Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of some companies.
What happened
Shares of several global automakers were rising on Tuesday, as auto factories around the world continued to ramp up after shutting down in March amid the COVID-19 pandemic.
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets.
Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation's automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases.
The coronavirus pandemic has crashed the global economy, with companies involved in transportation hit the hardest. Ford (NYSE: F) has certainly not proved immune, having shut down much of its production during the early days of the spread of the disease, under both government
The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief.
A group representing many major automakers on Friday backed the Trump administration's decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.
A group representing many major automakers on Friday said it was intervening in a lawsuit that says the Trump administration did not go far enough in weakening -- but not freezing -- Obama administration standards to revise fuel economy standards.
As manufacturers around the country begin to restart operations amid the COVID-19 pandemic, a Ford Co. (NYSE: F) plant has been forced to quickly shut back down and quarantine infected workers. The workers didn't contract the virus at work, and the Chicago assembly plant quickly
Jerry Bill is worried the novel coronavirus could hurt business at the Des Moines auto dealership he runs, but not because of a shortage of buyers for the big Ram pickups on his lot.
The COVID-19 pandemic has sent shockwaves throughout the automotive industry. Ford (NYSE: F) and General Motors (NYSE: GM), among other major manufacturers, stopped vehicle production, wholesalers stopped auctions, supply of off-lease vehicles surged causing used-car residual v
(RTTNews) - The Detroit auto giants-- General Motors (GM), Ford Motor (F) and Fiat Chrysler (FCAU), have restarted their plants in the U.S., after shutting down them in late-March.
When a senior living facility in Amarillo, Texas suspected a nurse may have caught the novel coronavirus this month, it had a list within five minutes of staff and residents the nurse could have infected.