Your daily updates around automobile industry
With almost 17 million people already affected by the coronavirus, the automotive industry has also taken a massive hit. The automotive world is witnessing an enormous decrease in sales, with IHS Markit forecasting a possible 22% drop in light vehicle sales year on year. When the COVID-19 epidemic started in China, few expected an outbreak this big. Lockdowns have […]
DETROIT (Reuters) – While U.S. new-vehicle sales in June are expected to decline as much as 30%, research firms on Thursday maintained that retail demand has held up relatively well during the coronavirus outbreak and the question now is whether the industry can rebuild inventories fast enough as demand rebounds. “The fact that retail sales […]
Americans will take 150 million fewer trips this summer because of the coronavirus pandemic, a decline of nearly 15% from last year, according to AAA. However, AAA forecasts people will hit the road this summer in numbers very close to recent years. AAA projects 683 million road trips from July to September. That’s only a 3% decline […]
Matt Blunt, who heads a lobbying group representing the Detroit Three automakers, says the USMCA rules on labor value and regional origin are designed to achieve the Trump Admin.’s objective of boosting U.S. manufacturing. Automakers and suppliers will face challenges once the new U.S.-Mexico-Canada trade agreement takes effect July 1. Matt Blunt, the former governor […]
Screening workers for COVID-19 using temperature scans and questionnaires, the automakers have detected some people who reported for work despite being sick. Some plants have been briefly shut down for disinfection, but so far, there has not been a major outbreak within a U.S. auto plant since most reopened May 18, company and United Auto […]