What happened
Shares of General Motors (NYSE: GM) were rising on Thursday afternoon after rival Ford Motor Company (NYSE: F) cut its dividend and drew down its credit lines. Investors saw it as a sign of strength that GM didn't quickly follow Ford with a cuts of its own.
Wall Street saw what's become a rare mixed performance on Thursday morning, as different parts of the stock market reacted differently to recent news. The European Central Bank decided overnight to go forward with a monetary stimulus package similar to what the Federal Reserve p
Could Ford (NYSE: F), General Motors (NYSE: GM), and Tesla (NASDAQ: TSLA) become medical device makers? It's possible. Ford and GM are in discussions with the Trump administration about producing ventilators needed for patients with coronavirus disease COVID-19. Tesla CEO Elon M
(RTTNews) - The Big 3 Detroit automakers - Ford Motor, General Motors and Fiat Chrysler Automobiles - have decided to shut down all North American plants for the next two weeks as the coronavirus (COVID-19) outbreak in the US continues to worsen.
What happened
Shares of CarMax (NYSE: KMX), AutoNation (NYSE: AN), and LKQ Corporation (NASDAQ: LKQ) are down 23%, 20%, and 24% respectively, on yet another brutal day in the markets as investors realize potential economic impacts from COVID-19 on the global economy and healthca
What happened
Shares of auto parts supplier BorgWarner (NYSE: BWA) were down sharply in trading on Wednesday afternoon, after several major automakers said that they will temporarily shut down their North America factories because of falling sales and workers' concerns about the
The Detroit automakers have agreed to shut down their U.S. manufacturing facilities due to worker concerns about the spread of the novel coronavirus, the Associated Press (AP) has reported. The move is expected to idle roughly 150,000 workers.
What happened
Shares of the Detroit automakers were sharply lower on Wednesday morning, as investors began to focus on concerns about plummeting auto sales and the growing list of factory shutdowns in Europe and elsewhere.
Honda Motor (NYSE: HMC) said Tuesday that it will suspend production at its North American factories for six days in an effort to adjust to an expected drop in demand amid the COVID-19 pandemic.
The United Auto Workers (UAW) labor union says that it has reached a deal with the Detroit automakers that will keep U.S. auto factories open and running, at least for now.
Daimler AG (OTC: DMLRY), the parent company of the Mercedes-Benz luxury brand, is shutting down "majority" of its production in Europe as the government scrambles to tackle the COVID-19 pandemic.
The United Auto Workers labor union (UAW) is pushing the three Detroit automakers to close their U.S. factories as soon as possible -- and it may try to force the issue.
What happened
Shares of General Motors (NYSE: GM) were falling in trading on Tuesday afternoon as investors considered the possibility that GM may need to shut down its U.S. factories for an extended period due to the coronavirus outbreak. Concerns about U.S. relations with Chin
If you're a Ford (NYSE: F) owner who's concerned about making your car payments after a coronavirus-related financial setback, the company issued some good news for you on Monday...that is, if you got your auto loan through Ford Credit, the company's lending arm.
What happened
Shares of the three Detroit automakers were all sharply lower on Monday morning, as investors scrambled to come to terms with the likelihood of extended factory shutdowns in North America and Europe.