- Nissan Workers in Barcelona Burn Tires in Plant Closures Protest – Bloomberg: Nissan Workers in Barcelona Burn Tires in Plant Closures Protest
- Nissan must watch cash given possible risk of second virus outbreak: CEO – Reuters: Nissan must watch cash given possible risk of second virus outbreak: CEO
- Renault to take 3.6 billion euro hit from Nissan losses – Reuters: French carmaker Renault said on Thursday that losses at its Japanese partner Nissan, in which it has a 43% stake, would drag on its on net earnings by 3.6 billion euro ($3.96 billion) in the first quarter.
- Nissan says to close Barcelona plant from December – Reuters: Nissan says to close Barcelona plant from December
- Citroën readies Audi-rivalling premium saloon for 2021 – Autocar: Citroen saloon render, as imagined by Autocar French brand will return to saloon market next y…
- Ford shuts down fourth factory due to COVID-19; this time Chicago Stamping – Freep: Ford is the only Detroit Three company to see production disruption in factories since the industry restarted May 18.
- Uber sends thousands of electric bikes and scooters to the scrapheap after Lime deal – CNBC: Videos of Uber’s red Jump bikes being crushed at a recycling center were shared on Twitter.
- GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns – Reuters: General Motors Co and Ford Motor Co are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic.
- Nissan plans to slash costs after first loss in 11 years – Reuters: 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.
- PSA Mulhouse to make up to 10m masks per month – Just-Auto: PSA is to produce up to 10m surgical masks per month from August, 2020 at its Mulhouse site to cover the equipment needs of Group employees and support organisations fighting against the virus.
- Nissan confirms Barcelona plant closure – Just-Auto: Nissan has confirmed the closure of its Barcelona, Spain, manufacturing plant as part of a new business plan that focuses on cost control and the needs of core markets.
- French carmaker PSA to make surgical masks at Mulhouse site – Reuters: French carmaker PSA said on Thursday that it would start manufacturing surgical masks at its site in Mulhouse in eastern France from August.
- Audi further expands its e-commerce offerings together with retail partners worldwide – Just-Auto: Audi further expands its e-commerce offerings together with retail partners worldwide
- Nissan logs 671 bil. yen net loss in FY2019 as virus hits sales – Mainichi: Nissan logs 671 bil. yen net loss in FY2019 as virus hits sales The Mainichi
- Breaking: Nissan announces major cuts, but Sunderland plant safe – Autocar: Nissan Sunderland Nissan will maintain Sunderland as European production hub despite closing f…
- Nissan slashes capacity by a fifth after first loss in 11 years – Reuters: Nissan Motor Co said on Thursday it would slash its production capacity by a fifth to help reduce its fixed costs by 300 billion yen (2.27 billion pounds) as it looks to become a smaller, more cost-efficient automaker following a slide in sales.
- Renault loan still not signed, site closures must be last resort – Le Maire – Reuters: French Finance Minister Bruno Le Maire on Thursday said that the government had yet to sign off on a planned 5 billion euro ($5.5 billion) loan for Renault , and that the carmaker’s site closures and job cuts could only ever be a last resort.
- Billionaire Icahn exits Hertz with ‘significant’ loss after bankruptcy filing – Reuters: Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a “significant loss” days after it filed for bankruptcy protection.
- Nissan to resume US production on Monday – Nikkei:
- What Amazon would gain by buying self-driving car startup Zoox – Fortune: Karl Iagnemma, CEO of a self-driving car joint venture between auto maker Hyundai and vehicle component company Aptiv, says the discussions …
- Mazda begins production of its first pure EV – Autocar: Mazda begins production of its first pure EV NZ
- Carl Icahn Exits Bankrupt Hertz at Loss of Almost $1.6 Billion – Bloomberg: Billionaire investor Carl Icahn sold out of Hertz Global Holdings Inc., the rental-car company that filed for bankruptcy last week, calling off a roughly …