Donkervoort Automobielen B.V. is steadily expanding its network of authorised dealers & service points. In addition to its own facilities in Lelystad and Düsseldorf, Donkervoort is represented in Belgium and France but now also in Spain, Switzerland and Israel. In its more than 41 years of existence, Donkervoort Automobielen B.V. has built many sports cars… Continue reading Donkervoort expands its dealer network with four new partners
Category: Automotive
Getaround Looks for Buyer as Demand Declines
Peer-to-peer carsharing app Getaround is is actively looking for a buyer as the demand for rentals has plummeted due to the COVID-19 outbreak, Bloomberg reports. The company, which says it has over 5 million users, has been previously valued at over $1 billion by investors. As global travel has fallen, Getaround needs either a buyer or… Continue reading Getaround Looks for Buyer as Demand Declines
DriveItAway App Announces ‘Touchless’ Delivered Car Rental with Purchase Option
The program offers a fully in-app rental with an option to purchase, where any dealer can offer a customer the ability to choose any used vehicle in inventory. Photo via Depositphotos. DriveItAway has adapted its app-based platform to meet the challenges car dealers and consumers face in the current coronavirus environment. The app now allows for… Continue reading DriveItAway App Announces ‘Touchless’ Delivered Car Rental with Purchase Option
VW burning through $2.2 billion a week with factories closed by coronavirus – Autoblog
FRANKFURT — Volkswagen may have to cut jobs if the coronavirus pandemic is not brought under control as the carmaker is still spending about 2 billion euros ($2.2 billion) a week, Chief Executive Herbert Diess told German TV channel ZDF. Diess told the Markus Lanz talkshow that the German company, which employs 671,000 people worldwide,… Continue reading VW burning through $2.2 billion a week with factories closed by coronavirus – Autoblog
Volkswagen’s production shutdown costs $2.2bn per week, chief executive says – The National
Volkswagen’s unprecedented move to halt output on both sides of the Atlantic costs the world’s largest automaker $2.2 billion (Dh8.07bn) per week, and chief executive Herbert Diess said decisive action is critical to overcome the coronavirus pandemic. Sales outside China have effectively come to a standstill, while demand in the country, the company’s largest single… Continue reading Volkswagen’s production shutdown costs $2.2bn per week, chief executive says – The National
Daimler CEO on ‘balancing act’ to protect company – BBC News
Ola Kallenius, the CEO of Daimler says the health and safety of staff and health of the company are his priorities. He told Hardtalk’s Stephen Sackur: “We are going through a balancing act. We have not turned off the company completely. We have stopped many of our production operations and we have stopped also some… Continue reading Daimler CEO on ‘balancing act’ to protect company – BBC News
@FCA: FCA Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children
Fiat Chrysler Automobiles Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children Included in New Programs March 27, 2020 , Auburn Hills, Mich. – As previously communicated to the company’s employees from Fiat Chrysler Automobiles (FCA) CEO Mike Manley, the company is in the process of converting its first plant to produce face masks for… Continue reading @FCA: FCA Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children
MAGNA POSTS 2019 ANNUAL REPORT
AURORA, Ontario, March 27, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2019 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. Magna has also filed these documents with the… Continue reading MAGNA POSTS 2019 ANNUAL REPORT
Allison Transmission Provides Update on Impact of COVID-19
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) today provided a business update in light of the rapid spread of the COVID-19 virus. In response to recent disruptions to our supply chain, changes in customer demand and a weaker outlook for the global economy, Allison is temporarily suspending production at select manufacturing facilities beginning March 30,… Continue reading Allison Transmission Provides Update on Impact of COVID-19
UPDATE 1-GM reaches settlement over lost vehicle value from defective ignition switches
(Adds details from settlement, GM comment, byline) By Jonathan Stempel NEW YORK, March 27 (Reuters) – General Motors Co has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths. The preliminary settlement was filed on Friday night with… Continue reading UPDATE 1-GM reaches settlement over lost vehicle value from defective ignition switches