Market Activity HMC THO F DAI WGO TM Best Investments for Best Stocks for Best Mutual Funds for Best ETFs for Automobile Stocks Hertz to Lay Off 10,000 Employees as Business Slumps During Pandemic By Joseph Woelfel Hertz, looking to cut costs during the coronavirus pandemic, will lay off 10,000 […]
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Hertz, looking to cut costs during the coronavirus pandemic, will lay off 10,000 employees in North America.
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.
Joplin, Missouri, is offering Tesla $1 billion in incentives and savings to locate a new factory for the Cybertruck there.
Wells Fargo sees the recent downturn in the stock as a buying opportunity.
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.
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.
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Ford’s first-quarter vehicle sales fell 12.5%. The truck segment saw the smallest decline from a year earlier.
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 sold 446,768 vehicles in the first quarter, off 10.4% from a year earlier.
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.
Salaried staff at General Motors will have 20% of their pay deferred beginning next week.
Ford Motor suspended North American output beyond March 30, saying the coronavirus keeps workers at home, making production difficult.
Winnebago, citing health concerns and slumping demand, suspended most recreational-vehicle production.
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 will temporarily suspend operations at its Fremont, Calif. factory as part of a shelter-in-place order effective until at least April 7.
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 joins GM and Ford in offering to make hospital ventilators in auto factories that have been shut by the coronavirus outbreak.
The move comes after the United Auto Workers union called on the Big 3 Detroit automakers to shut down production.
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.
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 its plan of more than $20 billion to charge up its electric and autonomous vehicle production.
Electric-vehicle major Tesla plans to expand car-parts-production capacity in Shanghai, a media report says.
AutoZone and other auto parts retailers are climbing after Credit Suisse said the sector has the least exposure to supply-chain disruption in China.