Latest activity
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DDavid Muller posted the thread CarMax to furlough 15,500, slash exec pay, other costs in Latest Automotive News.The furloughs are effective April 18, and CarMax CEO Bill Nash is forgoing 50 percent of his salary as the used-car retailer moves to...
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AAudrey LaForest posted the thread Auto trade group Here For America names first CEO in Latest Automotive News.Policy veteran Jennifer Safavian previously was executive vice president for government affairs at the Retail Industry Leaders...
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CCHESTER DAWSON posted the thread Japan automakers cutting off pay to 32,000 North American workers in Latest Automotive News.Toyota said it will continue to provide benefits for about 5,000 temporary agency workers, and they may be eligible for unemployment...
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CCHESTER DAWSON posted the thread Toyota lays off 5,000 temps, postpones North American reopening in Latest Automotive News.Toyota said it will continue to provide benefits for what it refers to as its variable workforce, and they may be eligible for...
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UUrvaksh Karkaria posted the thread Mercedes grabs lead in U.S. luxury race as crisis hammers sales in Latest Automotive News.Mercedes-Benz delivered 67,746 vehicles, excluding commercial vans, in the first quarter, down 4.8 percent from a year ago. Continue...
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WWhitney McDonald posted the thread FCA recalls 365,000 vehicles over rearview camera display issue in Latest Automotive News.A software error on several FCA vehicles causes the rearview image to stay on the screen for more than 10 seconds after the vehicle has...
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AAudrey LaForest posted the thread Small-business loan program ‘will not run out of money,' Mnuchin says in Latest Automotive News.The Paycheck Protection Program is a top priority for dealers trying to keep their businesses afloat as showrooms are ordered to close...
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CCHRISTOPH RAUWALD and EYK HENNING posted the thread VW considers options for record $3.6 billion dividend in Latest Automotive News.The automaker may use part of the dividend to shore up its finances during the coronavirus pandemic but acknowledges that investors...
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WWhitney McDonald posted the thread NADA slashes forecast for 2020 auto sales in Latest Automotive News.The dealers association sees sales dropping below 2012 levels as incentives soar and consumer confidence plunges during the COVID-19...
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AAudrey LaForest posted the thread GM to supply 30,000 ventilators as part of $490M government contract in Latest Automotive News.GM plans to deliver 6,132 ventilators by June 1. The automaker is producing the ventilators at its 2.6 million-square-foot plant in...
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AAutomotive News Breaking News Feed posted the thread Quick rebound in Wuhan car sales give hope to battered industry in Latest Automotive News.The revival offers a sliver of hope for global carmakers from Volkswagen to General Motors and Toyota, whose sales are slumping in other...
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SSHIHO TAKEZAWA and TSUYOSHI INAJIMA posted the thread Nissan to focus on cash flow, better use of assets in Latest Automotive News.The automaker will capitalize on its existing assets, not just from Nissan, but also from Renault and Mitsubishi Motors, COO Ashwani...
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TTINA BELLON posted the thread Tesla to begin unpaid furloughs, cut salaries in Latest Automotive News.In an email to employees, the electric vehicle maker said it plans to resume normal operations May 4, though the pay cuts will remain in...
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PPete Bigelow posted the thread Self-driving startup Nuro gets green light in California in Latest Automotive News.Tuesday's approval in California comes during growing overall demand for automated delivery services, as consumers across the country...
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PPete Bigelow posted the thread Self-driving startup Zoox cuts safety drivers in Latest Automotive News.With stay-at-home guidelines grounding its self-driving fleet, Zoox will stop paying human safety drivers today. Continue reading...