Tag: FCA

Honda, Nissan to stop paying furloughed workers at US plants

Shiho Takezawa and Chester Dawson, Bloomberg Published 3:00 p.m. ET April 7, 2020 | Updated 3:02 p.m. ET April 7, 2020 Honda Motor Co. and Nissan Motor Co. will temporarily stop paying workers laid off from their idled U.S. plants as the coronavirus stifles demand for cars and trucks. The two Japanese companies on Tuesday… Continue reading Honda, Nissan to stop paying furloughed workers at US plants

Honda, Nissan furlough U.S. workers as auto demand plummets

FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo TOKYO/WASHINGTON (Reuters) – Honda Motor Co (7267.T) and Nissan Motor Co (7201.T) on Tuesday said they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic slashes demand for… Continue reading Honda, Nissan furlough U.S. workers as auto demand plummets

Fiat Chrysler pushes back manufacturing restart to May 4

Fiat Chrysler Automobiles plans to restart its production plants on May 4. The announcement Monday caps speculation that the plants would remain closed longer than initially envisioned as the COVID-19 outbreak has continued to expand. FCA, which has experienced numerous deaths related to the coronavirus, said employee health is a top priority. The Free Press… Continue reading Fiat Chrysler pushes back manufacturing restart to May 4

Honda, Fiat Chrysler cancel all April U.S., Canadian auto production

FILE PHOTO: Honda Motor’s logo is seen on Civic sedan car at its showroom in Tokyo, Japan October 4, 2017. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) – Honda Motor Co (7267.T) and Fiat Chrysler Automobiles NV said on Monday they will extend their auto production shutdown in the United States and Canada to all of April. The… Continue reading Honda, Fiat Chrysler cancel all April U.S., Canadian auto production

Press Releases – UK trade deal: EU auto makers call for far-reaching agreement

Brussels, 6 April 2020 – The scale and ambition of the trade agreement that replaces the United Kingdom’s membership of the EU must reflect the deeply intertwined nature of the automotive sector, urges the European Automobile Manufacturers’ Association (ACEA). If not, this would not only severely damage the industry and the wider economy, but it… Continue reading Press Releases – UK trade deal: EU auto makers call for far-reaching agreement

March 30, 2020 Via raises Series E financing to expand access to efficient, sustainable, and equitable public mobility across the globe John…

March 30, 2020 Via raises Series E financing to expand access to efficient, sustainable, and equitable public mobility across the globe John Elkann, Chairman and CEO of EXOR, lead investor in the financing: “More important than ever to work for an innovative and sustainable future.” March 30, 2020 (New York, NY) — Via, the company… Continue reading March 30, 2020 Via raises Series E financing to expand access to efficient, sustainable, and equitable public mobility across the globe John…

Ford CEO Jim Hackett received $17.36 million in compensation in 2019

Ford Motor Co. CEO Jim Hackett in 2019 received $17.36 million in total compensation, the Dearborn automaker reported in a Friday filing with the Securities and Exchange Commission. Hackett’s income last year, his second full year as CEO, fell 2.2% from the $17.75 million the chief executive was paid in 2018. While Hackett’s base salary was steady at $1.8 million and his stock awards were… Continue reading Ford CEO Jim Hackett received $17.36 million in compensation in 2019

Press release 09 / 2020- vehicle registrations in March 2020

Date 4/3/2020 Flensburg, April 3, 2020. 215,119 Passenger cars (Passenger cars) were newly registered in March 2020. Compared to the same month in the previous year, the Corona crisis showed a decline of -37.7 percent. The number of commercial New registrations decreased by -39.6 percent, their share was 61.9 percent, private registrations lost -34.4 percent.… Continue reading Press release 09 / 2020- vehicle registrations in March 2020

Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program

Maranello (Italy), 01 April 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange… Continue reading Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program