Month: March 2020

The U.S. is galloping toward a recession spurred by the coronavirus outbreak. But this time, dealers say automaker and captive lender partners have responded to the financial crisis much quicker than they did to the last one. Dealer impact from the pandemic, according to auto finance experts, appears to be a combination of the upending
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PARIS — Renault may seek French government guarantees to bolster its finances in the face of the coronavirus crisis, but a renationalization of the automaker is not being considered, Chairman Jean-Dominique Senard told Le Parisien newspaper. “We may seek state guarantees like other companies,” Senard was quoted as saying by the French daily. Invoking the
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TOKYO — For Japan’s biggest automaker, the 2020 Tokyo Summer Olympics has been a five-year, about $1 billion bet on showcasing the company and its technology to the world. But speculation is mounting here that the games will be postponed, or even canceled, because of the COVID-19 pandemic. If so, Toyota Motor Corp. might be
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Social distancing measures implemented to slow the spread of coronavirus have forced most museums to close down indefinitely. But the Petersen Automotive Museum is trying to keep things going with a series of videos and livestreams. If you’re in need of something to distract—and also educate—your kids, the museum has put together a video history
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For most drivers, differentiating between the brake and accelerator pedals isn’t particularly difficult. The brake is on the left and the throttle is on the right. Despite this, crashes triggered by drivers getting the two confused are all too common and this dashcam video shows such a crash recently happening in the U.S. This clip,
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For some of BMW’s U.S. dealers, the brand’s luxurious 8 Series coupe has turned from halo sports car to financial headache. Retailers complain the car has received inadequate marketing support, while an abundance of configurations have left some dealership lots with unsold inventory of the high-value model, putting pressure on floorplan expenses. The 8 Series
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. https://electrek.co/wp-content/uploads/sites/3/2020/03/Quick-Charge-3.21.20.mp3 New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast
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MEXICO CITY — Volkswagen will temporarily close its factories in Mexico’s Puebla and Guanajuato states amid growing worries over the spread of the coronavirus. Nearly all light vehicle production in North America is being idled for at least several days amid the crisis and its associated impact on vehicle sales. The shutdowns also will be
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The auto retail industry is fighting a tug of war between protecting customers and employees from the deadly coronavirus and doing its part to keep the economy afloat. Industry trade groups have been working to convince policymakers that dealerships are vital to the American economy and customers’ safety and should therefore remain open. Americans need
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MOSCOW — Russia’s largest carmaker, AvtoVAZ, plans to keep building cars despite the first two cases of the coronavirus among its workers. “The situation is under control. Everything is working, is on schedule,” a company spokesman said on Saturday. AvtoVAZ produces Lada cars. Renault holds a controlling 68 percent stake in the automaker. AvtoVAZ’s factory
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Audi may be planning a new variant of the R8 inspired by the Nürburgring. The German automaker recently trademarked “R8 Green Hell” with the European Union Intellectual Property Office, referencing the ‘Ring’s famous nickname. The trademark, first spotted by Automobile, isn’t ironclad proof of a new model. Automakers often apply to trademark names without having
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Honda’s timing to bring the hybrid version of its popular CR-V compact crossover to America was looking pretty good right up until a few weeks ago. After receiving mostly positive reviews following its introduction in Europe last year, the Japanese brand’s first electrified crossover was ready to do battle with the redesigned Ford Escape Hybrid
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General Motors and the UAW have reached an agreement that will allow the automaker to continue delivering service and repair parts, despite parts facility shutdowns during the coronavirus pandemic. “While today will be our last day of normal operations for GM Customer Care and Aftersales, GM and the UAW have reached an agreement that will
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After a big Michigan furniture retailer abruptly went bankrupt, a Detroit-area dealership group offered to help some of the thousands losing their jobs go from selling tables and chairs to Tahoes and Cherokees. LaFontaine Automotive Group last week held a hiring day specifically for employees of Art Van Furniture Co., which began liquidation sales at
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Nearly 91 percent of franchised new-car dealerships in China have reopened despite the lingering coronavirus outbreak, but showroom traffic remains at just 53 percent of normal levels, a major trade group said. The latest survey by the China Automobile Dealers Association, which covers 8,393 franchised dealerships across China, shows showroom traffic varies widely among brands. 
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The 2020 Volkswagen Arteon is a spacious, stylish choice, though its price is high. For those turned off by the idea of a crossover SUV, the 2020 Volkswagen Arteon stands at the ready. The stylish, sporty hatchback boasts a spacious cargo hold, upmarket features, and impressive handling. All of that comes at a price, though:
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TOKYO – Toyota Motor Corp. has sent home a small group of workers and disinfected work sites at its Takaoka assembly plant in Toyota City after a worker there tested positive for the coronavirus. The automaker said it opted to continue production at the plant because it has taken appropriate countermeasures to ensure the health
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