We've all seen the numbers -- more than 30 million people have filed for unemployment so far during the coronavirus pandemic, and this is certain to cause the near record-low unemployment numbers we've seen recently to rocket higher.
(RTTNews) - Ford, with design and testing consultation from 3M, said it begins shipping urgently needed powered air-purifying respirators or PAPRs to health care workers.
Workers at a Lear Corp autoparts plant in northern Mexico that saw the worst known coronavirus outbreak of any factory in the Americas are now bracing to be sent back to work.
BorgWarner Inc reported a smaller-than-expected fall in quarterly profit on Wednesday, as its sales decline was not as bad as feared during the COVID-19 pandemic that also forced the U.S. auto parts maker to cut its full-year outlook.
General Motors Co on Wednesday reported a huge plunge in first-quarter profit that raced past expectations, and the automaker outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic.
Workers at a Lear Corp autoparts plant in northern Mexico that saw the worst known coronavirus outbreak of any factory in the Americas are now bracing to be sent back to work.
While the coronavirus pandemic has hit BorgWarner Inc hard, investors want to know more about the status of its pending acquisition of Delphi Technologies Plc and tornado damage at the auto parts supplier's South Carolina plant when it reports first-quarter results on Wednesday.
Investors want to know what kind of economic hit General Motors Co expects from the coronavirus pandemic as it moves forward, whether it needs to raise further cash and when North American vehicle production will resume when it reports first-quarter results on Wednesday.
What happened
Shares of General Motors (NYSE: GM) were rising on Tuesday, ahead of its earnings report, on new developments that make it more likely that GM and the other Detroit automakers will be able to restart production in the U.S. later this month.
General Motors (NYSE: GM) will report its first-quarter 2020 earnings before the market opens on Wednesday, May 6. What should auto investors look for?
The union that represents U.S. hourly workers at Detroit automakers gave its tacit approval on Tuesday for the companies to restart production amid the coronavirus pandemic, after Fiat Chrysler said it expected to reopen its North American plants on May 18.
Companies have withdrawn guidance for 2020 because of the uncertainly the Covid-19 pandemic has created. That leaves investors flying blind. Here’s a clue about earnings in the second quarter: It isn’t going to be pretty.
Apple Inc on Monday capitalized on the Federal Reserve's emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buybacks and dividends.
Texas auto dealer Hayden Elder says March was his worst month in 42 years selling cars thanks to the coronavirus, but April brought days that were "almost normal" and he expects bigger customer discounts to help him sell more Dodge Ram pickup trucks this month.
What happened
Shares of Hertz Global Holdings (NYSE: HTZ) and rival Avis Budget Group (NASDAQ: CAR), well-known vehicle rental companies, and Carvana (NYSE: CVNA), a used-car retailer, all dropped double digits Friday morning as COVID-19 is causing ripple effects throughout the