Earlier this week, Brembo announced that it had purchased a 2.43% stake in Pirelli as part of a “non-speculative, long-term approach,” and that it had acted “autonomously”. Yet, the surprise purchase did give way to speculation that the two companies might look to combine forces in the future since they both operate in premium markets […]
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Europe’s car industry is in need of immediate support from the European Union and its member states, as production losses could leave carmakers in need of money in just a few weeks time. Industry association ACEA has asked for “strong and coordinate action” to help manufacturers, suppliers and dealers, all of which are facing “severe” […]
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GM has commenced face mask production for workers across the country, hoping to protect them from the COVID-19 pandemic. By next week, the carmaker expects to deliver its first 20,000 masks to frontline workers. More than 30 engineers, designers, buyers and manufacturing team members were asked to help with product development, sourcing materials and equipment, […]
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In a relatively short amount of time, the novel coronavirus outbreak has caused profound changes to the lives of almost half the world’s population. The economy is also expected to take a massive hit from the fact that everything is pretty much shut down in the countries that have enforced lockdowns – an area that […]
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With China slowly coming out of its lockdown stemming from the coronavirus outbreak, car manufacturers and dealerships across the country are looking to do whatever they can to encourage shoppers back into showrooms, Reuters reports. In February, sales of vehicles in China plunged by 79 per cent and dropped by 45 per cent in the […]
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Approximately 100,000 automotive jobs in Germany are thought to be at risk due to the coronavirus and its impact on the industry, Welt reports. Demand for vehicles in Germany is falling as the country has been hit especially bad by the Covid-19 pandemic and, according to automotive market expert Ferdinand Dudenhöffer, production capacity in the […]
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Jaguar Land Rover parent company Tata Motors, wants to separate its passenger car business from trucks and buses, seeking a partner as sales in India have slumped for a 16th consecutive month in February. By creating a separate subsidiary for its Passenger Vehicles (including EVs), Tata hopes to provide the unit with “differentiated focus”, helping […]
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The White House is reportedly close to finalizing its rewrite of the new U.S. fuel efficiency standards through the 2026 model year. While these annual requirements will be more strict, they will go up at a much lower rate than those of the Obama-era standards. The Trump administration wants to unveil the new standards by […]
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The novel coronavirus outbreak is starting to take a heavy toll on the U.S. car industry as the first auto plant workers have lost the battle with the COVID-19 disease. Both assembly plant workers were employed by Fiat Chrysler Automobiles (FCA), which has already lost another employee at its Auburn Hills headquarters in Michigan earlier […]
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Porsche North America is trying to look after its 192 U.S. dealers by offering them a relief package in order to compensate for the current sales slowdown caused by the coronavirus pandemic. The German carmaker is guaranteeing payouts, relaxing dealer performance bonus objectives and extending finance, which is something other manufacturers have done as well, […]
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