Lunes, Agosto 31, 2020

Ford to cut 1,000 N.A. salaried jobs amid overhaul, report says

Ford's salaried job cuts are aimed at improving the automaker’s efficiency and are not related to rising costs from the coronavirus pandemic, Bloomberg reported. An announcement could come as early as this week, people familiar with the matter said.



from Section Page News - Automotive News https://ift.tt/2QKjc5u via Falls Church auto repair

BMW cutting U.S. jobs in a down market

A spokesman declined to disclose the number of jobs being axed but noted the cuts do not affect the automaker's assembly plant in Spartanburg, S.C.



from Section Page News - Automotive News https://ift.tt/31HBfQd via Falls Church auto repair

Tesla shares surge 12.6% after stock split

The success of the splits for Tesla and Apple could lead CEOs of other companies with high-priced stocks to consider their own splits. Tesla's stock has surged more than 70 percent since its split was announced on Aug. 11.



from Section Page News - Automotive News https://ift.tt/3bcw8uw via Falls Church auto repair

Ford ends U.S. ventilator production after making 50,000 units

The automaker, which had been producing the devices in conjunction with General Electric, shipped its final unit on Friday to help fight the coronavirus pandemic.



from Section Page News - Automotive News https://ift.tt/32LU7ga via Falls Church auto repair

Toyota and Honda developing a mobile power generation system

The automakers said they plan demonstration testing of the mobile power generation system, so it can be delivered "anytime and anywhere."



from Section Page News - Automotive News https://ift.tt/3gKd4Fg via Falls Church auto repair

Tesla shares surge after stock split

The success of the splits for Tesla and Apple could lead CEOs of other companies with high-priced stocks to consider their own splits. Tesla's stock has surged more than 70 percent since its split was announced on Aug. 11.



from Section Page News - Automotive News https://ift.tt/3jxeuEQ via Falls Church auto repair

Ohio approves tax credit for Carvana distribution center near Cleveland

The e-commerce platform for buying and selling used cars plans a new inspection, reconditioning and distribution facility near Cleveland.



from Section Page News - Automotive News https://ift.tt/2DeKDkW via Falls Church auto repair

GM supplier Shiloh files for Chapter 11 bankruptcy

Private equity firm Grouper plans to acquire all of Shiloh's assets in a bankruptcy court sales process for about $218 million in cash. GM is the supplier's largest customer, generating 17.4 percent of its revenue last year.



from Section Page News - Automotive News https://ift.tt/3gLjWlq via Falls Church auto repair

Ex-Mitsubishi Chairman Masuko dies 3 weeks after stepping down

Masuko joined Mitsubishi Motors in 2004 and became president in 2007. He oversaw the creation of the partnership between Mitsubishi and Nissan. He died last week at age 71.



from Section Page News - Automotive News https://ift.tt/2EAe8i1 via Falls Church auto repair

Shiloh Industries files for Chapter 11 bankruptcy

Private equity firm Grouper plans to acquire all of Shiloh's assets in a bankruptcy court sales process for about $218 million in cash.



from Section Page News - Automotive News https://ift.tt/2QCNQOr via Falls Church auto repair

U.S. appeals court tosses Trump bid to roll back fuel efficiency penalties

The Second U.S. Ciricut Court of Appeals in a 3-0 decision said NHTSA did not make a timely decision to reconsider the penalties.



from Section Page News - Automotive News https://ift.tt/2YQ5e6E via Falls Church auto repair

NIO boosts size of share sale by 20% amid EV stock frenzy

The $1.5 billion raised in NIO’s latest stock offer will be partly used to increase the company’s interest in NIO China. Funds will also be spent on R&D into autonomous driving technologies as well as other general corporate purposes.

 



from Section Page News - Automotive News https://ift.tt/2G5uT4K via Falls Church auto repair

Mitsubishi says former Chairman Masuko has died

Masuko resigned from the automaker just weeks ago citing health reasons. He was 71.



from Section Page News - Automotive News https://ift.tt/2QGzBIs via Falls Church auto repair

Linggo, Agosto 30, 2020

Toyota's new factory idea for small-batch production

The automaker has pioneered new production techniques to churn out sporty, niche vehicles for the GR performance subbrand in the latest push to deliver ever-better, more exciting cars.



from Section Page News - Automotive News https://ift.tt/3ls8Rtn via Falls Church auto repair

Toyota shoots for the moon

The Lunar Cruiser -- an extraterrestrial shoutout to the brand's Earth-bound Land Cruiser -- will be the ultimate test of Toyota's talent in making durable, reliable vehicles.



from Section Page News - Automotive News https://ift.tt/3jrRQxy via Falls Church auto repair

Hurricane Laura's impact on Gulf Coast dealers, supply unclear

For dealerships, the storm arrived at a time of low used-vehicle inventory and high prices because of the ongoing coronavirus pandemic.



from Section Page News - Automotive News https://ift.tt/3bbcajF via Falls Church auto repair

Gentex adds DVR feature to mirror camera

Gentex's Full Display Mirror houses a recorder that can store as much as two hours of driving video taken from front- and rear-facing cameras. It automatically captures accident video.



from Section Page News - Automotive News https://ift.tt/2GgeVVP via Falls Church auto repair

Mayflies a dark spot on GM's launch of big SUVs

Add mayfly mayhem to the list of auto industry woes in 2020. GM blames the insects for stubborn black residue on more than 2,600 Chevrolet Tahoes and GMC Yukons.



from Section Page News - Automotive News https://ift.tt/3hIzRCp via Falls Church auto repair

‘No advantage' to having battery plant, Ford says

As its rivals pour billions into battery plants, Ford is content to supply its EVs through more traditional means.



from Section Page News - Automotive News https://ift.tt/3gGmce0 via Falls Church auto repair

Hot wholesale used-car prices could slide as demand cools

In the past couple weeks, retail used-vehicle prices have been climbing faster than wholesale prices, which have been at record levels.



from Section Page News - Automotive News https://ift.tt/2EJ23a1 via Falls Church auto repair

Nissan rebound starts next year, Uchida says

CEO Makoto Uchida predicts the carmaker's flagging fortunes will start to turn around in the January-March quarter, putting the company on track to return to profitability.



from Section Page News - Automotive News https://ift.tt/31FrGBs via Falls Church auto repair

Sabado, Agosto 29, 2020

McLaren lays foundation for electrification

Despite a delay caused by the COVID-19 pandemic, the exotic brand's electrified future is coming into better focus, thanks to its upcoming plug-in hybrid model.



from Section Page News - Automotive News https://ift.tt/32CmVrA via Falls Church auto repair

U.S. supply of VW ID4 expected to be limited

The compact crossover goes on sale late this year in the U.S., though initial supplies from the single German factory supplying Europe and North America may be constrained. The ID4 is to be revealed globally Sept. 23.



from Section Page News - Automotive News https://ift.tt/3jxwXRL via Falls Church auto repair

Toyota gains lessons from round-the-world road trip

The automaker's Five Continents Drive came to an inglorious early end this year because of COVID-19. But the seven-year road trip was still a big success. Now comes the second phase.



from Section Page News - Automotive News https://ift.tt/3lulCDJ via Falls Church auto repair

Biyernes, Agosto 28, 2020

Auction buyers relying on condition reports for online sales

With the rise of digital sales, such information has never been more important to the wholesaling process.



from Section Page News - Automotive News https://ift.tt/3gDZYcx via Falls Church auto repair