Plant closings send GM to 2Q loss, but signs of improvement
The Detroit automaker closed its plants on March 18 and they remained idle for two months due to the coronavirus
Tesla makes US$104M profit in 2Q despite factory shutdown
Picked a site for its second US assembly plant, although the location wasn’t released.
Global EV sales increase with stringent emission norms: Frost & Sullivan
Electric vehicles estimated to grow by 8.6% year-on-year, registering 2.5 million unit sales globally in 2020.
Nissan-Renault alliance to share more parts, technology
Shared technology will include electric cars and autonomous driving
Ottawa contracts GM Canada to provide 10M face masks
Production to begin immediately at the Oshawa plant, to be distributed at cost.
France deploys US$8.8B to rescue ailing car industry, focus on EVs
Consumers can get up to 12,000 euros from the government for buying an electric car.
FCA prepares to restart North American operations
Thorough daily cleaning schedules to be instituted to maintain enhanced levels of cleanliness and disinfection
Fiat Chrysler swings to loss as virus hits production, sales
Despite the crisis, terms of a full merger deal with French carmaker PSA Peugeot had not been changed.
GM Canada plans to make face masks in Oshawa
The automaker plans to manufacture approximately one million masks per month at cost
GM shuts down Maven car share service in TO, all other markets
Last year GM pulled the service from eight North American markets but kept Toronto and some US cities running.
Linamar withdraws 2020 financial outlook over virus impact
Auto parts manufacturer moved quickly to cut costs and capital spending, expects to be profitable for the year.
Magna withdraws guidance due to business uncertainty of COVID-19 outbreak
The auto parts company said many of its plants have reduced or suspended operations because of the outbreak
Tesla Autopilot, distracted driver caused fatal crash: NTSB
Safety board recommends tech companies design smartphones and other electronic devices so they don’t operate if they are within a driver’s reach.
Moody’s downgrades auto sales forecast on virus fears
The agency said in a report Feb. 26 that the outbreak would reduce demand and disrupt supplies of parts and raw materials
GM gets tax break in Lordstown for new plant next to factory it closed
Joint venture to work together on battery technology with a 75% tax abatement.