Krystal Hur

When Schumacher Automotive Group in Florida had to furlough employees in March because of the coronavirus pandemic, the group made sure those employees would be taken care of. Since then, the dealership group has taken the entire local community under its wing.

The Toyota-affiliated supplier said the center plans to partner with local universities and companies for its research.

CEO Fred Lissalde, in a better-than-expected quarterly report, said BorgWarner will be building integrated drive modules for Ford's all-electric Mustang Mach-E crossover.

The company reported $1.8 billion of cash and cash equivalents and $2.5 billion of total liquidity. Lear is "aggressively managing costs ... and we are confident in our liquidity position," Lear said.

Jay Chang replaced William Lee, who left Genesis to become CEO of Hyundai's marketing communications company, Innocean.

The South Korean automaker has donated $4.4 million and 65,000 COVID-19 tests so far.

Feeding those is need is a mission of Premier Automotive Group. It turned service lanes at an old dealership into a distribution site for the Food Pantry of New Orleans, and in California, a drive-through food bank has cars lining up by the hundreds.

The Jones Junction dealership group provides meals for the community and store credits to feed shelter animals.

The two global auto suppliers joined several other industry peers that reported major quarterly losses stemming from the coronavirus pandemic.

Honda told employees in Ohio that the decision was due to "difficulty in attracting and hiring the needed amount of associates" during the coronavirus pandemic.

Coronavirus shutdowns bludgeoned the second-quarter results for suppliers Dana, Visteon and Aptiv, but all three companies said they shored up their balance sheets with cost savings measures and maintained adequate financial liquidity.

IHS Markit said the number of light vehicles in operation in the U.S. exceeded 280 million this year. That's an increase of 2 million, or roughly 1 percent, from last year.

When Hyundai Motor America and the National Salute to America's Heroes had to cancel their 2020 Air and Sea Show in Miami Beach, Fla., because of coronavirus concerns, they didn't let it stop them from giving back.

Net sales plunged 51 percent in the quarter as the industry experienced extended shutdowns due to the COVID-19 pandemic.