Tag: Ford

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

FCA worker based at Chelsea Proving Grounds dies as COVID-19 toll climbs

CLOSE Scenes from Detroit as residents learn to live and adapt to the COVID-19 pandemic and find their new normal. Detroit Free Press A Fiat Chrysler Automobiles worker based at the Chelsea Proving Grounds and diagnosed with the novel coronavirus died Thursday morning, the UAW said. This is the 12th confirmed death of an FCA employee… Continue reading FCA worker based at Chelsea Proving Grounds dies as COVID-19 toll climbs

Nissan seeks $4.6bn credit line to raise liquidity amid pandemic

TOKYO — Nissan Motor is seeking a credit line worth 500 billion yen ($4.6 billion) from Japanese banks, led by Mizuho Bank. The move is aimed at staving off funding problems for the Japanese automaker as vehicle sales plunge amid the new coronavirus outbreak. The Japanese automaker decided to make the request at a board meeting on… Continue reading Nissan seeks $4.6bn credit line to raise liquidity amid pandemic

Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers

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

GM, Philips to supply 73,000 U.S. ventilators in $1.1 billion effort

FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio WASHINGTON (Reuters) – The U.S. Health and Human Services Department (HHS) on Wednesday awarded two contracts worth more than $1 billion to make ventilators needed to treat severely sick coronavirus patients and… Continue reading GM, Philips to supply 73,000 U.S. ventilators in $1.1 billion effort

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

@Ford: Savvy Motoring from Ford Direct Markets: Cleaning, Sanitising, and Disinfecting

Every Ford is built to a high standard – from its small cars to large SUVs and towering trucks – but its sleek designs, advanced safety and driver assist technologies, or even the F-150’s high strength aluminum-alloy body, won’t protect you from unseen virus-spreading germs. While adhering to any lock-down, curfew, or working from home… Continue reading @Ford: Savvy Motoring from Ford Direct Markets: Cleaning, Sanitising, and Disinfecting