Dhivya Suryadevara, GM chief financial officer, says “even in an extreme scenario with zero production,” the automaker has enough liquidity to last, into Q4 of 2020. That’s now been extended into early next year.
May 18, 2020
What makes this economic crisis so difficult for auto suppliers, and what can industry learn from the credit crisis of 2008-09? Egge Haak, managing director of Netherlands-based Involvation, speaks with GlobalAutoIndustry.com.
U.S. Auto Industry Gets Back to Work; Porsche Reveals 911 Targa; Dyson Blew £500 Million on Failed EV
If workers test positive in Detroit, Chicago, Kansas City and Louisville, KY, doctors can quickly identify close-contact employees who may have been exposed and ask them to self-quarantine for 14 days.
What segments in the vast automotive ecosystem will make it through the crisis?
New CATL Battery Reduces Cost; Tesla Working on Million-Mile Battery; Renault Axing Sedans & Minivans
“The full impact of the pandemic has yet to be felt,” Ford Executive Chairman William Clay Ford Jr. tells shareholders, noting the crisis has hit the auto industry globally.
Together with the Valencia Engine Plant in Spain, the reopening of Dagenham and Bridgend means all of Ford’s European manufacturing facilities will be back on line after shutting down in response to the COVID-19 pandemic.
Paying Dividends Puts Automakers at Risk; Kia Developing 800-Volt EVs; VW Atlas Cross Sport Impressions