- Corona what? Tesla retail investors appear unfazed by virus impact – Reuters: When Tesla Inc reports first-quarter results after the bell on Wednesday, many individual shareholders will not be looking for details on the subject that drives most conversations: the effect of the novel coronavirus pandemic.
- Tesla Weighs Price Cuts in China to Qualify for New Subsidies – Bloomberg: Tesla Weighs Price Cuts in China to Qualify for New Subsidies
- Ford, GM and FCA under gun to restart, rebound before cash dries up – Freep: Ford, GM and FCA under gun to restart, rebound before cash dries up
- Volkswagen sees second-quarter operating loss over coronavirus impact – Reuters: Volkswagen sees second-quarter operating loss over coronavirus impact
- Here’s how Tesla and SpaceX worked with and paid each other in the past year – CNBC: Among other ways the companies work together, and pay each other, a new filing reveals that SpaceX bought $600,000 worth of Tesla car parts in the first quarter of 2020 alone.
- Renault may cut sub-contractors to save up to 200 million – Reuters: Renault (RENA.PA) is considering cutting the number of sub-contractors it uses to develop car models in its engineering division …
- Bentley plans to resume production on 11 May – Autocar: Bentley factory Firm says new health and safety measures will represent biggest changes to wor…
- Renault has sub-contractors in its cost-cutting sights – sources – Reuters: Renault has sub-contractors in its cost-cutting sights – sources
- Face masks and a factory redesign: How Bentley plans reduced return to work – Reuters: Bentley will make wearing face masks compulsory at its British car factory and has introduced a two-metre distance between workers which will result in output halving over the first couple of weeks of production, its boss told Reuters.
- Hyundai, Kia and Genesis chief designer resigns – Autocar: Hyundai, Kia and Genesis chief designer resigns
- Ford prepares for huge losses, product rollouts delayed – Autocar: Coronavirus crisis will result in an operating loss of more than $5bn in next quarter, CFO claims…
- NIO Gets $1 Billion Investment in China, Allaying Cash Concerns – Bloomberg: NIO Gets $1 Billion Investment in China, Allaying Cash Concerns
- China’s battered Tesla rival Nio brushes off coronavirus impact, says the worst is over – CNBC: China’s battered Tesla rival Nio brushes off coronavirus impact, says the worst is over CNBC
- Hyundai Motor Group design chief quits – Just-Auto: Hyundai Motor Group’s head of vehicle design, Luc Donckerwolke, has resigned from the leading South Korean vehicle manufacturer.
- COVID-19 fallout – Ford cancels Rivian-Lincoln SUV – Just-Auto: Ford Motor Company’s COO Tim Stone has confirmed that the company will no longer proceed with a programme to develop a Rivian architecture EV for Lincoln.
- Volvo Cars Cuts 1,300 Swedish Jobs as Pandemic Speeds Up Change – Bloomberg: Volvo Cars Cuts 1,300 Swedish Jobs as Pandemic Speeds Up Change
- Geely’s Volvo Cars gives notice to 1,300 white-collar staff in Sweden – Reuters: Geely’s Volvo Cars gives notice to 1,300 white-collar staff in Sweden
- Daimler sees profits at Mercedes-Benz Cars rising in 2020 – Reuters: Daimler sees profits at Mercedes-Benz Cars rising in 2020
- Toyota restarts production in France with epidemic prevention, control efforts – Xinhua | English.news.cn – Xinhuanet: Toyota restarts production in France with epidemic prevention, control efforts
- Ford posts $2bn quarterly loss, puts brakes on AVs – Just-Auto: As expected, Ford has confirmed a set of downbeat quarterly financial results that indicate the depth of the reversal caused by the COVID-19 pandemic this year. The company also took the opportunity to save money and put the brakes on investment in autonomous vehicles (AVs).
- Buffett-Backed BYD Predicts Profit Rebound as Outbreak Eases – Bloomberg: Buffett-Backed BYD Predicts Profit Rebound as Outbreak Eases
- Daimler warns of difficult second quarter, hikes risk provisions – Reuters: Daimler warns of difficult second quarter, hikes risk provisions
- VW Expects to Avoid 2020 Loss Despite Severe Hit From Pandemic – Bloomberg: VW Expects to Avoid 2020 Loss Despite Severe Hit From Pandemic
- SK Innovation to start building second EV battery plant in United States – Reuters: South Korea’s SK Innovation Co Ltd, a supplier for Volkswagen and Ford Motors, will spend $727 million to build its second electric vehicle (EV) battery plant in the United States, the company said on Tuesday.
- Pierre Ferragu Wants to Know How Much Cash Tesla Has Burned in 1Q – Bloomberg: Pierre Ferragu Wants to Know How Much Cash Tesla Has Burned in 1Q
- Plaintiffs in fatal Toyota accelerator crash lawsuit may reallocate lawyers’ fees – Reuters: Plaintiffs in fatal Toyota accelerator crash lawsuit may reallocate lawyers’ fees Reuters.com
- Ford to delay new product launches – FT: Ford chief executive Jim Hackett told investors on Tuesday the coronavirus pandemic will “slide the timing” of critical product launches scheduled for …
- Uber tech chief Thuan Pham steps down – Reuters: Uber Technologies Inc’s Chief Technology Officer Thuan Pham has resigned, effective May 16, the ride-hailing company said in a regulatory filing
- GM strategy shift shows how ‘liquidity is king’ during COVID-19 crisis – Reuters: GM strategy shift shows how ‘liquidity is king’ during COVID-19 crisis
- Analyst says Ford needs to ‘rip the Band-Aid off’ after $2B loss: What he means – Freep: Ford said Tuesday its first-quarter earnings before interest and taxes was negative $632 million, down from $2.4 billion in the first quarter of 2019.
- Uber Tech Chief Steps Down as Company Reportedly Weighs Job Cuts – Bloomberg: … Anthony Kwan/Bloomberg. Uber Chief Technology Officer Thuan Pham is stepping down, the company said Tuesday. Uber Technologies Inc. has …
- Ford kills Rivian deal with Lincoln (for now) amid economic challenges during pandemic – Freep: Ford invested $500 million in the EV startup Rivian, based in Plymouth Township, in 2019 and announced plans for the Lincoln project in January.
- Nissan falls hard in Japan Inc.’s earnings nosedive – Nikkei
