Taiwanese electronics manufacturer Foxconn will make ventilators with U.S. firm Medtronic Plc to help patients afflicted by the coronavirus outbreak, the company said on Wednesday. Foxconn said it was currently cooperating with Medtronic to design and develop ventilators.
What happened
Shares of the three Detroit automakers fell sharply in March, according to data provided by S&P Global Market Intelligence. All were hit hard by the drastic effects of the coronavirus pandemic on their industry.
What happened
Shares of General Motors (NYSE: GM) were surging on Tuesday afternoon, as an analyst's pessimistic downgrade failed to dent investors' growing optimism about GM's prospects once the coronavirus pandemic fades.
What happened
Shares of General Motors (NYSE: GM) were rising at midday on Monday, amid a broad-based market rally on signs that the economic impact of the coronavirus pandemic might not be quite as bad as feared.
Brazil auto sales fell by almost 90% in the last week of March compared to the first week of the month as the coronavirus crisis spread through Latin America's largest economy, the national automakers association said on Monday.
Engineers at Tesla Inc showed a prototype for a ventilator on Sunday evening in a video published on the company's YouTube channel, as hospitals around the country overwhelmed by coronavirus patients face device shortages.
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Wall Street dipped on Friday as the novel coronavirus abruptly ended the longest spell of U.S. employment growth on record, but declines were limited by a surprise expansion in the U.S. services sector.
Opening up another front in the battle against the novel coronavirus, Ford Motor Company (NYSE: F) is setting its sights on South America. The automaker plans on making 50,000 face shields at its factories in Brazil and Argentina, according to Reuters, which the company will th
What happened
Shares of General Motors (NYSE: GM) were falling on Thursday, after the company reported a decline in first-quarter U.S. sales, and investors grappled with the growing possibility that GM will suspend its dividend.
Ford Motor (NYSE: F) said that its U.S. sales fell 12.5% in the first quarter from a year ago, after the novel coronavirus outbreak brought production and sales to a near-halt in mid-March.
German Chancellor Angela Merkel and executives at Germany's automakers are pondering when and how to restart automotive production, amid fears that some key suppliers may not have the cash to wait out the coronavirus pandemic.
The economic damage of the coronavirus pandemic continues to worsen, as stay-at-home orders have made more nonessential businesses shut their doors. The disruptions have had a huge effect on the workforce, with many businesses lacking the financial resources to keep workers on t
What happened
Shares of automakers Ford Motor Company (NYSE: F) and General Motors (NYSE: GM), as well as those of online car-shopping service TrueCar (NASDAQ: TRUE), were all falling on Wednesday after some automakers reported dismal U.S. sales results for the month of March.