Monthly Archives: March 2020

eNASCAR iRacing Pro Invitational Series to Bootup

The multi-week series will kick off Sunday, March 22 at 1:30 p.m. ET on the virtual Homestead-Miami Speedway. The remaining race and broadcast details will be announced at a later date.
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GM Announces Significant Male Executive Changes

Tsien began his professional career at Delco Electronics in 1976 as an electrical engineer, where he designed and released embedded software for automotive applications and led advanced work in navigation and telematics. Continue reading

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Porsche Stops Production Due to The Coronavirus

In addition to suspending production, Porsche has decided on a number of “intensified” measures: there is a ban on business travel, for example, ‘mobile working’ has been greatly extended, and meetings will now take place only by video or conference calls. Continue reading

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Volkswagen Group Closes 2019 Books

The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group. Currently, it is almost impossible to make a reliable forecast. Continue reading

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COVID-19 – Agnelli Companies Respond to the Crisis

In a statement issued today in response to the COVID-19 pandemic, the Agnelli Family and its Companies have put in place a series of measures, in coordination with the Italian Civil Protection Department. Continue reading

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China – Future Export Base for Global Markets?

Although export volumes were stable in the last two years, the sector has experienced significant structural shifts. In 2019, non-Chinese brands accounted for 38% of the export market, compared with 30% in 2018. Data for 2010 and 2016 show that overseas OEMs accounted for just 11% and 19% of China’s exports, respectively. These figures, says LMC,  indicate the growing proportion of vehicles built in China by foreign automakers being shipped overseas. Continue reading

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COVID-19- Daimler Stops Most Production in Europe

Given the ongoing spread of COVID-19, the economic effects on Daimler cannot be adequately determined or reliably quantified at this time. Continue reading

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COVID-19 – Ford Suspends European Production

While it is hoped this action will only be required for a short period, the exact duration depends on a number of factors. Continue reading

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COVID-19: UAW, GM, Ford, FCA to Improve Protection for Manufacturing and Warehouse Workers

In a joint statement, GM, Ford and FCA said, “This is a fluid and unprecedented situation, and the task force will move quickly to build on the wide-ranging preventive measures we have put in place. We are all coming together to help keep our workforces safe and healthy.” Continue reading

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Ferrari Stops Production in Maranello and Modena

Ferrari says it is now experiencing the first serious supply chain issues, which no longer allow for continued production. Continue reading

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Hyundai Revives Job Loss Protection. Genesis Joins

Originally started in January 2009 as a result of the financial crisis, the Hyundai Assurance Job Loss Protection program was the first of its kind for an automaker in the U.S. Continue reading

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COVID-19 – Large Holes in US Social Safety Net on Paid Sick Leave as Social Distancing is Mandated by President Trump

The U.S. and South Korea are the only two countries in the Organization for Economic Cooperation and Development where paid sick leave is not guaranteed, according to a 2018 report from UCLA’s World Policy Analysis Center. Continue reading

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Chinese Junk Watch: Exploding Yamaha Wireless Guitar Amp

“The lithium-ion battery can overheat, and the battery cover can separate with force,  posing fire and injury hazards.” (This appears to be an explosion – editor) Continue reading

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SEC Sets Guidelines for Virtual Annual Shareholder Meetings

Affected parties can announce in filings made with the SEC the changes in the meeting date or location or the use of “virtual” meetings without incurring the cost of additional physical mailing of proxy materials.  Continue reading

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Trump Declares COVID-19 National Emergency

This means that he is correcting or allowing to come about what were his previous misstatements this week. Continue reading

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