<!––> <!––> General Motors chief executive Mary Barra says the company will emerge out of the coronavirus pandemic with a reduced cost base that will likely be permanent. As the pandemic hit, GM quickly reduced its cash burn to protect itself from the two-month shutdown of North American production. While speaking at a recent investor […]
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Renault has entered into a credit facility agreement with the French state, for a maximum amount of 5 billion euros ($5.6 billion). The carmaker will be able to draw on this line of credit either in whole or in part, for the purpose of financing its liquidity requirements. There’s also an initial 12-month maturity, with […]
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The coronavirus hammered U.S. auto sales in April as a number of brands posted declines of more than 40%. Fast forward to today and the picture is notably brighter as auto sales have almost return to pre-pandemic levels. While most companies have transitioned to quarterly results, the handful of automakers that post monthly sales figures give […]
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Fiat Chrysler Automobiles has asked 24,000 employees in the United States to repay hundreds of dollars in “overpayment” from supplemental unemployment benefits, The Detroit News has revealed. A contract ratified between the United Auto Workers union and Fiat Chrysler Automobiles last year requires the car manufacturer to provide ‘SUB pay’ to temporarily laid-off workers that […]
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Social distancing is the new norm as a result of the COVID-19 pandemic, but enforcing this practice can be tough when you’re at the supermarket or in other public spaces. Fortunately, Google has published a new web tool dubbed Sodar (h/t: 9to5Google) that uses augmented reality to help you out in these situations. The tool […]
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While car sales across the world have been crippled by the coronavirus, it’s emerged that sales of luxury cars have bounced back strongly in China in the wake of the coronavirus pandemic. Information from the China Automobile Dealers Association reveals that luxury car dealers in the country sold 277,000 vehicles in April, an 11.1 per […]
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<!––> <!––> Infiniti has just announced its new ‘Infiniti Now’ initiative designed to help new customers and existing owners navigate their way through the coronavirus pandemic. As part of the initiative, participating Infiniti retailers are scheduling custom services for customers, including mobile test drives, vehicle pickup and delivery, at-home vehicle delivery, and enhanced vehicle cleaning. […]
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First responders have suffered heavily at the hands of the coronavirus, but Ford has found a way to help protect police officers. Created for the Explorer-based Police Interceptor Utility, the software-based solution effectively bakes the coronavirus to death. As Ford explained, the crossover’s powertrain and climate control system work together to increase the cabin temperature […]
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Car dealerships in the UK will be allowed to reopen on June 1st, as COVID-19 containment measures are being relaxed by the British government. Other types of businesses will be able to resume activity from June 15, if it’s deemed safe. The UK’s industry association SMMT welcomed this decision, saying that it will help carmakers […]
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Hertz filed for bankruptcy last week, but a new filing with the U.S. Securities and Exchange Commission has revealed hundreds of people were given last minute bonuses. In the filing, Hertz says they entered into “Key Employee Retention Letter Agreements” with 340 employees on May 19th – just three days before declaring bankruptcy. In total, […]
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