Gabrielle Coppola, David Welch and Chester Dawson, Bloomberg Published 1:04 p.m. ET May 6, 2020 | Updated 1:11 p.m. ET May 6, 2020 Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call off purchases, in some cases even redirecting vehicles in transit to their… Continue reading Hertz and Avis cancel orders in setback for battered automakers
Tag: Toyota
Press Releases – 298 automobile factories operating across Europe, new data shows
Brussels, 6 May 2020 – 298 automobile assembly and engine production plants operate in Europe today, according to freshly-updated data from the European Automobile Manufacturers’ Association (ACEA). Cars, vans, trucks, buses and engines are manufactured at these factories, 196 of which are situated within the European Union (EU27). ACEA is publishing this data in the… Continue reading Press Releases – 298 automobile factories operating across Europe, new data shows
Uber CEO tells employees that it is finalizing layoffs as fears circulate among staff that 4,000 jobs will be cut (UBER)
Uber’s CEO told employees during an all-hands meeting on Tuesday that it was close to finalizing layoffs, saying that plans would be announced within two weeks. Some employees think layoffs could hit next week, with one source telling Business Insider that the company could trim 4,000, including attrition. The company has already slashed jobs at… Continue reading Uber CEO tells employees that it is finalizing layoffs as fears circulate among staff that 4,000 jobs will be cut (UBER)
@Toyota: Powering In-Vehicle Alerts and Enhancing Driver Safety: Our Portfolio Company Nauto Is Hiring
Image courtesy of Nauto Led by founder and CEO Stefan Heck, our portfolio company Nauto is leveraging artificial intelligence to help make roads safer. Nauto’s AI-powered Driver Behavior Learning Platform for commercial fleets uses sensors and machine learning to identify high-risk situations, like distracted driving, and alert drivers to potential collisions before they happen. By collecting… Continue reading @Toyota: Powering In-Vehicle Alerts and Enhancing Driver Safety: Our Portfolio Company Nauto Is Hiring
@Toyota: Toyota USA Foundation Builds Upon Company’s Ongoing COVID-19 Relief Efforts
Provides $2.5 Million to Address Hunger and E-Learning Programs Nationwide PLANO, Texas (May 5, 2020) – Amid growing demand for emergency relief as a result of COVID-19, the Toyota USA Foundation awarded $2.5 million in grants to a variety of nonprofits across the nation. Funds address crucial needs – particularly food assistance – in urban… Continue reading @Toyota: Toyota USA Foundation Builds Upon Company’s Ongoing COVID-19 Relief Efforts
Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery
Brussels, 5 May 2020 – COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment. The European automotive sector, which has been hit particularly badly, proposes a plan comprised of 25 key actions to ensure a strong restart of the sector and… Continue reading Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery
Honda, PSA to gradually restart car plants in coming weeks
Tara Patel and Siddharth Philip, Bloomberg Published 11:38 a.m. ET May 4, 2020 | Updated 11:42 a.m. ET May 4, 2020 PSA Group and Honda Motor Co. will gradually restart manufacturing sites in the coming weeks as European countries begin to lift lockdown restrictions and reopen vehicle showrooms. The first wave of resumptions at PSA’s… Continue reading Honda, PSA to gradually restart car plants in coming weeks
@Toyota: Toyota keeps the capital’s key workers moving through car sharing service, hiyacar
All Toyota GB vehicles listed on London-based car sharing service, hiyacar, made available to key workers with rental fee waived 571 days’ worth of Toyota car loans taken up by key workers to date Cars being positioned at hospitals for ease of access Doctors, nurses and police officers are top users of service Toyota GB… Continue reading @Toyota: Toyota keeps the capital’s key workers moving through car sharing service, hiyacar
Nissan to retrench further in new plan to focus on US, Japan, China
May 4 (Reuters) – Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters.
The “operational performance plan” is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn's aggressive expansion drive, the people said.
Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan – reported here for the first time – Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters.
“This is not just a cost-cutting plan. We're rationalising operations, reprioritising and refocusing our business to plant seeds for the future,” one of the people said.
The plan also aims to cut competition and expand cooperation with alliance par..
Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China
(Reuters) – Nissan Motor Co Ltd (7201.T) will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters. FILE PHOTO: People walk past a dealer shop of Nissan… Continue reading Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China