Commercial car sales were down 47.3% year-over-year during March at 4,962 units, while truck and SUV segment vehicle sales were down 13.7% at 60,173, according to Automotive Fleet data. Photos courtesy of Ford, GM, FCA, and Nissan. Commercial fleet sales from nine manufacturers totaled 65,135 in March 2020, representing an 17.7% year-over-year decrease. Total fleet… Continue reading Commercial Fleet Sales Drop in March
Tag: FCA
McLaren to put staff on furlough, F1 drivers take pay cut
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
Ford confirms coronavirus death of UAW worker at Michigan Assembly in Wayne
Ford Motor Company officials confirmed Tuesday night the death of a fourth UAW member diagnosed with COVID-19, this worker based at the Michigan Assembly Plant’s integrated stamping facility. “We are saddened to report that a fourth Ford team member who worked in southeast Michigan passed away after contracting COVID-19,” said company spokeswoman Kelli Felker in a statement.… Continue reading Ford confirms coronavirus death of UAW worker at Michigan Assembly in Wayne
@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
@FCA: FCA Canada Announces “Drive Forward” Initiative, Offering Incentives and Support to Consumers
April 1, 2020 , Windsor, Ontario – In an effort to alleviate shopping concerns and to chart a path for better days ahead, FCA Canada is launching its “Drive Forward” campaign. Starting today, April 1, Chrysler, Dodge, Jeep®, Ram Truck and FIAT brands will offer well-qualified buyers no payments for up to 120 days on all… Continue reading @FCA: FCA Canada Announces “Drive Forward” Initiative, Offering Incentives and Support to Consumers
@FCA: FCA Announces ‘Drive Forward’ Initiative, Offering Incentives and Support to Consumers
April 1, 2020 , Auburn Hills, Mich. – In an effort to alleviate shopping concerns and to chart a path for better days ahead, FCA is launching its “Drive Forward” initiative. Starting today, April 1, Chrysler, Dodge, Jeep®, Ram Truck, FIAT and Alfa Romeo brands will offer 24/7 support and well-qualified buyers can get 0% financing… Continue reading @FCA: FCA Announces ‘Drive Forward’ Initiative, Offering Incentives and Support to Consumers
@FCA: FCA US Reports First-quarter 2020 Sales
April 1, 2020 , Auburn Hills, Mich. – FCA US LLC reported a 10 percent decline in its first-quarter sales as the strong momentum in January and February was more than offset by the negative economic impact of the coronavirus in March. “Our dealers have once again stepped up as pillars of the community as… Continue reading @FCA: FCA US Reports First-quarter 2020 Sales
Ford delays restarting production indefinitely
Ford Motor Co. on Tuesday said it will further delay restarting production at its North American plants as the COVID-19 outbreak continues to spread in the United States. The Dearborn automaker last week had shared its intentions to begin manufacturing again at Hermosillo Assembly in Mexico starting next Monday and at select U.S. plants, including… Continue reading Ford delays restarting production indefinitely
Fiat Chrysler does not see delay in PSA merger, FIOM union says
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 MILAN (Reuters) – Fiat Chrysler (FCHA.MI) did not mention any possible delay in the merger process with France’s PSA (PEUP.PA) during a call with unions on Tuesday, metal workers’ union FIOM… Continue reading Fiat Chrysler does not see delay in PSA merger, FIOM union says
Delay in Fiat Chrysler-PSA merger “inevitable”, Italy’s FIOM union says after meeting with FCA
MILAN, March 31 (Reuters) – Italy’s metalworker union FIOM said Fiat Chrysler had confirmed its merger plans with Frances’ PSA during a call with unions on Tuesday, adding that a delay was “certain” given the current situation. “FCA confirmed its industrial plan and the path of its merger with PSA, which will certainly suffer a… Continue reading Delay in Fiat Chrysler-PSA merger “inevitable”, Italy’s FIOM union says after meeting with FCA