Tag: automotive industry
Stocks rise after mixed day, with tech leading and SaaS outperforming
The wild ride that has been U.S. stock market over the past couple of weeks may be settling down — at least for the moment — from the whiplash-like swings that helped set global markets on edge. The new economic normal that the pandemic has brought to countries across the world…
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Ford temporarily suspends production in North American factories
Ford said Wednesday it will temporarily suspend production at its North American factories through March 30 in response to COVID-19, the disease caused by coronavirus. “We’re continuing to work closely with union leaders, especially the United Auto Workers, to find ways to help keep our workforce healthy and safe —…
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Honda to shut down North American factories for six days
Honda said Wednesday it will shutter all of its North American factories for six days due to an expected decline in the market related to the economic fallout from the spread of COVID-19, a disease caused by coronavirus. The stoppage will affect about 27,600 Honda employees in North America, all…
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BMW axes plans to bring electric iX3 SUV to US
BMW will not bring the iX3, the automaker’s first electric crossover, to the U.S., the latest automaker to shift its EV strategy to Europe and China. BMW told Automotive News, the first media outlet to report the change, that at this time, it doesn’t have plans to bring iX3 to…
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Cadillac cancels debut of all-electric Lyriq over COVID-19 concerns
Cadillac has cancelled the upcoming debut of the Lyriq, an all-electric mid-sized SUV designed to be an entry point into luxury brand’s new EV lineup, over concerns about the COVID-19 outbreak. GM’s luxury brand had planned to reveal the Lyriq on April 2 at an event in Los Angeles. COVID-19,…
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GM reveals an EV for (almost) every purse and purpose
To take on the electric future, General Motors turns to its past Ed Niedermeyer 8 hours Ed Niedermeyer Contributor Ed Niedermeyer is an author, columnist and co-host of The Autonocast. His book, Ludicrous: The Unvarnished Story of Tesla Motors, was released in August 2019. More posts by this contributor GM…
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