Tag: FCA

Renault suspends production in Normandy after a COVID-19 linked court order

FILE PHOTO: The logo of Renault is seen at the Renault automobile factory in Flins as the French carmaker ramps up car production with new security and health measures during the outbreak of the coronavirus disease (COVID-19) in France, May 6, 2020. REUTERS/Gonzalo Fuentes PARIS (Reuters) – Renault (RENA.PA) has suspended production at one of… Continue reading Renault suspends production in Normandy after a COVID-19 linked court order

General Motors made $294 million net income in first quarter, down 87%

CLOSE The logo for the General Motors Corporation  (Photo: STAN HONDA, AFP/Getty Images) Hit by the coronavirus crisis, General Motors is the latest of the Detroit Three automakers to have a rough quarter. The automaker reported a net profit of just $294 million, down 86.7% from $2.1 billion for the first quarter a year ago. Its earnings before… Continue reading General Motors made $294 million net income in first quarter, down 87%

Hertz and Avis cancel orders in setback for battered automakers

Gabrielle Coppola, David Welch and Chester Dawson, Bloomberg Published 1:04 p.m. ET May 6, 2020 | Updated 1:11 p.m. ET May 6, 2020 Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call off purchases, in some cases even redirecting vehicles in transit to their… Continue reading Hertz and Avis cancel orders in setback for battered automakers

GM tells some plants it will begin restart May 18

Detroit — General Motors Co. sent out alerts Tuesday to United Auto Workers members at some factories, alerting them that it plans to begin to restart factories May 18.  The alert, obtained by The Detroit News, says: “Tomorrow, we will announce externally that GM plans to begin a limited, cadenced and site-specific approach for a return to the workplace… Continue reading GM tells some plants it will begin restart May 18

Press Releases – 298 automobile factories operating across Europe, new data shows

Brussels, 6 May 2020 – 298 automobile assembly and engine production plants operate in Europe today, according to freshly-updated data from the European Automobile Manufacturers’ Association (ACEA). Cars, vans, trucks, buses and engines are manufactured at these factories, 196 of which are situated within the European Union (EU27). ACEA is publishing this data in the… Continue reading Press Releases – 298 automobile factories operating across Europe, new data shows

Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery

Brussels, 5 May 2020 – COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment. The European automotive sector, which has been hit particularly badly, proposes a plan comprised of 25 key actions to ensure a strong restart of the sector and… Continue reading Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery

@FCA: FCA N.V. 2020 First Quarter Results.

Following is a summary of the “FCA N.V. Q1 2020 RESULTS” press release. A PDF of the complete press release is attached to this email. The document is also available in the media section of the FCA corporate website:https://www.fcagroup.com/it-it/pages/home.aspxFCA reports first quarter results reflecting impacts from COVID-19, with Net loss from continuing operations of €1.7… Continue reading @FCA: FCA N.V. 2020 First Quarter Results.

Honda, PSA to gradually restart car plants in coming weeks

Tara Patel and Siddharth Philip, Bloomberg Published 11:38 a.m. ET May 4, 2020 | Updated 11:42 a.m. ET May 4, 2020 PSA Group and Honda Motor Co. will gradually restart manufacturing sites in the coming weeks as European countries begin to lift lockdown restrictions and reopen vehicle showrooms. The first wave of resumptions at PSA’s… Continue reading Honda, PSA to gradually restart car plants in coming weeks