Tag Archives: Kenneth Zino

Penske Automotive to Hold Audio Annual Meeting

Stockholders will not be able to attend the Annual Meeting in person; however, stockholders will be afforded the same rights and opportunities to participate as they would at an in-person meeting. Only stockholders of record at the close of business on March 17, 2020 are entitled to vote at, or attend, the Annual Meeting. Penske Automotive did not immediately respond to whether this means no media access. Continue reading

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Global Unions Want COVID-19 Dubbed Occupational Disease

The global union movement says workers need official recognition of COVID-19 as an occupational disease. Such recognition would ensure the right to worker representation and occupational safety and health (OSH) rights and the application of agreed measures to reduce risk. These rights include the right to refuse to work under unsafe working conditions. This also ensures employers are responsible and liable and that negligent employers are subject to the application of penalties. Continue reading

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BMW Welt in Munich to Reopen on 4 May

Customers can therefore again take delivery of their new BMW in person at BMW Welt. In addition, a limited number of visitors can get personal advice on new vehicles in the BMW Welt showrooms or visit the BMW Welt Lifestyle & Accessory Shop to purchase from a wide range of BMW and MINI branded products. Continue reading

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Porsche Production to restart in Zuffenhausen and Leipzig

However other stricter Porsche measures remain in force until further notice to relieve the burden on the infrastructure at the sites: this means that the greatly increased level of “mobile working” will continue in the indirect areas, and meetings will be held as video or telephone conferences. The ban on business travel also continues to apply. Continue reading

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Daimler Q1 2020 Net Profit Down -92% at €168m from €2149  

Daimler says it responded to the “temporary drop in demand” caused by the Covid pandemic by proactively taking production stoppages in March and April. The net liquidity of the industrial business decreased to €9.3 billion at the end of first quarter, compared to €11.0 billion at year-end 2019. The decrease is particularly due to the negative free cash flow of the industrial business. Continue reading

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Ford Motor Posts -$2 Billion Q1 Loss

“We’ve taken decisive actions to lower our costs and capital expenditures and been opportunistic in strengthening our balance sheet and optimizing our financial flexibility,” claimed Tim Stone, Ford’s CFO.

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Lincoln MKZ Recalled for Bad Replacement Headlights

However, the dealers were “unaware” that the units did not comply with U.S. Federal Motor Vehicle Safety Standards, including for headlamp beam patterns, illuminated side markers, horizontal adjustments and U.S. Department of Transportation markings. Ford did not say where the headlamps were made or who made them.  Continue reading

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Toyota Group in Full Production of Medical Face Shields

Based on a policy to be “mindful of the feelings of those in the midst of this pandemic, reach conclusions more swiftly, make prompt decisions, and take immediate action faster than ever focusing on safety and security as the highest priorities,” Toyota and Toyota Group companies will do what they can to help efforts on the front-lines of treatment and in limiting the further spread of COVID-19, which has become society’s biggest priority. The Trump Administration in its daily grievance propaganda confrontational sessions expresses no such emotions about the plague victims in the US. Continue reading

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Toyota and FAW Restructure Their Joint Company Management

AutoInformed thinks this really is a giant step toward eliminating Germany luxury car makers as the brands of choice in the Chinese market with a Chinese brand with electric, sports and luxury cars. Continue reading

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Infiniti: 0% Financing, 90-Day Deferred Payments

Effective immediately, Infiniti Financial Services is offering well-qualified buyers zero percent APR financing for up to 72 months on any 2020 Infiniti model, and will defer payments for 90 days. This offer is available through June 30, 2020. Continue reading

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Bentley Motors – Chinese Dealers Open With First Flying Spur Deliveries

Flying Spur has Electronic All-Wheel Steering, coupled with Active All-Wheel Drive and Bentley Dynamic Ride. Power comes from a version of Bentley’s 6.0-litre, twin-turbocharged W12. Continue reading

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FCA Restarts Production at Sevel Italy?

In the coming days, training on safety standards will be made available via e-learning, standard internal communications channels and by sector managers with the support of specialized medical personnel. Continue reading

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COVID-19 – 2020 Pebble Beach Concours d’Elegance Cancelled

With the cancellation of this year’s event, the 70th Pebble Beach Concours will now take place on Sunday, August 15, 2021. Continue reading

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GM Canada Plans to Make Face Masks in Oshawa

“We plan to manufacture approximately one million masks per month at cost for the Canadian government with an estimate of 50 employees supporting two shifts of production. The project still requires completion of additional work with our governments and our Unifor partners and we will provide updates as we get ready to begin production,” GM Canada said in a statement. Continue reading

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March EU Commercial Vehicle Registrations -47.3%

Every vehicle segment was deeply affected by the fallout of the COVID-19 outbreak. All 27 EU markets recorded substantial declines last month. The strongest drops were posted by Italy (-66.1%), Spain (-64.4%) and France (-63.1%). Continue reading

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