SEOUL (Reuters) – As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world’s fifth-largest auto group. FILE PHOTO: A man walks past the logo of Hyundai Motor… Continue reading No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away
Tag: FCA
Fiat Chrysler draws down on 6.25 billion euro credit facility
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – Fiat Chrysler Automobiles N.V. (FCAU.N) (FCHA.MI) said on Tuesday it had drawn down on a 6.25 billion euro ($6.79 billion) credit line to buffer its cash reserves during the… Continue reading Fiat Chrysler draws down on 6.25 billion euro credit facility
@FCA: FCA announces drawdown of revolving credit facility
FCA announces drawdown of revolving credit facility Go to Source
UPDATE 1-Fiat Chrysler to resume Ducato van production at Italy’s Sevel plant
MILAN (Reuters) – Fiat Chrysler (FCHA.MI) plans to resume production of its Ducato light commercial vehicles at its Sevel plant in central Italy on April 27, a week before a national lockdown imposed by the Rome government is due to end, unions said on Tuesday. FCA intends to make use of a provision in Italy’s… Continue reading UPDATE 1-Fiat Chrysler to resume Ducato van production at Italy’s Sevel plant
Ferrari Portofino facelift spotted for the first time
It comes with a new bumper, new grille, and new “bandit” headlights, the latter resembling those of the Ferrari Roma.Ferrari Portofino’s metal-folding roof can open and close in 14 seconds, even at speeds of up to 40kmph, and also has a manually retractable wind deflector for when the roof is down.The coronavirus lockdown has meant that your favourite auto magazine AUTO TODAY has reached limited stands.
European automakers in restart mode
After almost a month-long shutdown, many automakers in Europe are restarting operations across their plants in the continent. Volvo Cars has resumed production at its Torslanda plant in Sweden. The company, has decided to reopen the plant after dialogue with relevant labour unions along with its Swedish offices. Both the plant and offices have been… Continue reading European automakers in restart mode
UAW, Detroit automakers in talks over safety rules to reopen U.S. plants
DETROIT (Reuters) – Detroit’s automakers and the United Auto Workers (UAW) union are in talks about safely restarting U.S. production halted by the coronavirus pandemic, but local union leaders said on Monday any workers who feel sick must be allowed to self quarantine without losing pay. FILE PHOTO: The United Auto Workers union logo is… Continue reading UAW, Detroit automakers in talks over safety rules to reopen U.S. plants
Mercedes F1 boss Wolff takes a stake in Aston Martin
LONDON (Reuters) – Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings. FILE PHOTO: Formula One F1 – Russian Grand Prix – Sochi Autodrom, Sochi, Russia – September 28, 2019 Mercedes’ team principal… Continue reading Mercedes F1 boss Wolff takes a stake in Aston Martin
@Ferrari: Ferrari comes to the aid of local communities
Maranello, 18 April 2020 – In response to the healthcare crisis caused by the COVID-19 pandemic, Ferrari has agreed to donate all or part of their annual compensation to fund a series of initiatives in the region with the first activities concentrating on the immediate communities of Maranello, Fiorano and Formigine. Aid to the different… Continue reading @Ferrari: Ferrari comes to the aid of local communities
Ferrari begins making respirator valves at Maranello plant
Ferrari has started to produce respirator valves and fittings for protective masks at its Maranello plant as one of its initiatives in support of health workers treating coronavirus patients. The department where car prototypes are usually built is producing these thermoplastic components using additive manufacturing technology. Some valves have been developed by Mares, a diving… Continue reading Ferrari begins making respirator valves at Maranello plant