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

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.

Mexico's automakers and parts suppliers, citing a lack of clarity about content rules that would allow companies to adjust supply chains, as well as disruptions caused by the coronavirus pandemic, are lobbying for key rules in the new North American trade pact to be implemented in 2021 instead of June 1 as scheduled.

The Japanese conglomerate, a key shareholder in Mitsubishi Motors, could take the stake as part of wider restructuring plans at the Renault-Nissan alliance that could also include plant closures.

The move is part of a range of measures to shore up the financial muscle of the maker of Mercedes-Benz cars and trucks during the coronavirus crisis.

The two Tesla staffers had been working from home for almost two weeks and were not symptomatic when they were in the office, according to the internal memo. 

The partnership is twofold: ZF will support TuSimple's preproduction systems starting in a matter of weeks, and the companies will then work toward building automotive-grade cameras, lidar, radar, steering and computing systems.

French press reports said the coronavirus economic fallout has called into question the financial terms of the merger between the two automakers.

Volvo Car Group, which has been forced to idle plants in China, the U.S. and Europe, scaled back financial guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighs on business.

Yoichi Yokozawa, who led the unit in 2011-14, will assume the role once travel restrictions to the U.S. are lifted. Diaz departs after two years at the North American helm.