Auto Industry’s Coronavirus Fears Shift From Supply to Demand
Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. But now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks.
Fiat Sales Boss Set to Leave After Settling Dispute Over SEC Probe
Fiat Chrysler Automobiles NV’s U.S. sales chief will leave next month after settling a dispute over how he was paid during a federal probe into the carmaker’s reporting practices.
China’s Auto Production to Drop 15% Because of Virus, Supplier Aptiv Says
Automakers probably will dial back production by 15% in China this quarter after extending holiday shutdowns due to the potentially deadly coronavirus, a top supplier said.
China’s Karma Automotive Plans to Enter Electric Truck, SUV Fray
The pickup truck market that has gone years without an electric entrant may have another competitor join the fray: Karma Automotive, the Chinese-owned carmaker once known as Fisker.
Tesla Clears Road for Rivian, Others to Sell EVs in Michigan Without Dealers
Tesla Inc.’s legal victory to sell its electric vehicles in Michigan without dealers could clear a path for other carmakers to follow.
Electric-Truck Maker Rivian Raises $1.3 Billion in New Funding
Rivian Automotive Inc., the electric truck maker already backed by Amazon.com and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.
Amazon’s Van-Buying Spree Delivers a Gift to Auto Industry
The Amazon.com vans parked outside apartment buildings and along suburban cul-de-sacs aren’t just bearing gifts to online shoppers this holiday season. The e-commerce giant’s home-delivery push has been a boon to automakers, too.
Fiat Chrysler Agrees to Costly Pay Bumps for Lower-Wage Workers
Fiat Chrysler Automobiles NV agreed to pay $29,500 in wage increases and bonuses to the typical United Auto Workers member over the next four years, according to a summary of a pact reached with the union last week.