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Hertz to Lay Off 10,000 Employees as Business Slumps During Pandemic
Hertz, looking to cut costs during the coronavirus pandemic, will lay off 10,000 employees in North America.
Tesla Reports Soon: What to Watch in Its Q1 Financials
Tesla’s first-quarter deliveries weren’t as bad as some had feared. Its full quarterly results will show how the coronavirus has impacted the company.
Missouri City Offers Tesla $1 Billion of Incentives for Cybertruck Plant
Joplin, Missouri, is offering Tesla $1 billion in incentives and savings to locate a new factory for the Cybertruck there.
Carvana Spikes as Wells Fargo Sees Buying Opportunity
Wells Fargo sees the recent downturn in the stock as a buying opportunity.
Tesla Cuts Salaries, Furloughs Workers Amid Pandemic Wind-Down
Tesla will cut salaries by as much as 30% and furlough workers in the wake of the electric carmaker’s forced production wind-down due to the coronavirus pandemic.
Tesla Preps Rollout of Longer-Range Model 3 in China
Electric carmaker Tesla is preparing to roll out a longer-range version of its Model 3 sedan to the Chinese consumer market that has a range of more than 400 miles as early as this week.
25 Highest Paying Jobs Without a College Degree
You don’t need a college degree to get a good job at good wages. These 25 jobs are the highest paying jobs you can get without a degree.
What’s the Average Cost of Car Insurance?
Auto insurance comes in different models and flavors. Once you know the tactics that keep costs down, you can start cutting your car insurance bill.
Ford First-Quarter Vehicle Sales Off 12.5%
Ford’s first-quarter vehicle sales fell 12.5%. The truck segment saw the smallest decline from a year earlier.
General Motors Shares Sputter as Coronavirus Hurts Car Sales
GM reported a 7% decline in first-quarter car and truck deliveries. Automakers have temporarily suspended production in a bid to stop the spread of Covid-19.
Fiat Chrysler Reports 10.4% Decline in First-Quarter U.S. Sales
Fiat Chrysler sold 446,768 vehicles in the first quarter, off 10.4% from a year earlier.
Tesla Reports New Delivery Figures Soon – Here’s What to Watch
Tesla’s full-year target of 500,000 vehicle deliveries now seems out of reach, and this week investors should hear more about how the company plans to navigate supply-and-demand troubles during the pandemic.
General Motors Says Salaried Staff to Have 20% of Pay Deferred
Salaried staff at General Motors will have 20% of their pay deferred beginning next week.
Ford Suspends North American Production Beyond March 30
Ford Motor suspended North American output beyond March 30, saying the coronavirus keeps workers at home, making production difficult.
Winnebago Suspends RV Production Due to Coronavirus
Winnebago, citing health concerns and slumping demand, suspended most recreational-vehicle production.
Oracle Upgraded to Overweight as a `Relative Safe Haven’ During Downturn
Oracle was upgraded to overweight from neutral by JPMorgan, which calls the database-software and cloud-infrastructure giant a possible “relative safe haven” during an economic downturn.
Tesla to Close Fremont, Calif. Factory; Shares Down 9%
Tesla will temporarily suspend operations at its Fremont, Calif. factory as part of a shelter-in-place order effective until at least April 7.
Ford Suspends Dividend, Withdraws Guidance, Offers Payment Relief to Some New-Car Buyers
Ford suspended its dividend, withdrew its financial guidance to investors and analysts and offered payment relief to some new-car buyers, all in an effort to contend with the effects of the coronavirus pandemic.
Tesla and General Motors Could Retool Plants to Build Medical Equipment
Tesla joins GM and Ford in offering to make hospital ventilators in auto factories that have been shut by the coronavirus outbreak.
GM, Fiat Chrysler Join Ford In Shutting Down Production to Fight Coronavirus
The move comes after the United Auto Workers union called on the Big 3 Detroit automakers to shut down production.
Tesla Plunges as RBC Slashes Price Target Due to Coronavirus Pandemic
Shares of Tesla plunge after RBC Capital markets analyst Joseph Spak slashes his one-year price target on what he expects to be a sharp drop in demand.
GM and Ford Join Crowd of Companies Asking Staff to Work From Home
All employees who can perform their work remotely have been asked to do so, except those in China, a media report says.
General Motors Unveils $20 Billion Electric Vehicle Expansion Plan
General Motors unveils its plan of more than $20 billion to charge up its electric and autonomous vehicle production.
Tesla to Expand Car-Parts-Production Capacity in Shanghai
Electric-vehicle major Tesla plans to expand car-parts-production capacity in Shanghai, a media report says.
AutoZone, Auto-Parts Retailers Climb as Exposure to Supply-Chain Disruption Is Low
AutoZone and other auto parts retailers are climbing after Credit Suisse said the sector has the least exposure to supply-chain disruption in China.