Coronavirus drives U.S. March auto sales off a clif

March 31, 2020
DETROIT (Reuters) - U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further beating in April as social distancing guidelines remain in place.

Japanese automakers halve global output as pandemic rages

March 25, 2020
TOKYO -- Japanese automakers are temporarily slashing global production to half as demand plummets amid the new coronavirus outbreak, with Mazda Motor idling domestic assembly lines and Toyota Motor reducing output at home and abroad.

Automakers count down to looming China parts shortage

Febuary 5, 2020
The auto industry has begun to feel the impact of the coronavirus outbreak as factory shutdowns in China threaten a vital source of parts. Facing parts shortages, South Korea's Hyundai Motor is suspending operations

Honda supplier to shift production from Wuhan to Philippines

January 30, 2020
Honda Motor 's major car parts supplier Ftech is to move its brake pedal production from Wuhan, China, to the Philippines amid the new coronavirus outbreak. Operations at the Wuhan factory have been suspended and are unlikely to resume soon.

Tesla basks in Shanghai Gigafactory success but will rally last?

January 27, 2020
Just over a week after becoming the first US automaker to hit the $100 billion valuation mark, Tesla will report its fourth-quarter results on Wednesday as investors watch eagerly for signs that the electric vehicle maker can keep its hot streak going.

Global carmaker and luxury brands hit as coronavirus shuts down Wuhan

January 24, 2020
Renault, Honda and Peugeot owner PSA Group are among the global companies that have large manufacturing plants in Wuhan, China, the center of a coronavirus outbreak that has claimed dozens of lives.
News more