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Vauxhall boss: coronavirus will change car buying for good

Vauxhall boss Stephen Norman believes the UK’s virus lockdown is encouraging car buyers to embrace a new phone-based direct sales system his company is rushing to put in place — and is confident it will remain effective long after business returns to normal. Norman is so passionate about the new project that he is currently… Continue reading Vauxhall boss: coronavirus will change car buying for good

India’s TVS in talks to buy British motorcycle brand Norton

The 122-year-old Norton Motorcycles ran out of cash in January and failed to pay taxes. Norton’s last owner, Stuart Garner, with business interests in real estate and hospitality, had acquired the legacy brand in 2008. “Norton is in the liquidation stage currently and the administration in the UK plans to sell off the brand, its… Continue reading India’s TVS in talks to buy British motorcycle brand Norton

GM, Philips to supply 73,000 U.S. ventilators in $1.1 billion effort

FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio WASHINGTON (Reuters) – The U.S. Health and Human Services Department (HHS) on Wednesday awarded two contracts worth more than $1 billion to make ventilators needed to treat severely sick coronavirus patients and… Continue reading GM, Philips to supply 73,000 U.S. ventilators in $1.1 billion effort

Employees should donate part of the bonus: Porsche pays each employee a bonus of 9,000 euros

DPA Porsche CEO Oliver Blume: “Employees are encouraged to donate to non-profit organizations on a voluntary basis” The sports car maker Porsche Show stock market chart Pays its employees a bonus of € 9,000 each for their work in the past year 2019 as agreed – but calls on the employees to voluntarily donate something… Continue reading Employees should donate part of the bonus: Porsche pays each employee a bonus of 9,000 euros

Sales plummet 15 percent worldwide: Mercedes wants to gradually ramp up production again

DPA Mercedes plant in Sindelfingen: Controlled ramp-up of production at Daimler from April 20 The car maker Daimler suffered significant sales losses worldwide in the first quarter due to the corona pandemic. In total, around 477,400 Mercedes and Smart cars were sold from January to March this year, which corresponds to a decline of 14.9… Continue reading Sales plummet 15 percent worldwide: Mercedes wants to gradually ramp up production again

Car maker: unrest at Daimler: Management Board wants to merge financial organizations

Daimler headquarters in Stuttgart Of all things in the corona crisis, the chief financial officer unsettled his team with an organizational reorganization, according to the company. (Photo: AFP) Munich For Daimler– Chief Financial Officer Harald Wilhelm April 1, 2020 is a special date. Finally the former celebrated airbus-Manager at the beginning of the month not… Continue reading Car maker: unrest at Daimler: Management Board wants to merge financial organizations

Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers

FILE PHOTO: A view shows the Toyota Motor Manufacturing plant in Tijuana, Mexico May 31, 2019. Picture taken May 31, 2019. REUTERS/Jorge Duenes WASHINGTON (Reuters) – Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks. The Japanese automaker cited… Continue reading Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers

Renault board to consider dropping dividend – sources

PARIS, April 8 (Reuters) – French car maker Renault’s board will meet on Thursday to decide on possibly dropping the dividend payment this year in light of the coronavirus crisis, three sources familiar with the situation have told Reuters. A Renault spokesperson was not immediately available for comment. While several automotive companies such as Michelin… Continue reading Renault board to consider dropping dividend – sources