Amsterdam, the Netherlands, 19 March 2020 – TomTom (TOM2) announced that Harold Goddijn, co-founder and TomTom’s CEO, and Corinne Vigreux, co-founder and Chief Marketing Officer, have purchased TomTom shares, respectively 155,000 and 100,000, as a result of exercising their 2013 stock option plans. -ENDS- About TomTom: TomTom is the leading independent location technology specialist,… Continue reading TomTom Chief Executive Officer purchases shares
Category: Automotive
@Groupe PSA: Monthly World Sales February 2020
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Asian stocks fall more as rising dollar aggravates selloff
HONG KONG (Nikkei Markets) — Asian shares extended losses on Thursday, weighed by a surging dollar and intensifying concerns over the impact of the coronavirus pandemic. The Nikkei Asia300 index of companies outside Japan fell 4.4% to 994.89. The losses came as the dollar index climbed to its highest level in three years. Increasing volatility… Continue reading Asian stocks fall more as rising dollar aggravates selloff
Japan car lobby chief says coronavirus having big impact on sales
TOKYO (Reuters) — A coronavirus pandemic is having a big impact on the automotive manufacturing industry, the head of a Japanese lobby group said on Thursday, adding that its members will need to keep adjusting production, amid a projected slump in demand. “The truth is, it was shocking just how much the world could change… Continue reading Japan car lobby chief says coronavirus having big impact on sales
Ford borrows $15.4bn to manage plant shutdown
Loan is largest any company has made because of the pandemic Go to Source
@Ford: Ford Takes Action to Address Effects of Coronavirus Pandemic; Company Offers New-Car Customers Six-Month Payment Relief
Ford Motor Company is taking a series of initiatives to further bolster the company’s cash position amid the coronavirus health crisis, maintain strategic flexibility on behalf of its team and customers. Go to Source
Hyundai Motor’s Czech plant to suspend output for two weeks due to coronavirus
SEOUL, March 19 (Reuters) – Hyundai Motor's Czech plant will suspend production from March 23 to April 3 due to the coronavirus outbreak, a company spokesman said on Thursday.
UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
LONDON (Reuters) – Some of Britain’s biggest companies with expertise in aerospace and cars have formed three teams to produce basic ventilators to help the National Health Service cope with the coronavirus outbreak. Meggitt (MGGT.L), which employs 12,000 people and builds components including oxygen systems for civil aerospace and military fighter programs, is leading one… Continue reading UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
Autoliv Takes Measures to Mitigate the Potential Effects of the Corona Virus (COVID-19) Pandemic and Draws $500M From Credit
STOCKHOLM, March 19, 2020 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today announced that the coronavirus (COVID-19) outbreak will likely lead to a negative effect on the Company’s operations due to how the outbreak is affecting the automotive industry in general. The extent of such negative impact remains to… Continue reading Autoliv Takes Measures to Mitigate the Potential Effects of the Corona Virus (COVID-19) Pandemic and Draws $500M From Credit
Goodyear to suspend Americas manufacturing through at least April 3 due to COVID-19
Goodyear Tire & Rubber Co. on Wednesday said it will suspend Americas manufacturing through at least April 3 because of the coronavirus pandemic. The shutdown is to begin at plants in the U.S., Mexico, Canada, Brazil, Chile, and Colombia. On Tuesday, the company announced plans to temporarily close its European tire and retread plants in… Continue reading Goodyear to suspend Americas manufacturing through at least April 3 due to COVID-19