Tag: Ford

Press Releases – Corona crisis: Guidelines for re-launch of EU auto industry

Brussels, 16 April 2020 – As Europe is grappling with the health, social and economic impacts of COVID-19, the European Automobile Manufacturers’ Association (ACEA) has set out four guiding principles for a successful re-launch of the auto industry, which will be vital to the wider economic recovery of the continent. “It is in Europe’s interest… Continue reading Press Releases – Corona crisis: Guidelines for re-launch of EU auto industry

@Ford: Ford Announces Changes to Automotive Operations to Further Accelerate Transformation Plan

Company taking series of actions to better serve customers, streamline decision-making and increase accountability Strategic organizational moves focus on accelerating a winning portfolio, commercial vehicles as a business and implementing customer facing digital experiences across platforms Data and AI play pivotal role in servicing company’s brands and customers particularly in Connected Vehicles and Enterprise Connectivity… Continue reading @Ford: Ford Announces Changes to Automotive Operations to Further Accelerate Transformation Plan

Car dealers reinvent car-buying in the coronavirus era

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

Auto supplier Magna preparing for N. America return to work May 4 -exec

DETROIT (Reuters) – Canadian auto supplier Magna International Inc (MG.TO) is planning for a return to production in North America on May 4, with a subsequent gradual increase in output as the industry recovers from the shutdown caused by the coronavirus pandemic, a top executive said on Wednesday. Most U.S. states have stay-at-home orders in… Continue reading Auto supplier Magna preparing for N. America return to work May 4 -exec

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

G.M. Lays Out Ambitions for Electric-Vehicle Lineup to Rival Tesla

WARREN, Mich. — Over the last three months, Tesla’s stock price has more than doubled, adding tens of billions of dollars in market value, as investors have concluded that the company is poised to lead the auto industry’s transition to battery-powered vehicles. Now General Motors is trying to make the case that it isn’t far… Continue reading G.M. Lays Out Ambitions for Electric-Vehicle Lineup to Rival Tesla

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