COVID-19 is ruining the timing for eagerly awaited new models

The Canadian auto supplier says it first needs to find a specialized “Level 3” lab that’s willing to test the device to ensure it works against the coronavirus.

After President Trump lashed out at the company, as well as Ford, to ramp up output of the devices to help treat COVID-19 patients, GM and partner Ventec said they will be able to build more than 10,000 ventilators a month, depending on government needs, at an Indiana plant. Trump said Health and Human Services Secretary Alex Azar would determine the number of ventilators GM must produce.

Among the options being discussed by the company and banks led by Barclays Plc are a first-lien loan, second-lien financing or collateralizing the company’s vehicle fleet, Bloomberg reported. Hertz has also asked the U.S. Treasury Department for a loan.

VW is not generating sales or revenue outside of China and may have to cut jobs if the coronavirus pandemic is not brought under control, CEO Herbert Diess told a German television station.

BMW, Ford, Toyota, Nissan and Honda had their credit ratings downgraded by Moody's while GM, VW, Daimler, PSA and Renault were put under review.

The Korean automaker said Ho-sung Song's first task will be to steer a shift toward electric and autonomous vehicles through a $25 billion investment blitz. He takes the reins April 1 from Han-woo Park, who will stay on in an advisory role.

The move comes after its battery partner Panasonic said it would scale down operations at the Nevada factory this week before closing it for 14 days.

Japan’s biggest automaker has the strongest credit profile among the country’s car manufacturers but its cost of credit is going up after Moody’s cut the company's rating. Toyota is talking with two banks on the matter, Kyodo News and Bloomberg reported.

The Canadian supplier said it has $1 billion in cash and $3 billion in readily available credit as it's forced to idle some operations due to the coronoavirus pandemic. French supplier Faurecia also abandoned its financial guidance.

The death of a man employed by FCA Transport in Sterling Heights, Mich., marks the fourth coronavirus-related death of a UAW member working at Fiat Chrysler.