LONDON (Reuters) – McLaren became the first Formula One team to furlough staff because of the coronavirus on Wednesday, with drivers Lando Norris and Carlos Sainz joining senior management in taking a pay cut. FILE PHOTO: Formula One F1 – Pre Season Testing – Circuit de Barcelona-Catalunya, Barcelona, Spain – February 21, 2020 McLaren’s Lando… Continue reading McLaren to put staff on furlough, F1 drivers take pay cut
Tag: Ferrari
@Ferrari: Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program
Maranello (Italy), 01 April 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange… Continue reading @Ferrari: Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program
Press Releases – COVID-19: Jobs of over 1.1 million EU automobile workers affected so far, data shows
Brussels, 31 March 2020 – The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers’ Association (ACEA). This figure only refers to those people directly employed by car, truck, van and bus manufacturers… Continue reading Press Releases – COVID-19: Jobs of over 1.1 million EU automobile workers affected so far, data shows
Fiat Chrysler looks to resume some Italian production next week: union
FILE PHOTO: New Fiat 500 electric cars are displayed at a Fiat Chrysler event held to unveil its first electric model, in Milan, Italy, March 4, 2020. REUTERS/Flavio Lo Scalzo/File Photo MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) is looking to resume some vehicle production from next week at three plants in Italy if it… Continue reading Fiat Chrysler looks to resume some Italian production next week: union
Ferrari to resume production in Maranello and Modena as of 14 April 2020.
Maranello, 27 March 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020.All activities that can be conducted in smart working will continue to be performed as has been the case in recent weeks. The Company… Continue reading Ferrari to resume production in Maranello and Modena as of 14 April 2020.
@Ferrari: Ferrari to resume production in Maranello and Modena as of 14 April 2020
Maranello, 27 March 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020. All activities that can be conducted in smart working will continue to be performed as has been the case in recent weeks. The… Continue reading @Ferrari: Ferrari to resume production in Maranello and Modena as of 14 April 2020
Fiat Chrysler to make face masks for North America
MILAN (Reuters) – Italian-U.S. car giant Fiat Chrysler has confirmed plans to produce a million face masks a month and said it will distribute them to emergency services in North America to help the fight against coronavirus. FILE PHOTO: A medical worker wearing a protective mask and glasses, who treats patients suffering from coronavirus disease… Continue reading Fiat Chrysler to make face masks for North America
UPDATE 2-GM accelerates ‘Project V’ to build ventilators in Indiana
DETROIT (Reuters) – General Motors Co (GM.N) and medical equipment maker Ventec are speeding up efforts under a partnership code-named “Project V” to build ventilators at a GM plant in Kokomo, Indiana, to help combat the coronavirus outbreak. FILE PHOTO: The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren,… Continue reading UPDATE 2-GM accelerates ‘Project V’ to build ventilators in Indiana
Fiat Chrysler to produce masks at one of its Asian factories
An FCA factory in Asia will be converted to make masks and it will quickly produce a million masks a month, writes Mike Manley, the boss of Fiat-Chrysler in a message quoted by Gianluca Ficco, of the UILM union. Fiat Chrysler and Ferrari said last week that they were talking to the first manufacturer of… Continue reading Fiat Chrysler to produce masks at one of its Asian factories
UPDATE 1-Fiat Chrysler CEO says group to produce face masks in Asia- union representative
FILE PHOTO: CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Cook/File Photo MILAN (Reuters) – Fiat Chrysler Chief Executive Mike Manley told employees that the carmaker would help with the production of masks during the coronavirus emergency, a union representative… Continue reading UPDATE 1-Fiat Chrysler CEO says group to produce face masks in Asia- union representative