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Showing posts from April, 2020

CONGRESS CONVERSATIONS: Former Ford CEO sees gradual ramp-up, pent-up demand, consolidation

Hear Mark Fields’ views on the industry’s return to normalcy. He also looks at the future of retailing, manufacturing, electrification and investments in autonomous driving. from Section Page News - Automotive News https://ift.tt/2ydDgI0 via IFTTT

BMW plans to resume S.C. operations on Monday

BMW's restart next week will be gradual — the plant will operate at about 50 percent capacity — as the automaker assesses customer demand and supply chain capacity. from Section Page News - Automotive News https://ift.tt/2xlizta via IFTTT

Dana Q1 sales, profits fall amid 'unprecedented challenges'

The supplier said weaker demand in the heavy-vehicle market and production halts as a result of the coronavirus pandemic impacted first-quarter results, with sales falling nearly 11 percent. from Section Page News - Automotive News https://ift.tt/3aPbL4L via IFTTT

Continental postpones Vitesco spinoff

The German supplier, citing ongoing economic uncertainty, said the planned listing of its powertrain unit won't happen this year. from Section Page News - Automotive News https://ift.tt/2W9Pdqd via IFTTT

Fiat Chrysler's Italian dealerships to reopen

Italy is joining Germany and France in allowing dealerships to resume car sales after they were closed because of measures to restrict the spread of the coronavirus. from Section Page News - Automotive News https://ift.tt/3f4zIsb via IFTTT

Denso halves global output on coronavirus as profit hits 11-year low

The Japanese supplier posted an 81 percent drop in operating profit for its fiscal year and said its supply chain could be affected in the coming months if the outbreak is prolonged.   from Section Page News - Automotive News https://ift.tt/2KLzOXF via IFTTT

2020 Mercedes-AMG A-Class Expert Review

The 2020 Mercedes-AMG A 35 is the high-performance version of the Mercedes-Benz A-Class entry-level luxury sedan. Like the Audi S3, the A 35 is a sleeper, boasting over 300 horsepower and a 4.7-second 0-60-mph time. At around $45,000, the AMG A 35 is roughly $12,000 more than the standard A-Class, but it’s also the least-expensive Mercedes-AMG.. from Kelley Blue Book https://ift.tt/3aKnAcl via IFTTT

Gale Halderman, designer behind first Ford Mustang, dies

Halderman was a fairly young designer whose sketch of the Mustang emerged the winner among a competition during a secret project to create what became the first so-called pony car. He was 87. from Section Page News - Automotive News https://ift.tt/2KOOpl2 via IFTTT

Musk calls coronavirus shelter-in-place orders 'fascist'

Musk unloaded on California's current order for people to remain in homes to halt the spread of the coronavirus. "Frankly, I would call it forcibly imprisoning people in their homes against all their constitutional rights, in my opinion," he said. from Section Page News - Automotive News https://ift.tt/2KLu4ND via IFTTT

AutoNation names Cannon to new customer experience position

Marc Cannon adds technology oversight to his responsibilities at the largest U.S. dealership group. He will continue to lead brand, advertising, marketing, e-commerce, customer relations and communications. from Section Page News - Automotive News https://ift.tt/2VRhIKt via IFTTT

GM delays Hummer EV reveal

GM planned the debut for May 20 at a GMC dealer meeting in Las Vegas, but the event has been canceled. GM is looking at other options, including a virtual event. from Section Page News - Automotive News https://ift.tt/2YibKne via IFTTT

Sonic reduces headcount by a third, reports Q1 net loss

The dealership group wrote down the value of its franchised business by $268 million during the first quarter because of the impact of the coronavirus crisis on its market value. Adjusted earnings from continuing operations rose 4.9 percent to $17.6 million and the company's shares surged in early trading. from Section Page News - Automotive News https://ift.tt/3bSz9ja via IFTTT

F1 European GP 99 retrospective: The day Ralf stepped out of Michael’s shadow

Whenever the name 'Schumacher' is uttered, few people immediately think of Michael's younger brother Ralf, a six-times GP winner in his own right. In Michael's injury-induced absence, he stepped out of the shadows in the 1999 European Grand Prix - which Formula 1 is live-streaming today - with a fine drive that quelled many doubters from All news - Autosport https://ift.tt/2WdhHPX via IFTTT

BorgWarner to start limited production at damaged S.C. plant in early May

BorgWarner is planning to resume limited production in early May at its Seneca, S.C., facility that was severely damaged by a tornado earlier this month. from Section Page News - Automotive News https://ift.tt/3f3Vqwz via IFTTT

Musk presses for U.S. to reopen ahead of Tesla's Q1 report

Tesla CEO Elon Musk was busy on Twitter overnight. “Give people their freedom back!” he tweeted ahead of Tesla releasing first-quarter results Wednesday. “Elon Musk: FREE AMERICA NOW,” he wrote in another post. from Section Page News - Automotive News https://ift.tt/3cVN5Ji via IFTTT

Bosch sees global auto production down 20% in 2020

The supplier said it's bracing itself for a worldwide recession as the coronavirus pandemic has halted factory output and sapped consumer demand. from Section Page News - Automotive News https://ift.tt/2KJBEZc via IFTTT

Volvo to cut 1,300 Swedish jobs as coronavirus impact speeds up change

CEO Hakan Samuelsson said customers will not want the same products as before the pandemic so the automaker needs to step up its shift to new products and business models. from Section Page News - Automotive News https://ift.tt/3aP3QV7 via IFTTT

Daimler sees profits at Mercedes rising in 2020

The automaker reiterated it expects group revenue and earnings before interest and taxes to be below 2019 levels, but the Mercedes cars and vans division should deliver higher earnings this year because of substantial one-off charges in the prior year. from Section Page News - Automotive News https://ift.tt/2y9enx5 via IFTTT

VW sees Q2 operating loss over coronavirus impact

The German automaker said it expects operating profit for 2020 to be severely below last year, but still to remain positive. Its first-quarter profit fell 81 percent to 900 million euros ($975 million), in line with preliminary numbers released this month.  from Section Page News - Automotive News https://ift.tt/3cYYGHD via IFTTT

Donckerwolke steps down as design chief at Hyundai Motor Group

Luc Donckerwolke, the cosmopolitan Belgian designer who overhauled the styling at Hyundai, Kia and Genesis, is leaving the Hyundai Motor Group for personal reasons. from Section Page News - Automotive News https://ift.tt/3cXKJK6 via IFTTT

McLaren’s $1 million Senna supercar recalled over fire risk

Most of the vehicles covered by the recall are McLaren’s 720S, GT and 570GT models, according to a notice posted on the NHTSA website. from Section Page News - Automotive News https://ift.tt/2Yeum7y via IFTTT

Musk nears $750 million options payday ahead of Tesla results

Monday's stock rally put Tesla's market capitalization at $145 billion. Importantly for Elon Musk, its stock market value reached a six-month average of $96 billion. from Section Page News - Automotive News https://ift.tt/3f1a8UK via IFTTT

Ford due to report Q1 results amid pandemic crisis

Ford expects the outbreak will result in an estimated first-quarter loss of about $2 billion. The company's previous warning came the same day that it raised $8 billion from corporate debt investors. from Section Page News - Automotive News https://ift.tt/2KSSEfP via IFTTT

SK Innovation to start construction of second U.S. EV battery plant

The South Korean supplier said it would begin work on the factory in July, with a goal to start production in 2023. The company did not say where the plant would be located. from Section Page News - Automotive News https://ift.tt/3cVve5f via IFTTT

Ford to resume European output starting May 4

The automaker plans a gradual production ramp-up over the next few months before a return to full production. The resumption timing for Ford's Dagenham and Bridgend engine plants in the U.K. will be confirmed at a later date. from Section Page News - Automotive News https://ift.tt/3eUJehD via IFTTT

Ford to resume European output on May 4

The automaker plans a gradual production ramp-up over the next few months before a return to full production. The resumption timing for Ford's Dagenham and Bridgend engine plants in the U.K. will be confirmed at a later date. from Section Page News - Automotive News https://ift.tt/2W7i1zs via IFTTT