Tag Archives: COVID-19

Goodwood Festival of Speed Postponed

Posted on 26 March 2020 by Ken Zino

Plans for the Goodwood Revival will continue to be reviewed, in the hope that the event will be able to go ahead as planned on September 11-13. A new date for the postponed 78th Members’ Meeting is also being reviewed. Continue reading →

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Ford to Restart Production at North American Plants?

Posted on 26 March 2020 by Ken Zino

Since Michigan is currently running out of hospital beds and testing remains limited to non-existent, this is a high risk strategy that could increase the spread of the sickness and the death tally of the COVID-19 pandemic. Continue reading →

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Ford to Delay N.A. Plants Resuming Production

Posted on 24 March 2020 by Ken Zino

“In light of various governments’ orders to stay and work from home, Ford is not planning to restart our plants in the U.S., Canada and Mexico on Monday, March 30 as originally hoped.” Continue reading →

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Ford Stops Production in India, South Africa, Thailand and Vietnam

Posted on 23 March 2020 by Ken Zino

Ford is changing its original IMG production schedule and will temporarily suspend production market-by-market. Continue reading →

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Cooper Tire Stops Manufacturing in the Americas

Posted on 22 March 2020 by AutoCrat

Cooper Tire & Rubber Company today announced it will shut down its tire manufacturing facilities in the United States and Mexico to protect the health and safety of employees and respond to market demand that has been declining by the coronavirus pandemic as the U.S. heads into a recession. Continue reading →

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Concorso d’Eleganza Villa d’Este Delayed to October 2020

Posted on 20 March 2020 by Ken Zino

BMW will continue to monitor the development of the spread of the coronavirus and expects a final confirmation this June. Continue reading →

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Ford Motor Company Stops South American Production

Posted on 20 March 2020 by Ken Zino

Effective from 23 March in Brazil and 25 March in Argentina, this action “adjusts the production volumes to the lower consumer demand due to this unprecedented situation.” Continue reading →

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General Motors to Stop North American Production

Posted on 18 March 2020 by Ken Zino

General Motors executives have finally done the sales and public health math and listened to the UAW and Unifor labor groups and confirmed it will begin a systematic suspension of manufacturing operations in North America due to market conditions and to deep clean facilities and continue to protect people. The suspension will last until at least March 30. Production status will be reevaluated week-to-week after that. Continue reading →

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Porsche Stops Production Due to The Coronavirus

Posted on 18 March 2020 by Ken Zino

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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COVID-19 – Ford Suspends European Production

Posted on 17 March 2020 by Ken Zino

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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Ferrari Stops Production in Maranello and Modena

Posted on 16 March 2020 by Ken Zino

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

Posted on 15 March 2020 by Ken Zino

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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SEC Sets Guidelines for Virtual Annual Shareholder Meetings

Posted on 13 March 2020 by Ken Zino

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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Porsche Proposes 41% Dividend Rise at May Annual Meeting

Posted on 13 March 2020 by Ken Zino

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 →

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Daimler Postpones Annual Shareholders’ Meeting

Posted on 13 March 2020 by Ken Zino

Daimler said in a statement just issued that the worldwide spread of the coronavirus ( aka COVID-19 or SARS-CoV-2) as well as The Robert Koch Institute and the responsible health authorities in Germany are assuming that the number of infections will increase significantly in the coming weeks. Continue reading →

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