What if instead of FCA cars (together with Ferrari) he converted to the construction of respirators? It is the hypothesis that is taking shape in these hours and that would see the Lingotto group engage personally with some of its factories to collaborate with the Bolognese Siare Engineering, the only Italian company capable of producing… Continue reading Coronavirus, the hypothesis that FCA can “convert” to the construction of respirators takes shape
Tag: Ford
@VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness
Audi steered a steady course through a challenging 2019 financial year. The car manufacturer systematically reduced its WLTP inventories and achieved slightly higher deliveries for the Audi brand than in the previous year in a highly competitive environment. Revenue of €55.7 billion reflects the high demand for SUVs and top-end models. Operating profit and operating… Continue reading @VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness
Ford borrows $15.4bn to manage plant shutdown
Loan is largest any company has made because of the pandemic Go to Source
@Ford: Ford Takes Action to Address Effects of Coronavirus Pandemic; Company Offers New-Car Customers Six-Month Payment Relief
Ford Motor Company is taking a series of initiatives to further bolster the company’s cash position amid the coronavirus health crisis, maintain strategic flexibility on behalf of its team and customers. Go to Source
UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
LONDON (Reuters) – Some of Britain’s biggest companies with expertise in aerospace and cars have formed three teams to produce basic ventilators to help the National Health Service cope with the coronavirus outbreak. Meggitt (MGGT.L), which employs 12,000 people and builds components including oxygen systems for civil aerospace and military fighter programs, is leading one… Continue reading UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
Ford pulls down $15.4 billion in credit as virus hits
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay (Reuters) – Ford Motor Co (F.N) said on Thursday it was drawing down $15.4 billion from two existing credit lines and suspending dividend payments as it bolsters its reserves to ride out damage to… Continue reading Ford pulls down $15.4 billion in credit as virus hits
Elon Musk: Tesla ‘will make ventilators if there is a shortage’
Sponsored Links Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, Monday, March 9, 2020. ASSOCIATED PRESS Elon Musk simply refuses to stop tweeting (because “Twitter is fun“) but his most recent conversation could be about more than fun. While facing widespread criticism over his response to… Continue reading Elon Musk: Tesla ‘will make ventilators if there is a shortage’
Foreign, Domestic Automakers Suspend Production at North American Factories
Photo via Wikimedia/Anonyme General Motors, Ford, and Fiat Chrysler will suspend production at North American manufacturing facilities to fight the spread of COVID-19/coronavirus, according to press statements and news reports. Both GM and Ford stated their suspensions will last until at least March 30. GM stated its production status will be reevaluated week-to-week after that.… Continue reading Foreign, Domestic Automakers Suspend Production at North American Factories
GM, Tesla, Ford offer to make ventilators to soothe coronavirus shortages
Several automakers offered today to turn their manufacturing expertise towards helping alleviate medical device shortages as the COVID-19 pandemic threatens to overload hospitals. GM, Tesla and Ford were among those who offered help in the US. We’re tracking EV plant shutdowns across the globe, with news coming in every day about plants being shuttered. But… Continue reading GM, Tesla, Ford offer to make ventilators to soothe coronavirus shortages
Coronavirus closure: Fiat Chrysler idles Ram 1500 pickup plant in Michigan
Fiat Chrysler is idling the Sterling Heights, Mich., factory where it builds the Ram 1500 indefinitely, after revealing that an employee at the facility tested positive for the coronavirus (COVID-19).On Monday, Fiat Chrysler, Ford, GM and the UAW came to an agreement on implementing new precautionary measures to continue U.S. auto manufacturing in the coming weeks.The Sterling Heights facility produces the latest generation Ram 1500, while the last generation 1500 Classic is built at factories in Warren, Mich., and Mexico that remain open.