Forget about fancy showrooms and free doughnuts. Car buyers now must take delivery of their new ride at home, at work or, sometimes, sitting near a dealership parking lot at a makeshift office. “We’re trying to be sensitive to what’s going on and yet facilitate a transaction in a safe and respectful manner,” said Paul Zimmermann, partner… Continue reading Car dealers reinvent car-buying in the coronavirus era
Tag: FCA
Press Releases – COVID-19: Automotive industry signs joint Code of Business Conduct to support re-start of production
Brussels, 15 April 2020 – CLEPA (the European Automotive Suppliers’ Association) and ACEA (the European Automobile Manufacturers’ Association) have jointly adopted a ‘Code of Business Conduct in view of COVID-19’ to support a rapid and smooth restart of the automotive industry. The automotive eco-system resembles an intricate clockwork and today’s unprecedented standstill of operations risks… Continue reading Press Releases – COVID-19: Automotive industry signs joint Code of Business Conduct to support re-start of production
Auto parts maker Marelli, unions agree measures to enable return to work
MILAN (Reuters) – Auto parts maker Marelli and unions agreed on Wednesday on a package of health and security measures to allow the company to gradually resume its Italian operations when Rome eases lockdown restrictions, they said in separate statements. The Italian government last week extended until May 3 nationwide limits on movements and manufacturing… Continue reading Auto parts maker Marelli, unions agree measures to enable return to work
Ford considers production restart, expects $600 million Q1 earnings loss
Ford Motor Co. is “considering a scenario” to restart its manufacturing plants as early as next month even as it expects to post a $600 million adjusted earnings loss for the first quarter. First-quarter financial results are set to be released April 28. The Dearborn automaker says it has enough cash on hand to make it through at least… Continue reading Ford considers production restart, expects $600 million Q1 earnings loss
Fiat Chrysler bolsters cash with $3.8 billion syndicated credit
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) said on Tuesday it had successfully completed the syndication of a 3.5 billion euro ($3.8 billion)credit facility which it had agreed last month with two… Continue reading Fiat Chrysler bolsters cash with $3.8 billion syndicated credit
@FCA: FCA successfully completes syndication of the €3.5 billion credit facility
FCA successfully completes syndication of the €3.5 billion credit facility Go to Source
@Hyundai: The Mighty All-New 2021 Elantra
The Mighty All-New 2021 Elantra – Hyundai Motor Group TECH We use cookies to improve our site and your experience. By using this site, you agree to our TERMS OF USE Close Hyundai’s All-new 2021 Elantra has changed not only its design but also – everything else. The fresh esthetic was completed through unconventional lines… Continue reading @Hyundai: The Mighty All-New 2021 Elantra
@FCA: Statement: Fastener
April 14, 2020 , Auburn Hills, Mich. – FCA US LLC is voluntarily recalling an estimated 425,588 U.S.-market vehicles to tighten a windshield-wiper fastener. A warranty data review prompted an FCA investigation that discovered a fastener intended to connect windshield-wiper arms on certain vehicles, may not be sufficiently secured. If so, intended wiper-arm movement may be compromised,… Continue reading @FCA: Statement: Fastener
Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020.
Maranello, 10 April 2020 – Ferrari N.V. (“Ferrari” o la “Società”) (NYSE/MTA: RACE ) has extended the suspension of its manufacturing activity until 3 May 2020, in accordance with today’s Government announcement.All activities that can be managed by smart working will continue regularly as in the past weeks. The Company will continue to pay days… Continue reading Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020.
Nissan reportedly wants a $4.6 billion lifeline to ‘engineer a desperately needed turnaround’ amid the coronavirus pandemic
With the ongoing COVID-19 pandemic, car sales have plummeted and factories have been idled – leaving many automakers scrambling for cash.Nissan isn’t the only automaker struggling right now, however.Toyota, Fiat Chrysler, and others have also requested new credit lines while people continue to stay home and car sales plummet as a result.A supposed restructuring plan, scheduled to roll out next month and through March 2023, could slash 1 million cars from annual sales targets.