Global auto output could fall by 20% in 2020, forecast says
Global light vehicle production is now expected to fall more than 20 percent to around 71 million units in 2020 as a result of the COVID-19 pandemic and ensuing recession, a...
UAW, Detroit 3 negotiating safety rules to reopen U.S. plants
Bernie Ricke, president of UAW Local 600, which represents workers Ford Motor Co.'s Dearborn, Mich., pickup truck plant and at a number of auto suppliers, said automakers and suppliers have...
Rethink automotive supply chain, Unifor’s Jerry Dias says
Even after the first wave of COVID-19 infections subsides and some of the global economy reopens, local outbreaks around the world threaten to temporarily shut down supplier plants and limit...
Corvette customer dies before GM can build his car
General Motors was able to build only 2,695 midengine Chevrolet Corvettes before production was halted in March due to the coronavirus outbreak, the manager of the Bowling Green Assembly plant...
CEO’s leave puts light on governance dilemma
When Cheryl Miller was granted a medical leave of absence from her role as CEO of AutoNation, the biggest U.S. dealership group was faced with the age-old question of how...
Ally earnings hard-hit from COVID-19
Ally Financial Inc., one of the largest U.S. auto lenders, posted a net loss in first-quarter 2020 due to a worsening economy and measures the lender took to insulate itself...
Adient seeks $500 million amid COVID-19 cash burn
DETROIT -- Adient plc is looking for cash to shore up its balance sheet after it closed operations in North America and Europe during the global COVID-19 outbreak. The automotive...
German industry calls for cash-for-clunkers program to boost car sales
FRANKFURT -- Germany's auto industry and senior politicians are stepping up calls for another scrappage program -- known in the U.S. as cash for clunkers -- to revive demand after...
Faurecia Q1 sales take hit from pandemic
Faurecia posted a major decline in sales across all markets, primarily as a result of the impact of the COVID-19 pandemic. Faurecia on Monday joined Nemak and other global auto...
VW settles emissions case with majority of German claimants
HAMBURG -- Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit brought by German consumer group VZBV over the company's rigging of diesel...