How one Ford dealer navigated a COVID-19 outbreak

A shake-up of Aston Martin's management team will lead to the departure of CEO Andy Palmer, the Financial Times reported.

The Chapter 11 filing allows Hertz to keep operating while it devises a plan to pay its creditors and turn around the business. The action includes the company’s U.S. and Canadian subsidiaries, but doesn’t cover Europe, Australia and New Zealand.

Part of the former general sales manager's suit alleges that he was terminated because he complained that Rusnak/Audi Pasadena wasn't taking COVID-19 seriously and was advocating "business as usual" practices, in violation of government guidelines. The auto group denies the allegations and says it has closely followed health and safety protocols.

Chemical giant Dow Inc., in Midland, Mich., said "business continuity plans are in place to ensure customer needs are met."

Five automakers that announced separate agreements with California on fuel economy standards in 2019 are not participating in the legal intervention.

The Original Equipment Suppliers Association has named Francoise Colpron as chair of the trade group's board of directors. Colpron, group president of French supplier Valeo's North American unit, was the association's vice chair since November.

Park Place Dealerships will acquire Aston Martin Dallas from the John Eagle Auto Group, the company said Thursday. The deal is expected to close within the next 90 days.

The potential reduction would be  much larger than the 12,500 staff cuts Nissan announced in the middle of 2019. Nissan has been in turmoil since the November 2018 arrest of former Chairman Carlos Ghosn.

Most U.S. states haven’t fared as well as Alabama this year when it comes to selling into the world’s second-largest economy.  More than half saw merchandise exports to China fall this year compared with the first quarter of 2019.

The issue will improve Ferrari’s liquidity to about $2.2 billion. The supercar maker has fared better than others during the coronavirus crisis.