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Category Archives: economy
Rolls-Royce Motor Cars to Suspend Production
In order to further secure the health and welfare of the employees of the company this suspension will be followed by an already-planned two-week Easter maintenance shutdown. Continue reading
Posted in economy, environment, people
Tagged auto industry commentary, autoinformed.com, goodwood, Kenneth Zino, Rolls-Royce Motor Cars
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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
Posted in economy, environment, people
Tagged auto industry commentary, autoinformed.com, COVID-19, Kenneth Zino, leipzig, porsche, Zuffenhausen
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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
Posted in economy, environment, people
Tagged Agnelli Family, auto industry commentary, autoinformed.com, Kenneth Zino
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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
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
Posted in economy, environment, manufacturing, people
Tagged auto industry commentary, autoinformed.com, COVID-19 Pandemic, daimler, Kenneth Zino
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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
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
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
Posted in economy, environment, manufacturing, people
Tagged auto industry commentary, autoinformed.com, COVID-19, ferrari, Kenneth Zino, Scuderia Ferrari
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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
Posted in economy, marketing
Tagged auto industry commentary, autoinformed.com, COVID-19, Genesis, hyundai, Job Loss Protection, Kenneth Zino
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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
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
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
Porsche Proposes 41% Dividend Rise at May Annual Meeting
The increase in Porsche SE’s proposed dividend is disproportionately higher than the increase in result. This growth come from the dividend proposal of Volkswagen AG, which increased the payout rate to 24.5%, after 20.4% in the prior year. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed.com, COVID-19, Kenneth Zino, Porsche SE dividend
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COVID-19: Globally – Ford Motor Employees to Work Remotely
“In recent days, though, we concluded the issue has taken on a different dimension,” said Ford, “ and (we )are continuing to act in real time to keep our people safe and help limit the spread of the virus in communities where we live and work… Continue reading
Ford Stops North American Production
The UAW had urged immediate closings this past weekend, but Ford executives refused to do so during the formation of a Coronavirus Task Force along General Motors and Fiat Chrysler management. Continue reading →