Maranello, 10 April 2020 – Ferrari N.V. (“Ferrari” o la “Società”) (NYSE/MTA: RACE ) has extended the suspension of its manufacturing activity until 3 May 2020, in accordance with today’s Government announcement.All activities that can be managed by smart working will continue regularly as in the past weeks. The Company will continue to pay days… Continue reading Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020.
Tag: FCA
Nissan reportedly wants a $4.6 billion lifeline to ‘engineer a desperately needed turnaround’ amid the coronavirus pandemic
With the ongoing COVID-19 pandemic, car sales have plummeted and factories have been idled – leaving many automakers scrambling for cash.Nissan isn’t the only automaker struggling right now, however.Toyota, Fiat Chrysler, and others have also requested new credit lines while people continue to stay home and car sales plummet as a result.A supposed restructuring plan, scheduled to roll out next month and through March 2023, could slash 1 million cars from annual sales targets.
Aston Martin Wants To Be The “British Ferrari” And Will Prioritize Mid-Engine Cars – CarScoops
Aston Martin chief executive Andy Palmer says he wants to see the car manufacturer establish itself as the “British Ferrari.” The company is in a tough spot at the moment and recently received a significant investment from Canadian billionaire Lawrence Stroll. With Stroll now acting as executive chairman, Aston Martin will change the way it… Continue reading Aston Martin Wants To Be The “British Ferrari” And Will Prioritize Mid-Engine Cars – CarScoops
@Ferrari: Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020
Maranello, 10 April 2020 – Ferrari N.V. (“Ferrari” o la “Società”) (NYSE/MTA: RACE ) has extended the suspension of its manufacturing activity until 3 May 2020, in accordance with today’s Government announcement. All activities that can be managed by smart working will continue regularly as in the past weeks. The Company will continue to pay… Continue reading @Ferrari: Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020
You Can Own The One And Only Bizzarrini BZ-2001 Concept For $815,000 – CarScoops
If you’re in the market for a one of a kind roadster, look no further as the Bizzarrini BZ-2001 concept is up for sale. Listed on Autoscout24, the BZ-2001 is based on the Ferrari Testarossa and features a unique design that was penned by Giotto Bizzarrini. If the name doesn’t ring a bell, Bizzarrini has… Continue reading You Can Own The One And Only Bizzarrini BZ-2001 Concept For $815,000 – CarScoops
UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
FILE PHOTO: The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. REUTERS/Tami Chappell (Reuters) – Volkswagen AG (VOWG_p.DE) said Thursday it will furlough 1,500 workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic. The German automaker said the temporary emergency furloughs for… Continue reading UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
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
Fiat reaches deal with unions on measures for production restart in Italy – Automotive News Europe
ROME — Fiat reached a deal with unions over measures to adopt in its Italian plants once the government eases restrictions on business activity put in place to contain the coronavirus outbreak. Italy, the epicenter of the virus emergency in Europe, imposed a nationwide lockdown on March 9. Two weeks later non-essential businesses including car,… Continue reading Fiat reaches deal with unions on measures for production restart in Italy – Automotive News Europe
PSA seeks to shift Fiat Chrysler merger into high gear
The tie-up was announced at the end of October and originally scheduled to be finalised in early 2021 at the latest, in order to create the world’s fourth-largest automaker Paris: The teams working on the merger of carmakers PSA Group and Fiat Chrysler (FCA) are “picking up the tempo” to finalise the merger, the head… Continue reading PSA seeks to shift Fiat Chrysler merger into high gear
Fiat Chrysler and Peugeot speed up work to close the merger
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe PARIS (Reuters) – Working groups at car makers Fiat Chrysler (FCA) (FCHA.MI) and Peugeot’s owner PSA (PEUP.PA) are speeding up work on closing their alliance deal despite the… Continue reading Fiat Chrysler and Peugeot speed up work to close the merger