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

@Nissan: Regarding COVID-19 infection at Nissan headquarters

2020/04/05 YOKOHAMA, Japan – An employee working at Nissan Motor Co., Ltd.’s global headquarters in Yokohama tested positive on April 4 for the COVID-19 coronavirus. The employee started to show symptoms of COVID-19 on March 23. The employee took the polymerase chain reaction (PCR) test on April 3 and was diagnosed as positive on the… Continue reading @Nissan: Regarding COVID-19 infection at Nissan headquarters

Toyota halts Japan production as carmakers slam on the brakes

TOKYO — Toyota Motor suspended production at five plants across Japan on Friday, joining the ranks of automakers throughout the world that have been forced to do the same as the coronavirus pandemic stifles sales.  However, Japan’s largest automaker said it hopes its strong cash position can help it endure the pain. “I have said multiple times… Continue reading Toyota halts Japan production as carmakers slam on the brakes

Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View

Autoliv, Inc. ALV recently canceled its quarterly dividend scheduled for Jun 4 and suspended future dividends until further notice. It also withdrew the 2020 guidance to preserve cash as vehicle sales drop on the coronavirus outbreak. The company also drew the remaining $600 million from its revolving credit facility of $1 billion. Notably, it had… Continue reading Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View

Nissan to furlough staff and suspend production for whole of April – Chronicle Live

Car giant Nissan is to suspend production at its Sunderland plant for the rest of April and put most of its staff on furlough as the coronavirus lockdown continues. The company – which employs more than 6,000 people at Sunderland and supports thousands more in the regional supply chain – had initially suspended production on… Continue reading Nissan to furlough staff and suspend production for whole of April – Chronicle Live

March 2020 strongest month so far: Purchase premium drives demand for electric cars to record highs

Jan Woitas / dpa central image An electrically powered BMW i3 in downtown Leipzig Last March, more applications were made for the electric car and plug-in hybrid purchase premium than ever in a month. A total of 12,365 people or companies registered with the responsible Federal Office of Economics and Export Control, as can be… Continue reading March 2020 strongest month so far: Purchase premium drives demand for electric cars to record highs

Commercial Fleet Sales Drop in March

Commercial car sales were down 47.3% year-over-year during March at 4,962 units, while truck and SUV segment vehicle sales were down 13.7% at 60,173, according to Automotive Fleet data. Photos courtesy of Ford, GM, FCA, and Nissan.  Commercial fleet sales from nine manufacturers totaled 65,135 in March 2020, representing an 17.7% year-over-year decrease. Total fleet… Continue reading Commercial Fleet Sales Drop in March

@Mitsubishi: Mitsubishi Motor Sales of Canada reports 23,836 vehicles delivered in fiscal year 2019

Apr 01, 2020 ID: 16030 Immediate Release Fiscal Year 2019 Sales Highlights (April to March) RVR – 6,976 Outlander – 5,901 Eclipse Cross – 4,948 – 10% increase Outlander PHEV – 4,149 Mississauga, ON – April 1, 2020 – Mitsubishi Motor Sales of Canada reports 23,836 vehicles delivered in fiscal year 2019 representing a three… Continue reading @Mitsubishi: Mitsubishi Motor Sales of Canada reports 23,836 vehicles delivered in fiscal year 2019

@Mitsubishi: Mitsubishi Motors Reports March 2020 Sales

In response to the ongoing COVID-19 outbreak, all MMNA headquarters and regional team members began working from home as of March 16. As of today, 97 dealerships (28% of MMNA’s national count) have closed the sales side of their facilities, and another 94 (27%) are open by appointment-only, due to local government order. MMNA and… Continue reading @Mitsubishi: Mitsubishi Motors Reports March 2020 Sales

Penske Dash Selects Ridecell As Technology Partner To Power New Carsharing Service – PRNewswire

SAN FRANCISCO, Oct. 22, 2019 /PRNewswire/ — Ridecell Inc., the leading platform provider for shared mobility operators, today announced it has been selected by Penske Dash as the technology partner for Penske Dash carsharing. The Ridecell platform used by Penske Dash provides a complete solution for their carsharing service of Volkswagen Jetta cars, launching this… Continue reading Penske Dash Selects Ridecell As Technology Partner To Power New Carsharing Service – PRNewswire