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

Press Releases – Coronavirus: EU auto industry faces unprecedented crisis

Brussels, 20 March 2020 – The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary closures of plants due to collapsing demand, supply shortages, and government measures, and are… Continue reading Press Releases – Coronavirus: EU auto industry faces unprecedented crisis

Coronavirus, the hypothesis that FCA can “convert” to the construction of respirators takes shape

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

@Ferrari: The Agnelli Family and its Companies respond to the COVID-19 Emergency

In response to the COVID-19 emergency, the Agnelli Family and its Companies have put in place a series of measures, in coordination with the Italian Civil Protection Department, to support the Italian national health service in its care of the sick and to provide assistance to those who currently require it, or who will do… Continue reading @Ferrari: The Agnelli Family and its Companies respond to the COVID-19 Emergency

Jury Finds Los Angeles Businessman Guilty in $1 Billion Biodiesel Tax Fraud Scheme

Four Members of Kingston Family, including the CEO and CFO of Washakie Renewable Energy, Previously Pleaded Guilty A federal jury in Salt Lake City, Utah, convicted California businessman Lev Aslan Dermen, also known as Levon Termendzhyan, of criminal charges today relating to a $1 billion renewable fuel tax credit fraud scheme, announced Principal Deputy Assistant… Continue reading Jury Finds Los Angeles Businessman Guilty in $1 Billion Biodiesel Tax Fraud Scheme

PSA Group closes European factories to prevent coronavirus spread

Groupe PSA has become the latest vehicle manufacturer to pause vehicle production in Europe, including both Vauxhall’s Ellesmere Port and Luton plants, in response to the rapid acceleration of the coronavirus pandemic. The manufacturing group, incorporating Peugeot, Citroën, Vauxhall/Opel and DS, outlined a detailed schedule of planned factory closures. As well as the two UK plants, the shutdown… Continue reading PSA Group closes European factories to prevent coronavirus spread

[Covid-19] After Michelin, PSA and FCA close the majority of their factories

The auto industry is slowing down due to the coronavirus pandemic. After Michelin, which announced on March 16 that it will temporarily close 22 production sites in France, Spain and Italy, the FCA group (Fiat-Chrysler) communicates in turn on the shutdown of the majority of its European factories until March 27. Eight sites are closing:… Continue reading [Covid-19] After Michelin, PSA and FCA close the majority of their factories

Fiat Chrysler, Ferrari close factories amid coronavirus outbreak

Fiat Chrysler is halting production at the majority of its plants until 27 March, as the car makers reacts to the disruption caused by the coronavirus outbreak. It follows Saturday’s news that Ferrari will close its Maranello factory until the same date. The supercar firm cited supply issues as the reason. Premium brakes firm Brembo,… Continue reading Fiat Chrysler, Ferrari close factories amid coronavirus outbreak