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Autoblog 06/04/2020 08:35
Filed under:. ,,. British luxury carmaker Aston Martin plans to shed up to 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels, it said on Thursday. The job cuts come a week after Aston Martin confirmed that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer. Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018. originally appeared on on Thu, 4 Jun 2020 08:35:00 EDT. Please see our . |. |
Autoblog 06/03/2020 08:47
Filed under:. ,,,,. Volkswagen Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand as part of a broader management reshuffle, Auto Motor und Sport said on Tuesday citing company sources. Blume will be moved to the VW brand to help the company get a grip on production issues with the VW ID3 electric car and the Golf 8, the auto industry publication said on Tuesday. Bernhard Maier, currently head of VW's Skoda brand, will become head of Porsche, Auto Motor und Sp. originally appeared on on Wed, 3 Jun 2020 08:47:00 EDT. Please see our . |. |
Autoblog 06/02/2020 20:12
Filed under:. The collapse of air travel has pushed big car rental companies to cancel orders for new vehicles, punching a hole in sales for nearly a dozen U.S. automakers' including the Big Three in Detroit. Hyundai Motor Co's U.S. sales arm said Tuesday that its sales to fleets, including rental companies, fell by 79% in May, while retail sales grew by 5%. Automakers could lose up to 12% of their annual U.S. vehicle sales in 2020 as car rental companies slammed by the coronavirus pandemic slash fleets and. originally appeared on on Tue, 2 Jun 2020 20:12:00 EDT. Please see our . |. |
Autoblog 06/02/2020 08:13
Filed under:. ,,,,,,,. Argo, founded in 2016 by Bryan Salesky and Peter Rander, is now jointly controlled by Volkswagen and Ford Motor Co , which made an initial investment in Argo shortly after it was founded. Details of the Volkswagen investment, which does not include an agreement to purchase $500 million worth of Argo stock from Ford, was announced last July. originally appeared on on Tue, 2 Jun 2020 08:13:00 EDT. Please see our . |. |
Autoblog 05/28/2020 16:00
Filed under:. ,,. German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10%, by 2025 as a result of a slump in demand, according to a memo on Thursday. ZF, which helps carmakers develop gearboxes and hybrid drivetrains, said in an email to employees that half of the 12,000-15,000 job cuts would be in Germany. "As a result of the demand freeze on the customer side, our company will make heavy financial losses in 2020," chief executive officer Wolf-Henning Sche. originally appeared on on Thu, 28 May 2020 16:00:00 EDT. Please see our . |. |
Autoblog 05/28/2020 09:25
Filed under:. ,,,. Formula One team owners McLaren saw group revenues reverse from 284 million pounds ($348.13 million) to 109 million in the first quarter of 2020 due to the COVID-19 pandemic, results on Thursday showed. It said second quarter figures were expected to be in line with Q1 but saw a stronger performance in the second half and also detected the first signs of recovery during May, particularly from China due to relaxed restrictions. The Woking-based company said McLaren Group was "looking at a numbe. originally appeared on on Thu, 28 May 2020 09:25:00 EDT. Please see our . |. |
Autoblog 05/28/2020 08:36
Filed under:. ,,,,. Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years. It will shut plants in Spain and Indonesia, leave the South Korean market and pull its Datsun brand from Russia as part of a strategy unveiled on Wednesday to share production globally with its partners Renault and Mitsubishi Motors . "I will make eve. originally appeared on on Thu, 28 May 2020 08:36:00 EDT. Please see our . |. |
Autoblog 05/27/2020 09:12
Filed under:. ,,,,,,. Tesla Inc has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease. Tesla also said its Supercharger quick-charging service will no longer be free to new customers of its Model S sedans and Model X sport utility vehicles (SUVs). originally appeared on on Wed, 27 May 2020 09:12:00 EDT. Please see our . |. |
Autoblog 05/27/2020 08:45
Filed under:. ,,,. The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic. Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions. All automakers are suffering from the pandemic, and scaling back or suspending production, but Nissan was. originally appeared on on Wed, 27 May 2020 08:45:00 EDT. Please see our . |. |
Autoblog 05/27/2020 07:30
Filed under:. ,,. President Emmanuel Macron announced an 8 billion euro (7 billion pounds) plan on Tuesday to make France the top producer of clean vehicles in Europe and urged French carmakers to make vehicles in their own country. French car plants are only just starting to rev up production after the coronavirus lockdown, which hit the auto sector badly, and Macron wants to accelerate the transition to electric cars to help revive the industry. "We need a motivational goal: make France Europe's top producer. originally appeared on on Wed, 27 May 2020 07:30:00 EDT. Please see our . |. |

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