Toyota said it will continue to provide benefits for what it refers to as its variable workforce, and they may be eligible for unemployment.
Continue Reading the above article 'Toyota lays off 5,000 temps, postpones North Ameri...
Mercedes-Benz delivered 67,746 vehicles, excluding commercial vans, in the first quarter, down 4.8 percent from a year ago.
Continue Reading the above article 'Mercedes grabs lead in U.S. luxury race as crisis ...
A software error on several FCA vehicles causes the rearview image to stay on the screen for more than 10 seconds after the vehicle has been shifted out of reverse. Recalled vehicles included the hot-selling Ram pickup.
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The Paycheck Protection Program is a top priority for dealers trying to keep their businesses afloat as showrooms are ordered to close throughout the United States because of the coronavirus pandemic. The White House has asked Congress to fund an additional $250 billion for the program.
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The automaker may use part of the dividend to shore up its finances during the coronavirus pandemic but acknowledges that investors would be disappointed if it was delayed, cut or suspended.
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The dealers association sees sales dropping below 2012 levels as incentives soar and consumer confidence plunges during the COVID-19 pandemic.
Continue Reading the above article 'NADA slashes forecast for 2020 auto sales...
GM plans to deliver 6,132 ventilators by June 1. The automaker is producing the ventilators at its 2.6 million-square-foot plant in Kokomo, Ind.
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The revival offers a sliver of hope for global carmakers from Volkswagen to General Motors and Toyota, whose sales are slumping in other regions of the world as the virus spreads.
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The automaker will capitalize on its existing assets, not just from Nissan, but also from Renault and Mitsubishi Motors, COO Ashwani Gupta said in an interview with Bloomberg TV.
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In an email to employees, the electric vehicle maker said it plans to resume normal operations May 4, though the pay cuts will remain in place through the second quarter.
Continue Reading the above article 'Tesla to begin unpaid furloughs, cut salaries...