ve started to get our vehicles… Continue reading Aurora adds new leadership as the company hits 500 people
Vaya Africa launches electric ride-hail taxi network
Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. The South Africa headquartered company has acquired a fleet of Nissan Leaf EVs and developed its own solar powered charging stations. The program goes live… Continue reading Vaya Africa launches electric ride-hail taxi network
How Hertz’s Forced Fleet Sale Could Affect the Used Car Market
Chapter 11 is an expensive process, including the obligations that debtors must pay while in bankruptcy. Photo via Enjosmith/Flickr. The sub headline under the Hertz bankruptcy is “Hertz fire sale will flood the used car market and depress prices.” This analysis won’t get us closer to knowing exactly to what extent pricing will be affected —… Continue reading How Hertz’s Forced Fleet Sale Could Affect the Used Car Market
Advantage Rent A Car Files for Chapter 11 Bankruptcy
The bankruptcy petition lists liabilities between $500 million to $1 billion, with estimated assets of $100 million to $500 million. Logo via Advantage Rent A Car. The parent company of Advantage Rent A Car, Advantage Opco LLC, filed for Chapter 11 bankruptcy on Tuesday. The company is owned by Toronto-based private equity firm Catalyst Capital… Continue reading Advantage Rent A Car Files for Chapter 11 Bankruptcy
Renault loan still not signed, site closures must be last resort: Le Maire
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a presentation of the details for the end of the country’s lockdown imposed to curb the spread of the coronavirus disease (COVID-19), at the Hotel Matignon in Paris, France May 7, 2020. Christophe Archambault PARIS (Reuters) – French Finance Minister Bruno Le Maire… Continue reading Renault loan still not signed, site closures must be last resort: Le Maire
Mercedes-Benz Start Sales Of The EQV 300 With Big 100 kWh Battery
The electric large-capacity sedan can now be ordered as EQV 300 (combined power consumption: 26.3 kWh/100 km; combined CO2 emissions: 0 g/km)1 with a long wheelbase. Everyday electric mobility with a range of up to 418 kilometers[1] [2] and standard fast charging function. The EQV is the second member of the EQ family of Mercedes-Benz.… Continue reading Mercedes-Benz Start Sales Of The EQV 300 With Big 100 kWh Battery