auto companies - updates

Rappler's latest stories on auto companies

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Fiat Chrysler, PSA mega-merger faces EU antitrust probe

Jun 17, 2020 - 10:40 PM

The European Union is concerned about the effect of the planned Fiat Chrysler-PSA merger on Europe's highly-profitable market for vans

European auto market hit by record sales plunge

May 19, 2020 - 5:45 PM

New car registrations in the 27 European Union markets fall by 76.3% in April 2020

FIAT CHRYSLER. The logos of automobile companies Abarth, Lancia, Fiat, Alfa Romeo, and Jeep are pictured at the entrance to Fiat Chrysler Automobiles at the Fiat Mirafiori car plant in Turin, Italy, on May 27, 2019. Photo by Marco Bertorello/AFP

Car sales in Russia plummet 72% in April 2020

May 12, 2020 - 10:55 PM

Car sales total just 38,922 units across Russia in April 2020, posting the biggest monthly drop since the Association of European Businesses started tracking in 2008

Cars slowly move along a bridge in traffic jam in central Moscow on March 6, 2020. (Photo by Yuri KADOBNOV / AFP)

Virus drives down Toyota profit forecasts

May 12, 2020 - 5:00 PM

Toyota says its operating profit for the fiscal year ending in March 2021 is expected to dive 79.5% as the coronavirus hits the global auto market

MYANMAR PLANT. Toyota will open its first production facility in Myanmar. File photo by  Toshifumi Kitamura/AFP

French court orders Renault plant to halt production over virus fears

May 08, 2020 - 8:15 AM

The court says Renault did not 'ensure the safety of workers in the factory facing the risk linked to COVID-19'

This picture taken on May 7, 2020, shows the plant of French Renault car maker in Sandouville, northern France. - Le Havre judiciary courthouse has condemned on May 7, 2020, French car maker Renault to suspend the return to production in Sandouville after protective measures against the COVID-19 (novel coronavirus) were considered insufficient. (Photo by Lou BENOIST / AFP)

General Motors profits dive, aims to reopen U.S. plants May 18

May 07, 2020 - 6:45 AM

United States auto giant General Motors reports that earnings plunged 86% to $294 million in the 1st quarter of 2020

ASSEMBLY LINE. General Motors vehicles go through the assembly line at the General Motors Lansing Delta Township Assembly Plant in Lansing, Michigan, on February 21, 2020. File photo by Bill Pugliano/Getty Images/AFP

Coronavirus deals harsh blow to BMW in Q1 2020

May 06, 2020 - 3:45 PM

BMW sells 21% fewer cars year-on-year at 477,000 in the 1st quarter of 2020

BMW. The car company's logo in front of a dealership building in Prague, Czech Republic, on March 31, 2017. Photo from Shutterstock

Fiat Chrysler, PSA retain merger target date

May 05, 2020 - 8:20 PM

'Notwithstanding these unexpected and unprecedented times, FCA and Groupe PSA remain committed to our 50/50 merger,' says Fiat Chrysler

MERGER. This combination of file pictures shows the logo of Italian auto maker Fiat and the Peugeot logo. Photos by Marco Bertorello and Joel Saget/AFP

Hyundai Motor Q1 net profit drops 42%

Apr 23, 2020 - 7:30 PM

Hyundai's net profit for the 1st quarter of 2020 falls to 552.7 billion won ($448 million) because of the coronavirus pandemic

Virus hurts Renault Q1 sales

Apr 23, 2020 - 4:30 PM

Renault's sales in January-March 2020 fall to 10.1 billion euros ($10.9 billion), a drop of 19.2% from the same period a year ago

RENAULT. The Renault headquarters in Boulogne-Billancourt, France, on November 19, 2018. File photo by Eric Piermont/AFP

Slow restart for Toyota factory in French virus lockdown

Apr 22, 2020 - 9:00 AM

Toyota's site in Onnaing is the first car plant to reopen in France during the lockdown, with protective measures in place

An employee of Toyota company works on an assembly line on April 21, 2020 in Onnaing, northern France, during the partial resume of the production at the automotive site, amid the spread of epidemic COVID-19. (Photo by FRANCOIS LO PRESTI / AFP)

Peugeot-Citroen sees sales tumble by 30%

Apr 21, 2020 - 3:45 PM

PSA Group sells 627,000 vehicles in January-March 2020, compared to nearly 886,000 vehicles during the same period in 2019

Volkswagen agrees 620-million-euro payout to German 'dieselgate' victims

Apr 20, 2020 - 8:30 PM

Owners will shortly receive a binding agreement from Volkswagen and have two weeks to review the offer before the money is paid out from May 5

VOLKSWAGEN. A worker stands on a scaffold lift, under a giant Volkswagen logo at Volkswagen's original headquarters building in Germany, on September 30, 2015. File photo by John Macdougall/AFP

Virus lockdowns send European car sales down 55%

Apr 17, 2020 - 4:30 PM

All carmakers suffer, but Fiat Chrysler sees the worst drop in March 2020 as it is heavily dependent upon its home market of Italy

FIAT CHRYSLER. The logos of automobile companies Abarth, Lancia, Fiat, Alfa Romeo, and Jeep are pictured at the entrance to Fiat Chrysler Automobiles at the Fiat Mirafiori car plant in Turin, Italy, on May 27, 2019. Photo by Marco Bertorello/AFP

Audi Hungary plant begins tooling up after 3-week production halt

Apr 14, 2020 - 7:40 PM

(UPDATED) 'Now the most important task for the company is to prepare for continuing complete vehicle production despite the critical situation,' says Audi Hungary head Alfons Dintner

An employee works on an Audi A3 car in the new factory at Gyor on June12, 2013 as the factory is inaugurated. The CEO of the Volkswagen Group, Martin Winterkorn, and the CEO of the Audi Group, Rupert Stadler, gave the official starting signal for the production of the Audi A3 Sedan together with Hungary’s Prime Minister Viktor Orban. The company invested a total of more than 900 million euro in infrastructure, buildings and innovative production equipment. AFP PHOTO / STR HUNGARY OUT (Photo by STR / AFP)

PSA seeks to shift Fiat Chrysler merger into high gear

Apr 10, 2020 - 12:40 AM

PSA Group and Fiat Chrysler Automobiles need the merger in view of the heavy investments that must be made in electric cars

Daimler to restart German factories from April 20

Apr 08, 2020 - 11:45 PM

Daimler finance chief Harald Wilhelm says the coronavirus 'heavily impacts sales on a global scale,' but the automaker is well positioned to weather the blow

DAIMLER JOB CUTS. The company logo of German carmaker Daimler and Mercedes-Benz is pictured before the annual shareholders meeting in Berlin on March 29, 2017. File photo by Tobias Schwarz/AFP

BMW in dash for cash as German car sales plummet

Apr 03, 2020 - 9:30 PM

'Circumstances as serious as this can threaten the existence of even a large company,' says BMW boss Oliver Zipse

BMW. The car company's logo in front of a dealership building in Prague, Czech Republic, on March 31, 2017. Photo from Shutterstock

Automakers report lower Q1 U.S. auto sales on virus hit

Apr 02, 2020 - 8:15 AM

'Further historic declines' in United States car sales are likely in April as well

VOLKSWAGEN'S DIESELGATE. A Diesel Volkswagen that the company bought back from consumers is loaded on a trailer in the parking lot of the Pontiac Silverdome on August 4, 2017 in Pontiac, Michigan. File photo by Jeff Kowalsky/ AFP