Dealers seek guidance on business loans as showrooms shutter

Honda will design the interior and exterior for the two vehicles, which will use GM's global EV platform, be assembled at GM plants in North America and offer a Honda-branded version of GM's Super Cruise driver-assist technology.

About 1.8 million consumers are scheduled to return their leased vehicles from March through July, according to J.D. Power. Aggressive retail incentives could convert many lease buyers to finance.

An executive said the company received an initial batch of 30,000 bottles of cleaning spray and that select drivers could place an order in the app and receive a free shipment. The ride-hailing company will prioritize drivers in areas most affected by the coronavirus outbreak.

BYD Co. reported a 42 percent drop in annual earnings, with the electric vehicle maker getting hit by an industrywide slump in the world’s biggest EV market.

The Swedish airbag supplier also drew the remaining $600 million from an existing credit line to shore up its cash position, after tapping $500 million last month. 

Ford's discussions about cash for clunkers are internal for now but are eventually expected to involve the government, sales chief Mark LaNeve said. 

CEO Ola Kallenius and members of Daimler's management board will take temporary 20 percent compensation cuts while high-level executives will see a 10 percent reduction. The automaker also signed an agreement for a $13 billion credit line to increase financial flexibility during the coronavirus crisis.

The used-vehicle retailer's fiscal year ended just before the coronavirus pandemic began wreaking havoc on the U.S. economy.

Unlike past Tesla offerings, early versions of the Model Y are rolling off the assembly line looking more like what you would expect from a company with a handle on the finer points of car building, according to a leading engineering expert. 

State-owned GAC expects vehicle sales in China to rise 3 percent this year despite an anticipated industrywide drop of 10 percent.