Category: News Site

Tesla stock (TSLA) tumbles below $400 on factory shutdown order

As a volatile stock, Tesla (TSLA) has taken a strong hit in this market correction triggered by the coronavirus crisis. Now the stock tumbles even further, below $400 a share, as the automaker is forced to shut down their Fremont factory. As we reported earlier this week, it looked like Tesla was trying to defy… Continue reading Tesla stock (TSLA) tumbles below $400 on factory shutdown order

SilverBullet offers dealers free trial of car sales platform

Silver Bullet is offering dealers a three-month free trial of its online platform for car sales. The platform, which is owned by Peter Vardy, offers full eCommerce transactions at a time when showroom traffic is expected to fall because of the Coronavirus threat. SilverBullet said its clients are seeing 50% less time in the dealership… Continue reading SilverBullet offers dealers free trial of car sales platform

Toyota Motor shutting North American plants for two days next week

FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su (Reuters) – Toyota Motor Corp (7203.T) said it will close its North American plants on Monday and Tuesday of next week and will reopen on Wednesday amid the expected coronavirus sales decline. The… Continue reading Toyota Motor shutting North American plants for two days next week

BMW annual balance sheet in times of the corona virus pandemic: clear words about the corona turmoil

Eric Krügl / BMW “Cautiously confident” – BMW boss Oliver Zipse hits the right note in times of coronavirus That’s not how it was meant in Munich, of course. BMWBoss Oliver Zipse wanted to set the first signs at the annual press conference 2020. Seven months ago he took over the position of CEO, now… Continue reading BMW annual balance sheet in times of the corona virus pandemic: clear words about the corona turmoil

VW brand had a good year in 2019, but …: Coronavirus is also weighing on VW’s electric car plans

Oliver Killig / Volkswagen VW ID.3: The electric car is due to come onto the market in summer despite software delays and the corona crisis The Corona crisis will be a tough test for the VW Group’s main brand in the middle of the ramp-up of e-mobility this year. The business figures continued to improve… Continue reading VW brand had a good year in 2019, but …: Coronavirus is also weighing on VW’s electric car plans

EXCLUSIVE goal for 2023: Volkswagen plans cheaper electric cars

Friso Gentsch / Volkswagen CEO Herbert Diess wants platform for small electric cars. Volkswagen wants a significantly cheaper generation of Electric cars launch. The models should have their own architecture and if possible go on sale from 2023. CEO Herbert Diess wants to make it possible with the new architecture to also offer small cars… Continue reading EXCLUSIVE goal for 2023: Volkswagen plans cheaper electric cars

The valuation of the automobile of the economic and labor measures of the Government

March 18, 2020 Category: Featured press, Faconauto News, Press releases Sectorial employers positively value this first package of urgent economic and labor measures. The employers of vehicle and component manufacturers, ANFAC and SERNAUTO, and that of dealers, FACONAUTO, positively value this first package of urgent economic and labor measures approved by the Government. These are… Continue reading The valuation of the automobile of the economic and labor measures of the Government