- Bank of America downgrades Tesla, citing too high valuation after stock’s recent massive run – CNBC: Bank of America downgrades Tesla, citing too high valuation after stock’s recent massive run CNBC
- Fate of Ford F-150, Super Duty trucks depends on plant shredded by tornado – Freep: Automakers count on the supplier for an essential part used in the bestselling Ram 1500, Toyota Tundra, Ford F-150 and other vehicles.
- STMicro Sees Declining Demand for Automotive Chips Next Quarter – Bloomberg: STMicroelectronics NV, the chipmaker that supplies Apple Inc. and Tesla Inc., said that declining demand for semiconductors for automobiles will …
- No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away – Reuters: As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world’s fifth-largest auto group.
- Carlos Tavares to reduce 2020 compensation – Just-Auto: PSA chairman, Carlos Tavares has informed the board he intends to reduce his long-term compensation 2020, by 50,000 shares, equivalent to 35% of his fixed compensation and 38% through the LTI 2020 plan.
- Haryana Allows Maruti Suzuki To Restart Manesar Plant On Single-Shift Basis – Bloomberg: Haryana Allows Maruti Suzuki To Restart Manesar Plant On Single-Shift Basis
- Lexus NX gains new entry-level front-wheel drive model – Autocar: New NX FWD will be cheapest model in range, with firm claiming lower running costs and emissions …
- Hyundai to raise cash through new debt sale – Just-Auto: Hyundai Motor is planning to raise some 300 billion won (USD240 million) by selling corporate bonds next month, according to media reports in South Korea.
- Contract worker at GM subsidiary says he was fired for raising coronavirus concerns – Freep: A contract worker at a GM subsidiary says he was dismissed because he raised concerns about people with COVID-19 symptoms. His company disagrees.
- Taking the Ford Focus on a 600-mile road trip of the UK – Autocar: We”ve set one of the first examples of the new Focus to arrive in the UK the simple missio…
- Opel-Vauxhall Mokka delayed until 2021 – Just-Auto: Opel and Vauxhall have issued statements to the media which reveal a start of production date for the Mokka X replacement. Build will not commence until the fourth quarter.
- New Vauxhall Mokka confirmed for launch in early 2021 – Autocar: All-new small SUV will feature a radical styling overhaul and be offered with petrol, diesel and …
- BYD net profit down 42 pct in 2019 – Xinhua | English.news.cn – Xinhuanet: Xinhua
