April deliveries fell 54 percent at Toyota Motor, 39 percent at Hyundai and 45 percent at Mazda. While the outbreak upended volume across the industry -- analysts project U.S. new-vehicle sales skidded 50 to 55 percent -- Hyundai credited the "ingenuity of our dealers" and "robust customer assistance programs” for helping mitigate the impact.
The billionaire said in a separate post that he’s selling “almost all” of his physical possessions and won’t own a house.
The car rental giant has until May 4 to make missed lease payments related to the vehicles it rents out or convince lenders to waive a potential default. If creditors decide to liquidate a large portion of the fleet to repay bonds it could add to price volatility in the used-vehicle market, Benchmark analyst Michael Ward wrote.
She fills a board seat left vacant after the abrupt retirement of former President of Automotive Joe Hinrichs this year
The Canadian province of Ontario says dealers should consider issuing personal protective equipment (PPE) “as a last resort.” One of the several suggestions for manufacturers includes floor markings and barriers to manage traffic flow and physical distancing.
Fiat Chrysler shares received by the heirs of the automaker's late CEO Sergio Marchionne were worth about $9 million more than the compensation package for current FCA CEO Mike Manley.
While the outbreak significantly disrupted April volume across the industry -- analysts project U.S. new-vehicle sales will skid 50 to 55 percent -- Hyundai executives credited the "ingenuity of our dealers" and "robust customer assistance programs” for helping mitigate the impact.
