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.
Honda celebrates manufacturing at Canadian International AutoShow
Spotlight was on its Alliston manufacturing facility, which recently produced its nine millionth vehicle.
PHOTOS: Canadian International AutoShow
The show, Canada’s largest, is being held Feb. 14 to 23 at the Metro Toronto Convention Centre
Canadian Car of the Year and Utility Vehicle of the Year announced by AJAC
The Mazda3 was the top car. Jaguar’s I-Pace won back-to-back utility awards, the first battery electric vehicle to do so
California company plans to sell China designed SUVs in US
Other Chinese brands have announced U.S. sales plans but have struggled to meet safety and emissions standards
Tesla stock is soaring. Madness or visionary investing?
Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year
Quebec billionaire Lawrence Stroll acquires stake in Aston Martin
Under an agreement announced Jan. 31, the group led by Stroll will inject $316 million to acquire a 16.7% stake in the automaker
Fiat Chrysler and Peugeot sign deal for 50-50 merger
Creating the world’s fourth-largest automaker.
Martinrea to buy structural components business from Mexico-based Metalsa
Canadian auto parts company will acquire six plants around the world with approximately 2,000 employees.
End of an era as vehicle production comes to a close at GM Oshawa plant
GM announced in November last year that it would wind down production at the plant.
Manufacturing sales down 0.7% at $57.1B in October
Sales fell in 11 of 21 industries.
German automaker Audi to cut 9,500 jobs by 2025
Audi currently employs some 90,000 people around the world.
Fiat Chrysler, Peugeot to create fourth biggest carmaker [UPDATED]
New company would be worth US$50 billion, with revenue of US$189 billion.
GM workers called back to Oshawa plant after UAW reaches tentative deal
The company called the roughly 2,000 temporarily laid-off workers at Oshawa back Friday to restart production.
GM contract: worker pay hikes, factory closings move forward
A mix of pay raises, lump sum payments and a US$11,000 signing bonus; in exchange for factories closing.
GM strike pushed US factory output down 0.5% in September
Strike led to a 4.2% decline last month in the making of autos.
UAW strike could cost GM about US$1B and counting
Even as talks continue, the company is leery of settling the strike and saddling itself with costs that it will have to pay later.
DesRosiers says auto sales declined 3.7% in September after August gain
Year-over-year auto sales had declined for 17 months straight before marking a modest 0.6% climb in August.