- Volkswagen warns of rising costs as car market faces deep recession – FT: Volkswagen warns of rising costs as car market faces deep recession
- Fiat Chrysler to restart US production in two weeks after coronavirus shutdowns lead to $1.8 billion quarterly loss – CNBC: Despite the “unexpected and unprecedented times” due to Covid-19, the company, said Tuesday it and French automaker PSA Group “remain committed” to a previously announced merger of equals.
- Fiat Chrysler plunges to loss, scraps outlook on virus crisis – Reuters: Fiat Chrysler plunges to loss, scraps outlook on virus crisis
- Judge questions VW’s defence in landmark case over diesel damages – Reuters: A German federal court judge cast doubt on Volkswagen’s reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van.
- German Top Court Signals VW Faces More Payouts in Diesel Scandal – Bloomberg: German Top Court Signals VW Faces More Payouts in Diesel Scandal
- Oil Prices Jump Again, Lifting Stocks. Hertz Plummets on Bankruptcy Fears. – Barrons: Shares of the energy-services provider Halliburton (HAL) shares are up 4.7% in premarket trading and have risen 18% over the past five days.
- Renault to make Mitsubishi badged van for Australia – Just-Auto: A new van will be the first Mitsubishi branded product made by Renault in France.
- Fiat Chrysler turns to 1.7 billion euro loss in first quarter on virus crisis – Reuters: Fiat Chrysler turns to 1.7 billion euro loss in first quarter on virus crisis
- Uber, Lyft investors want to hear plans to get riders back in cars – Reuters: As U.S. lockdowns and fears of the coronavirus pandemic stretch into a third month, who wants to take an Uber ride?
- Ford Motor Stock Has Been Hammered. COO Jim Farley Scooped Up Shares. – Barrons: Ford Motor Stock Has Been Hammered. COO Jim Farley Scooped Up Shares. Barron’s
- Uber Reports Earnings on Thursday. Here’s What to Expect. – Barrons: In Uber Eats, the competitive landscape is tougher still, with four major players, including Grubhub, DoorDash and Postmates. Dreams of an all- …
- SAIC Motor stabilises in April, V-shaped recovery in China expected – Just-Auto: Shanghai based SAIC Motor reported a slight year on year rise in global sales in April 2020, of 0.5% to 433,000 units, after a steep decline in the first quarter of the year due to the outbreak of the COVID-19 coronavirus in the country.
- Hyundai Motor Group reopens US plants as April sales plunge 39% – Just-Auto: Hyundai Motor Group (HMG) restarted manufacturing operations in the US this week after more than a month of shutdowns after it introduced measures and policies to safeguard its staff against the COVID-19 coronavirus.
- Toyota reaches 15 million hybrid sales milestone – Just-Auto: Toyota reaches 15 million hybrid sales milestone | Automotive Industry News
- VW, BMW Take Plea for Cash-for-Clunkers Aid Straight to Merkel – Bloomberg: VW, BMW Take Plea for Cash-for-Clunkers Aid Straight to Merkel
- Geely Tech subsidiary to launch satellites – Autocar: In as early as 2010, Zhejiang Geely Holding Group Chairman, Li Shufu laid out his vision
- JLR offers showroom and online sales in UK – Autocar: JLR offers showroom and online sales in UK NZ
