Auto Maker Archives — Page 25 of 37

April 29, 2020 No Responses

Mitsubishi Motors Seeks $2.8b Loans

Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry This total includes 200 billion yen from Japanese private- and public-sector financial institutions....

April 27, 2020 No Responses

Auto Firms Head For Zero Sales In April

Automobile firms in most parts of the world including Nigeria are heading for zero sales as the Month of April, 2020 drives to an end. Toyota South Africa Senior Vice President incharge of sales and marketing, Leon Theron had last...

April 25, 2020 No Responses

Volkswagen Restarts Production In Germany

About Five weeks of shutdown due to the coronavirus crisis, Germany’s largest car manufacturer Volkswagen has restarted production in two of its plants. Volkswagen’s vehicle plant in Zwickau, Saxony would “cautiously resume” production ...

April 25, 2020 No Responses

Mitsubishi Motors Predicts Losses, Drop In Sales

Japanese automaker, Mitsubishi Motors Corporation on Friday predicted 26 billion yen ($240 million) in losses for the fiscal year through next March, as sales plunge because of the coronavirus pandemic. Tokyo-based Mitsubishi, allied with Nissan Motor Company ...

April 24, 2020 No Responses

Toyota To Resume Production May 4

Toyota Motor announced on Thursday it will resume automobile production at all of its 14 plants in North America from May 4 after a one-and-a-half month suspension due to the novel coronavirus. “Beginning the week of May 4, Toyota intends...

April 24, 2020 No Responses

Nissan Resumes Production May 4

Nissan will restart production at its Barcelona factory from May 4 and it will begin piloting safety measures at its British plant with the return of around 50 staff this week, the Japanese carmaker said . “The management team in...

April 23, 2020 No Responses

JLR Introduces Plug-In Hybrid Technology To Range Rover Evoque, Discovery Sport

Jaguar Land Rover has introduced new plug-in hybrid technology to Range Rover Evoque and Land Rover Discovery Sport. The company explained on Wednesday that the latest plug-in hybrid system can switch to an electric-only mode for shorter rides. Also, this...

April 17, 2020 No Responses

Hyundai Restarts Car Plants In Russia, Czech Republic

Hyundai Motor has resumed operations at Eurasian plants shut down for weeks as a precaution against the spread of the novel coronavirus. The South Korean automaker restarted its Russian assembly plant in St. Petersburg followed by reboot of the factory.....

April 16, 2020 No Responses

Suzuki Suspends Production Till Further Notice

Japanese car manufacturer, Suzuki Motor Gujarat Private Limited (SMG) India has suspended production of cars till further notice. Citing latest government directive on the COVID-19, the company explained that it will be extending the suspension of ...

April 16, 2020 No Responses

VW To Resume Production In South Africa May, April 20 In Germany

Volkswagen on Wednesday said factories producing cars for its core brand in Zwickau, Germany and Bratislava, Slovakia will resume production starting on April 20, with other locations ramping up plants starting from April 27 onwards. Meanwhile, factories...

April 14, 2020 No Responses

VW To Aid Dealers Supporting Coronavirus Relief Efforts

Volkswagen AG said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COVID-19 pandemic. The loaner cars, typically offered to...

April 10, 2020 No Responses

Daimler To Restart German Factories April 20

Mercedes-Benz maker, Daimler is to restart work at factories in Germany from April 20, after a weeks-long interruption due to the coronavirus pandemic. “In a few selected factories, we are implementing a coordinated restart of production,” the grou...

April 10, 2020 No Responses

Hyundai To Restart Plant April 14

Hyundai Motor, Czech plant plans to restart on April 14 after a three-week production outage as part of efforts to fight the coronavirus, becoming the first of the three major carmakers in the central European country to resume work. The...

April 4, 2020 No Responses

Daimler Secures $13b Loan Facility

Daimler has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term...