Brussels, 9 April 2020 – Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 motor vehicles to date, according to new figures published by the European Automobile Manufacturers’ Association (ACEA). This figure – covering passenger cars, trucks, vans, buses and coaches – is up from 1.2 million… Continue reading Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers
Tag: Renault
Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers
FILE PHOTO: A view shows the Toyota Motor Manufacturing plant in Tijuana, Mexico May 31, 2019. Picture taken May 31, 2019. REUTERS/Jorge Duenes WASHINGTON (Reuters) – Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks. The Japanese automaker cited… Continue reading Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers
Renault board to consider dropping dividend – sources
PARIS, April 8 (Reuters) – French car maker Renault’s board will meet on Thursday to decide on possibly dropping the dividend payment this year in light of the coronavirus crisis, three sources familiar with the situation have told Reuters. A Renault spokesperson was not immediately available for comment. While several automotive companies such as Michelin… Continue reading Renault board to consider dropping dividend – sources
VW Atlas Cross Sport has what it takes to run with the best 5-seat midsize SUVs
CLOSE Midsize SUV delivers style, value, features Detroit Free Press Volkswagen hit a trifecta with the Atlas Cross Sport five-passenger SUV: Looks, value and features. After struggling to cash in on the SUV boom for years, VW’s model line has caught up with the American customer. SUVs accounted for 52% of 2019 US vehicle sales,… Continue reading VW Atlas Cross Sport has what it takes to run with the best 5-seat midsize SUVs
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
To survive and thrive, it’s time for the automotive sector to diversify its supply chain
Coronavirus and recent trade wars have made one thing clear – the current supply chain model in the automotive sector is unsustainable. Neeraj Kanwar, managing director of one of the world’s largest tyre manufacturing companies, reports. The past couple of weeks has witnessed numerous carmakers shut their plants across the US, UK and Europe. We… Continue reading To survive and thrive, it’s time for the automotive sector to diversify its supply chain
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
Renault plant in Moscow extends production suspension
MOSCOW, April 6. / TASS /. The Renault concern in Moscow has extended the suspension of production in connection with the decree by Russian President Vladimir Putin on the extension of non-working days until the end of April, an official representative of the company told TASS on Thursday.
“In accordance with the decree by the Russian President, the Moscow Renault plant suspended car production starting on March 30, 2020. These are paid non-working days for workers. The plant will resume its work depending on further decisions of the government,” the representative said.
Previously, the week from March 30 to April 3 was declared a non-working week, to combat the spread of the coronavirus. The Renault plant suspended the conveyor for this period. Later, the President announced the extension of non-working days until April 30.
The suspension of production was also announced by Nissan, Toyota and the Avtotor Kaliningrad plant. At the same time, starting on April 6, automobile production w..
Carmaker PSA secures further 3 billion euros worth of loans
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann/File Photo PARIS (Reuters) – French carmaker and Peugeot-owner PSA (PEUP.PA) announced on Monday a further 3 billion euros… Continue reading Carmaker PSA secures further 3 billion euros worth of loans