Month: March 2020

BorgWarner Inc. may back away from its $1.5 billion deal for Delphi Technologies Plc after the latter auto-parts supplier tapped out its credit line without receiving permission from its acquirer. Delphi drew down its full $500 million revolving credit facility to position for the downturn related to the coronavirus pandemic, the Gillingham, England-based parts maker
0 Comments
Penske Automotive Group said it is slashing executive pay, furloughing employees, postponing $150 million in capital expenditures and taking a range of other steps to “to help mitigate the financial and operational impact of COVID-19.” CEO Roger Penske and President Robert Kurnick will accept no salary for the duration of the coronavirus outbreak, while executive
0 Comments
By Joey Klender Posted on March 30, 2020 Critics of the electric car movement have long used the argument that an EV’s manufacturing process cancels out its positive environmental impact. However, a new study from multiple European universities titled “Net emission reductions from electric cars and heat pumps in 59 world regions over time,” shows
0 Comments
Acura has named a new advertising executive as it plans to introduce new products, including Type S performance variants. Sage Marie, 44, will become assistant vice president of Acura advertising, effective April 1. He is currently assistant vice president, public relations at American Honda, and has been with the company since 1998. Acura head Jon
0 Comments
Mini has launched many retro special editions, but the 2021 Cooper S convertible Sidewalk Edition convertible references a model of a somewhat newer vintage. The Sidewalk Edition was originally launched in 2007 and, like that model, the 2021 version features mostly cosmetic changes. Starting at $39,250, the Mini Cooper S convertible Sidewalk Edition is the
0 Comments
Leaders get tested by crises, especially big ones such as what the world is facing now. In the auto industry, we’re seeing reactions that include shutting down or dramatically reducing operations and in other cases, special discounts for customers. Several manufacturers are pivoting their expertise and resources to helping produce medical equipment the country’s health
0 Comments
Morgan managed to squeeze out only four copies of the Plus 4 70th Anniversary Edition before shutting down its U.K. factory over mounting coronavirus concerns. A total of 20 vehicles will eventually be made, all featuring special badges, a gold-painted chassis, and slick Platinum metallic paint—a nod to the 70-years-young Plus 4 nameplate’s platinum anniversary. The
0 Comments
DETROIT – The partnership looked promising. On March 18, General Motors CEO Mary Barra told President Donald Trump’s economic adviser Larry Kudlow that the automaker might be able to help make much-needed ventilators, the scarce breathing machines used to keep coronavirus patients alive. The deal would help the company, which has had tense relations with Trump.
0 Comments
The third-generation Chevrolet Camaro is an automotive icon of the 1980s and arguably the most original Camaro bar the first iteration of the series (1967-1969). Spanning ten model years from 1982 to 1992, the third-generation F-body Chevy Camaro has had many iterations but none was perhaps more intriguing than the Berlinetta offered for the 1982-1986
0 Comments
With factories and dealerships closed by the coronavirus crisis, European auto sales could fall by up to 20 percent this year, representing millions of vehicles, industry analysts and financial ratings services say. “The global auto industry is expected to witness an unprecedented and almost instant stalling of demand in 2020,” said IHS Markit, whose forecasts
0 Comments
TOKYO — The auto industries of Japan and South Korea have remained out of step with the pandemic-beleaguered worlds of North America and Europe in recent days. As vehicle assembly plants and dealerships shut down in rapid succession from Madrid to Wolfsburg to Detroit, those in Japan and South Korea have been able to continue
0 Comments
On Friday, after hinting that he may do so previously, President Trump invoked the Defense Production Act (DPA) compelling General Motors to make ventilators. This action is specific to General Motors, but confusingly comes several hours after that company announced plans to build ventilators at its Kokomo, Indiana, plant with partner Ventec Life Systems, which
0 Comments
On March 11, an employee of Roy O’Brien Ford in St. Clair Shores, Mich., visited his pregnant sister. Three days later, she went into labor and developed a fever. When the employee phoned the dealership to say his sister was awaiting the results of a COVID-19 test and he had potentially been exposed, leadership acted
0 Comments
DETROIT — Two Ford Motor Co. workers have died from the coronavirus, the UAW said Saturday. One worked at the automaker’s Dearborn Stamping plant while the other was a skilled trades employee at the Ford Data Center in Dearborn, Mich., the union said. The pair are the first Ford employees known to have died from the
0 Comments
MILAN — Fiat Chrysler Automobiles has extended production stoppages at its plants in Europe by at least one more week. The automaker’s factories in Italy will remain closed after the government ordered a halt to non-essential activities until April 3 to contain the coronavirus pandemic. Originally the plants were due to resume production on March
0 Comments