Tag Archives: COVID-19 Pandemic

Daimler Q3 Covid Results – Sales, Revenue Down. Earnings Up

Daimler expects that the significant unit-sales reductions recorded in the first nine months due to the COVID-19 pandemic will only be partially offset by the end of the year. Group unit sales and Group revenue in 2020 are forecast to be significantly lower than in the previous year. Continue reading

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Alexandra Ford English to Join Rivian’s Board of Directors

The announcement comes at crucial point for Ford Motor as analysts are speculating that future of a challenged Ford – operational competence, liquidity, as well as quality and warranty issues – will require a merger with another global automaker, perhaps Volkswagen. (Bill Ford has been quoted – second hand – by insiders as saying “No.” Then after a pause “Hell No.”) Continue reading

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Ferrari Official Channel via Motorsport Network

Race and sporting coverage include Competizioni GT, F1 Clienti, XX Programs and Ferrari Challenge (Europe, North America, Asia Pacific and UK) as well as video content on the road car range. There is also a focus on Ferrari’s participation in WEC, Le Mans 24 hours and Blancpain GT series. Continue reading

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Social Distancing Time Frames: How Our Expectations Affect Compliance

“We said, ‘There’s something wrong here in the news,’” Briscese says. “Someone from the government says one thing and then another thing and you had conflicting messages from epidemiologists saying, ‘We are here for the long run. This is a marathon, not a sprint.’” Continue reading

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Ford Motor Q1 Prelim Results Hint at COVID-19 Illiquidity

Ford’s Q1 vehicle wholesales were down 21% from a year ago, largely as a result of lower production and demand related to the coronavirus.  Ford currently expects to report revenue of about $34 billion and first-quarter adjusted losses before interest and taxes of about negative -$0.6 billion, which excludes about $0.3 billion of special-item charges. The company has not yet calculated its tax rate for the first quarter and is not able to provide its preliminary net loss or loss per share. As of 9 April, the company had about $30 billion in cash on its balance sheet, including $15.4 billion of proceeds from borrowings last month against two existing credit lines. Continue reading

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COVID-19 – GM Gives $2.65 Million to 40 Non-Profits

Included in these efforts is a $1 million grant to the DonorsChoose Keep Kids Learning plan, which provides $1,000 credits to 1,000 teachers in high-need school districts to help send basic resources like books, pencils, notebooks, food and cleaning supplies to students’ homes. Continue reading

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Unions, FCA Sign Agreement on Workplace Health and Safety

The guidelines established focused on “rigorous implementation of government directives aimed at combating the spread of the Covid-19 virus and application of best practices implemented by the Group at its sites around the world.” This presumably applies to the United States where the ‘Do Nothing’ Trump Administration claims that this is a job for the states, not National leadership. Continue reading

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Electrify America, Kia Offer DC Fast Charging Plan for Niro EV

The ‘Kia Select’ program offers a flat rate of 35 cents per-minute charging for current Kia Niro EV drivers, designed specifically for the unique DC charging characteristics of the model. The program also waives session fees and has no subscription fees for participants. Continue reading

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Porsche “Gives” Employees A Voluntary Bonus

Porsche* is combining an optional bonus to its employees with an appeal for donations to support the “Porsche aid” program. The bonus of  €9,000 Euro will be paid out to the Porsche workforce for the 2019 financial year; €700 will … Continue reading

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Teamsters, CtW Investment Group Demand Amazon Reveal Workplace Safety Record

The request comes after the Securities and Exchange Commission (SEC) allowed Amazon to exclude a shareholder proposal that the two investors had filed to be voted on at the online retailer’s annual meeting of shareholders, scheduled for May 27. It’s the latest example of government agencies suppressing democracy under the current administration. The investors are appealing the SEC’s staff decision to the full Commission today. Continue reading

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Goodyear, Just Tires Offer “Zero Contact” Service

This new service is in addition to the preventative measures previously announced. These include a reduction in store hours, as well as enhanced disinfection, visitor protocols and physical distancing according to guidance from the Centers for Disease Control and Prevention. Continue reading

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Airbag Shrapnel at Nissan Prompts Recall of 216,678

The rupture may result in metal fragments striking the driver or other occupants resulting in serious injury or death. The so-called PSDI-5D inflator – no surprise here – was made by now bankrupt Takata at Monclova, Mexico. How long Nissan new about the deadly defect is unknown. In the required NHTSA filing, it said the Chronology will be supplied later. Continue reading

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Corona Crisis – March UK New Car Registrations Fall -44.4% 

The performance represented a steeper fall than during the 2009 financial crisis and the worst March since the late nineties when the market changed to the bi-annual plate change system. With lock-downs taking place in many European countries earlier than the UK, even more dramatic falls have been reported elsewhere, with Italy down -85%, France -72% and Spain down -69% in March. Continue reading

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IMSA: Chevrolet Detroit Grand Prix Canceled for 2020

The International Motor Sports Association (IMSA) received official notification today from the organizers of the Chevrolet Detroit Grand Prix that this year’s event, scheduled from May 29-30, has been canceled for 2020. Continue reading

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