Category: News Site

Aston Martin to halt car production at both factories

Aston Martin Move brings luxury carmaker into line with other vehicle manufacturers during coronavirus lockdown Aston Martin’s first SUV, the DBX, inside their factory in St Athan in south Wales. Photograph: Aston Martin/PA Aston Martin Lagonda plans to stop production at its two factories on Wednesday because of the coronavirus lockdown, bringing the struggling luxury… Continue reading Aston Martin to halt car production at both factories

Volkswagen planning shorter hours for 80,000 German workers – Focus

BERLIN, March 24 (Reuters) – German carmaker Volkswagen is planning to put around 80,000 employees in Germany on shorter working hours because of the economic fallout from the coronavirus epidemic, Focus magazine reported on Tuesday, citing company sources. The company has already temporarily shut plants in Europe and around the world in response to the… Continue reading Volkswagen planning shorter hours for 80,000 German workers – Focus

Ford joins GE, 3M in speeding up ventilator, respirator production

(Reuters) – Carmaker Ford Motor Co (F.N) on Tuesday jumped into the emergency push by major U.S. manufacturers to produce thousands of ventilators and respirators needed to help combat the spread of the coronavirus under a partnership code-named “Project Apollo.” FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt,… Continue reading Ford joins GE, 3M in speeding up ventilator, respirator production

Ford extends production halt at U.S. plants beyond March 30

(Reuters) – Ford Motor Co (F.N) said on Tuesday it does not plan to restart production at its manufacturing plants in the United States, Canada and Mexico on March 30, as was originally planned. The No.2 U.S. automaker said it was reassessing the timing of resuming production. The Detroit Three automakers had said last week… Continue reading Ford extends production halt at U.S. plants beyond March 30

UPDATE 2-General Motors to draw down $16 billion in credit, suspends 2020 outlook

(Reuters) – General Motors Co said on Tuesday it will draw about $16 billion from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak. FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019.… Continue reading UPDATE 2-General Motors to draw down $16 billion in credit, suspends 2020 outlook

Magenta Power developing EV charging solutions for rural India

Mumbai-based energy solutions company, Magenta Power is working on developing electric vehicle charging solutions for rural markets. The startup company is a pioneer in creating the EV ecosystem in India from manufacturing and deploying chargers to managing and monitoring the charging systems. Magenta Power also has an extensive plan of having 500 charging points across… Continue reading Magenta Power developing EV charging solutions for rural India

Fiat Chrysler to make face masks for North America

MILAN (Reuters) – Italian-U.S. car giant Fiat Chrysler has confirmed plans to produce a million face masks a month and said it will distribute them to emergency services in North America to help the fight against coronavirus. FILE PHOTO: A medical worker wearing a protective mask and glasses, who treats patients suffering from coronavirus disease… Continue reading Fiat Chrysler to make face masks for North America