- European market slump spooks VW and all OEMs – Just-Auto: Volkswagen is in for a bumpy ride as it tries to return to normality in the wake of the COVID-19 outbreak. It had begun restarting its Wolfsburg plant – the world’s largest auto manufacturing facility – from 27 April with added precautions to protect its nearly 8,000 staff. However, it has now been forced to pause production of some key models in response to flagging demand for new vehicles in Europe where many are still sheltering to limit the spread of COVID-19.
- US Automakers Set to Reopen Amid Virus, Mexico Hurdles – Bloomberg: Fiat Chrysler Automobiles NV, which was training a handful of employees at its Sterling Heights, Michigan, truck plant this week, had to send one …
- Exclusive: Nissan sees bigger role for U.S., China markets in global car sales – sources – Reuters: Exclusive: Nissan sees bigger role for U.S., China markets in global car sales – sources
- Fiat Seeks $6.8 Billion State-Backed Loan to Weather Crisis – Bloomberg: Fiat Seeks $6.8 Billion State-Backed Loan to Weather Crisis
- Nissan to raise up to 500 billion yen in first bond issue in 4 years – Nikkei:
- Peugeot e-208 – Autocar: Peugeot has been quick to develop an electric supermini, but has it cut any corners? The electric…
- Nissan Is Said to Consider Making Renault Models at U.K. Plant – Bloomberg: Nissan Is Said to Consider Making Renault Models at U.K. Plant
- Ford boldly confirms new F-150 launch not delayed by coronavirus plant shutdowns – Freep: Ford boldly confirms new F-150 launch not delayed by coronavirus plant shutdowns
- SoftBank Heads for Record Loss After $80 Billion Startup Spree – Bloomberg: Now Son’s investment portfolio, weighted heavily toward the sharing economy, … But the troubles at Uber bode ill for the rest of SoftBank’s ride-hailing …
Friday Morning Auto News, May 15, 2020
May 15, 2020 By