automakers

Volkswagen AG (OTC: VLKAF) said on Wednesday it would restart production at its European sites from next week. What Happened In a statement released on Wednesday, VW said it plans to reopen its Zwickau plant in eastern Germany, as well as the facility in Bratislava, Slovakia, on April 20. The...

The automotive industry has been hit hard by COVID-19, with automakers forced to shut down approximately 95% of plants across Europe and the U.S. In most cases, those measures were supposed to last only a few weeks. Now it looks like factories will remain silent for much longer. Reopening...

The coronavirus has hit the U.S. economy very sharply. Last week was the worst week for the stock market since 2008, despite the fact that the Federal Reserve has taken some very serious actions. It is quite clear that bad times are ahead for everyone, especially for the sensitive and already...

Coronavirus is spreading worldwide and throughout the automotive industry, devastating carmakers' financial statements. Sales declines, supply chain chaos and factory shutdowns have already caused a lot of damage. Based on everything we saw so far it can be said that the Coronavirus knock-...

Tesla Inc's (NASDAQ: TSLA) efforts to make a big push in China are paying off, according to a report in the Chinese National Business Daily, which cited data released by the Power Battery Application Branch of the China Industrial Association of Power Sources. Tesla's...

Chinese electric vehicle maker Nio Inc – ADR (NYSE: NIO) has been frequenting the debt market of late, with the $235-million private placement announced Thursday only the latest. Nio's Strained Cash Position Nio's latest financial report released in late December revealed a cash...

Tesla Inc. (NASDAQ: TSLA) obtained Chinese government approval Friday to sell longer-range, China-made model 3 vehicles in the country, according to Reuters, which cited the country's Ministry of Industry and Information Technology. The vehicles have a driving range of more than 372 miles...

Tesla Inc's (NASDAQ: TSLA) recent breakout market performance is proving its skeptics wrong as by mid-January, Tesla's market capitalization had reached $107 billion. It ran over the giant German automaker Volkswagen (OTC: VWAGY) and has become the world's second most valuable auto...

Former Nissan Motor Co Ltd (OTC: NSANF) chairman Carlos Ghosn has fled Japan, where he was facing financial crimes charges, and is now in his home country of Lebanon. In a statement released by Ghosn to media outlets, the 65-year-old former executive said he would "no longer be held hostage by...

This year was full of ups and downs for Tesla Inc (NASDAQ: TSLA) but the future looks brighter for the maker of the Model 3, according to Oppenheimer analyst Colin Rusch. Tesla 'Hitting Their Stride' Some of the highlights from Tesla's 2019 include two new car model unveilings and...

Italian-American automaker Fiat Chrysler Automobiles N.V. (NYSE: FCAU) and Peugeot's (OTC: PUGOY) parent company Groupe PSA have officially signed a merger, the two companies said in a joint statement on Wednesday. What Happened Both Fiat Chrysler and PSA will own a 50% stake each in the...

Nio Inc – ADR (NYSE: NIO) shares, which came under significant selling pressure last week in the wake of the resignation of the company's CFO, were rebounding strongly Monday. The Chinese electric vehicle maker said in a Monday release it delivered 2,526 vehicles in October, representing...

Ford Motor Company (NYSE: F) could see its share price go lower as it faces continued sluggish demand overseas and new worries about slowing sales at home, Buckingham Research Group said Tuesday. The Analyst Buckingham Research Group’s Joseph Amaturo maintained a Neutral rating on Ford and...

The European Automobile Manufacturers' Association (ACEA) called for a comprehensive plan to transition to zero-emission mobility in Europe during a meeting it chaired at the IAA 2019 conference in Frankfurt, Germany on Sept 11.  Carlos Tavares, president of ACEA, stated that the association wants...

U.S.-based automaker Ford Motor Company (NYSE: F) and German counterpart Volkswagen AG announced Friday an expansion of their global alliance to include autonomous driving and electric vehicles. The Detroit News first reported on the partnership Wednesday night. What Happened Ford and Volkswagen...