@VW Group: Brands of the TRATON GROUP take action as a result of the corona pandemic

In response to the corona pandemic, the European brands of the TRATON GROUP will temporary close several plants in Europe and request temporary unemployment assistance (so called “Kurzarbeit”) to support its workers in Germany during the shutdown. “It is becoming harder and harder to supply our plants due to the spread of the coronavirus in… Continue reading @VW Group: Brands of the TRATON GROUP take action as a result of the corona pandemic

@VW Group: ŠKODA AUTO has closed Czech plants due to coronavirus pandemic for initial period of minimal two weeks

ŠKODA AUTO CEO, Bernhard Maier, explained the halt in production as follows, “With 37,000 employees in the Czech Republic alone, our responsibility extends far beyond the factory gates. Everything must be done to slow the spread of the virus in order to protect and help those who will be particularly affected – most notably the elderly… Continue reading @VW Group: ŠKODA AUTO has closed Czech plants due to coronavirus pandemic for initial period of minimal two weeks

@VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness

Audi steered a steady course through a challenging 2019 financial year. The car manufacturer systematically reduced its WLTP inventories and achieved slightly higher deliveries for the Audi brand than in the previous year in a highly competitive environment. Revenue of €55.7 billion reflects the high demand for SUVs and top-end models. Operating profit and operating… Continue reading @VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness

@VW Group: Growth in turnover and operating margin for Ducati in 2019

Ducati closes 2019 positively, consolidating the growth that has characterized the last years of the Italian motorcycle manufacturer. 53,183 (2018: 53,004) bikes were delivered to customers all over the world, a result that allowed sales to remain above 50,000 units for the fifth consecutive year, confirming the positive signs of the market which, in the… Continue reading @VW Group: Growth in turnover and operating margin for Ducati in 2019

@VW Group: Automobili Lamborghini achieves record figures in Fiscal Year 2019 Coronavirus poses significant challenges for 2020

In Fiscal Year 2019 (1 Jan – 31 Dec), Automobili Lamborghini S.p.A. achieved its best-ever results across the board, entering new dimensions in its year-long growth. The Italian super sports car producer outperformed all previous key business benchmarks: sales, turnover and profitability achieved levels unprecedented in the 56-year history of the brand. The celebration of… Continue reading @VW Group: Automobili Lamborghini achieves record figures in Fiscal Year 2019 Coronavirus poses significant challenges for 2020

@Tesla: Tesla Operational Update

PALO ALTO, Calif., March 19, 2020 (GLOBE NEWSWIRE) — In the past few days, we have met with local, state and federal officials.  We have followed and are continuing to follow all legal directions and safety guidelines with respect to the operations of our facilities, and have honored the Federal Government’s direction to continue operating. … Continue reading @Tesla: Tesla Operational Update

@Toyota: Toyota Extends Production Suspension at All Plants Until April 3

Toyota is extending the length of its production suspension at all of its automobile and components plants in North America, including Canada, Mexico and the U.S. The manufacturing facilities will be closed from March 23 through April 3, resuming production on April 6, 2020. Our service parts depots and vehicle logistics centers will continue to… Continue reading @Toyota: Toyota Extends Production Suspension at All Plants Until April 3

@Toyota: Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the U.S.

Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the U.S.  The manufacturing facilities will be closed from March 23-24, resuming production on March 25, 2020. Our service parts depots and vehicle logistics centers will continue to operate. This action is being taken to… Continue reading @Toyota: Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the U.S.