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2020 Detroit auto show canceled due to coronavirus

19 horas ago thewallstreetone Comentarios desactivados en 2020 Detroit auto show canceled due to coronavirus
The Ford Motor Co. Mustang Shelby GT500 vehicle is displayed during the 2019 North American International Auto Show (NAIAS) in Detroit, Michigan,. Daniel Acker | Bloomberg | Getty Images The 2020 Detroit auto show has been canceled as its venue will be used as a field hospital for the Federal Emergency Management Administration, according to Read More

BMW M850i is a competent choice but fails to commit to one personality

1 día ago thewallstreetone Comentarios desactivados en BMW M850i is a competent choice but fails to commit to one personality
2020 BMW M850i Gran Coupe Source: BMW With an ever-expanding series of products that fill every niche, BMW should have one of the most well-rounded lineups in the automotive world. The company offers family SUVs, stripped out sports cars, and bulbous four-door crossover coupes.  The trouble is, with so many different models, it can be Read More

Trump orders General Motors to make ventilators under Defense Production Act

2 días ago thewallstreetone Comentarios desactivados en Trump orders General Motors to make ventilators under Defense Production Act
President Donald Trump has ordered General Motors to make ventilators under the Defense Production Act hours after criticizing the company for not acting quickly enough to produce the supplies amid the coronavirus pandemic.  The Korean War-era statute can force certain American companies to produce materials that are in short supply in the face of the growing Read More

GM confirms production of ventilators following Trump criticism

2 días ago thewallstreetone Comentarios desactivados en GM confirms production of ventilators following Trump criticism
Flags fly outside the General Motors world headquarters building. Bill Pugliano | Getty Images General Motors and Ventec Life Systems said Friday they have agreed to build critical-care ventilators at one of the automaker’s components plants in Indiana. The deal, which includes FDA-cleared ventilators shipping as soon as next month, was announced shortly after President Read More

Trump criticizes GM, CEO Mary Barra for wanting ‘top dollar’ for ventilators

2 días ago thewallstreetone Comentarios desactivados en Trump criticizes GM, CEO Mary Barra for wanting ‘top dollar’ for ventilators
President Donald Trump delivers remarks at American Center for Mobility in Ypsilanti, Michigan with General Motors CEO Mary Barra and other auto industry executives on March 15, 2017.  Nicolas Kamm | AFP | Getty Images President Donald Trump criticized General Motors and its CEO Mary Barra for their response to producing needed ventilators amid the Read More

GM temporarily cuts pay by 20% for 69,000 salaried workers amid coronavirus pandemic

3 días ago thewallstreetone Comentarios desactivados en GM temporarily cuts pay by 20% for 69,000 salaried workers amid coronavirus pandemic
General Motors told about 69,000 salaried employees globally on Thursday that it will temporarily cut 20% of their salaries as the automaker attempts to save cash amid the coronavirus pandemic. The deferment, which will begin April 1, will be repaid in a lump sum with interest no later than March 15, 2021, according to the Read More

Ford warns of potential job cuts, to defer some salaries

3 días ago thewallstreetone Comentarios desactivados en Ford warns of potential job cuts, to defer some salaries
Jim Hackett, president and chief executive officer of Ford Motor Co. Andrew Harrer | Bloomberg | Getty Images Ford Motor CEO Jim Hackett warned employees Thursday that “tougher actions” such as job cuts could be needed depending on the severity and length of the coronavirus pandemic and its impact on operations. In a letter to Read More

Fiat Chrysler establishes new credit line of about $3.8 billion

3 días ago thewallstreetone Comentarios desactivados en Fiat Chrysler establishes new credit line of about $3.8 billion
The logos of automobile companies (LtoR) Abarth, Lancia, Fiat, Alfa Romeo and Jeep are pictured at the entrance to the Fiat Chrysler Automobiles (FCA) at the Fiat Mirafiori car plant on May 27, 2019 in Turin, northern Italy. Marco Bertorello | AFP | Getty Images Fiat Chrysler has set up a $3.84 billion emergency credit Read More

Ford plans to restart production at ‘key’ auto plants in April

3 días ago thewallstreetone Comentarios desactivados en Ford plans to restart production at ‘key’ auto plants in April
The Ford Motor Co. Michigan Assembly plant stands idle in Wayne, Michigan, U.S., on Monday, March 23, 2020. Anthony Lanzilote | Bloomberg | Getty Images Ford Motor plans to restart production at “key” North American assembly plants as early as April 6, the company announced Thursday morning. The majority of the plants produce Ford pickups, Read More

U.S. auto sales expected to fall at least 15% this year

4 días ago thewallstreetone Comentarios desactivados en U.S. auto sales expected to fall at least 15% this year
Workers assemble cars at a plant in Chicago, June 24, 2019. Jim Young | AFP | Getty Images U.S. auto sales are expected to fall at least 15% this year as the country implements more aggressive restrictions to prevent the spread of the coronavirus, threatening an already-stressed autos industry, according to new research from IHS Markit.  The Read More