Day: March 23, 2020

The virus gets worse – the week | Automotive Industry Comment

There was a glimmer of hope in all the poor news this 7 days – Wuhan, aka Coronavirus Central (thanks a ton) on Thursday reported no new conditions, the very first these types of report because the bug started out to get maintain past January. So, most likely, this, or some of this, may well be in excess of for the rest of us in two, probably a few, months? Let’s hope so. Or probably not.

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The virus gets worse – the week | Automotive Industry News

Automaklers including Daimler have been temporarily halting vehicle assembly in North America and Europe. How long for is the big unknown

Automaklers which includes Daimler have been briefly halting motor vehicle assembly in North The us and Europe. How very long for is the major unidentified

There was a glimmer of hope in all the bad news this week – Wuhan, aka Coronavirus Central (many thanks a ton) on Thursday reported no new circumstances, the to start with this sort of report considering that the bug started to take keep very last January. So, potentially, this, or some of this, could be about for the rest of us in two, it’s possible a few, months? Let us hope so. Or it’s

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Adient suspends FY2020 outlook | Automotive Industry News

Adient is suspending its FY2020 outlook owing to international financial uncertainty triggered by the COVID-19 pandemic.

Adient will provide a enterprise update on its 2nd quarter earnings contact, scheduled for May one, 2020.

“The coronavirus pandemic is considerably influencing all industries all-around the planet, including the automotive field the place car or truck creation has been temporarily suspended across Europe and North The united states,” reported Adient president and CEO, Doug Del Grosso.

“Adient is getting aggressive actions to safeguard the health and fitness of our personnel as perfectly as safeguard our enterprise.” 

With eighty three,000 personnel in 35 nations

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Veoneer sees ‘limited’ Q1 virus sales hit | Automotive Industry News

Given rapid changes in the current market brought on by the consequences of the coronavirus outbreak, Veoneer has current indications of its very first quarter 2020 results, present-day company situation and shorter term responses.

It mentioned special health and operational crisis administration teams had been operating due to the fact February and continually.

Initially quarter income ended up expected to see constrained unfavorable impact from the coronavirus outbreak, mostly from the 2nd half of March, and in the vary of US$350m to $370m, such as income from VNBS Asia for January.

Underlying income for January and February ended up stronger

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Ford brings forward summer shutdowns to Easter at plants in UK | Automotive Industry News

Ford suggests it has made the decision to convey forward element of the summer months shutdown time period for its Uk producing functions (engine generation at Bridgend and Dagenham) to the Easter time period. It can be one more sign of the deepening short-time period affect of the COVID-19 disaster on the business and the need to have to modify generation to a great deal decreased marketplace demand.

Ford reported in a statement that it is ‘working closely with all our partners as we navigate through the existing coronavirus effects throughout the world and our company operations’.

Nonetheless, due to

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