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Aston Martin CEO Andy Palmer to leave in favor of AMG chief Tobias Moers

Reports suggest an official announcement will be made on Tuesday

The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate. Palmer and Germany's Daimler AG , which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment.

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Americans weary of lockdowns hit the road this holiday weekend

Traffic in some areas is even expected to surpass pre-pandemic levels

Passenger car travel in U.S. beach counties has more than doubled since Easter, according to data by transportation analytics company StreetLight Data. "That's an indication that part of the reason why people are on the move is to go somewhere nice and summery," StreetLight Data Chief Executive Laura Schewel said. While U.S. traffic is still down some 50%, road use has more than tripled since its low point during Easter, when more than 90% of the U.S. population was under some form of lockdown

ETC
Lockdown-weary Americans hit the road to beaches for holiday weekend

Traffic could even surpass levels before the coronavirus lockdown

Passenger car travel in U.S. beach counties has more than doubled since Easter, according to data by transportation analytics company StreetLight Data. "That's an indication that part of the reason why people are on the move is to go somewhere nice and summery," StreetLight Data Chief Executive Laura Schewel said. While U.S. traffic is still down some 50%, road use has more than tripled since its low point during Easter, when more than 90% of the U.S. population was under some form of lockdown

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Nissan could cut 20,000 jobs, as France says 'Renault could disappear'

A downsizing as bad as it experienced during the 2009 recession

Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales. The possible cuts come as Nissan prepares to announce its updated mid-term strategy next week. Nissan declined to comment on the Kyodo report.

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There's an impending shortage of new trucks in America's heartland

Demand for large pickups 'is running incredibly strong'

Jerry Bill is worried the novel coronavirus could hurt business at the Des Moines auto dealership he runs, but not because of a shortage of buyers for the big Ram pickups on his lot. "Our biggest issue will be if we don't get more inventory," said Bill, general sales manager of Stew Hansen Chrysler Dodge Jeep Ram, which sells around 2,700 new vehicles a year in Urbandale, a suburb of Iowa's capital Des Moines. After a drop in sales in April when consumers stayed home, Bill expects pickup truck

Official
Ford briefly stops work at two plants as workers test positive for COVID-19

So far so good for GM and FCA

Ford Motor Co on Wednesday closed two U.S. assembly plants as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker's plan to restart North American production and begin making its most profitable vehicles again. Ford closed its Dearborn, Michigan, plant due to a positive COVID-19 test by one worker, while its Chicago assembly plant was closed due to a parts shortage, Ford spokeswoman Kelli Felker said.

ETC
Volkswagen admits car ad racist, apologizes

'We understand the public outrage at this. Because we're horrified, too'

Volkswagen withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would investigate how it came about and draw consequences. The German car company, which has seen its reputation tarnished in the last five years after it admitted cheating diesel emissions tests, said it did not tolerate any form of racism. German television noted that the hand could be interpreted as making a "white power" gesture

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Harley plans to limit motorcycle models, colors it ships to U.S. dealers

Company will be slow and selective in resuming production

The U.S. motorcycle maker, which closed its U.S. assembly plants in March due to the coronavirus outbreak, may not ship any additional new motorcycles this year to about 70% of its 698 dealers in the country, the report said. Harley would reopen its plants in Wisconsin and Pennsylvania and accelerate production in phases that would be limited to bestselling models and palette of colors and without customizable features for the remainder of the year, the report added. The company has failed for

Official
GM Super Cruise is evolving into Ultra Cruise, for hands-off city driving

Not fully autonomous, but hands-free everywhere, not just highways

GM has a "big team" working on an advanced version of its hands-free driving assistance system, Super Cruise, that will expand its capability beyond highways and apply it to city streets, the automaker's vice president of global product development Doug Parks said Tuesday. GM is also continuing to improve its existing Super Cruise product, Parks said during a webcasted interview at Citi’s 2020 Car of the Future Symposium. "As we continue to ratchet up Super Cruise, we continue to add capabili

Official
Watch as U.S. auto industry springs back to life after lockdown

Workers are nervous, but investors are encouraged

The Detroit Three automakers and their suppliers began restarting assembly lines on Monday after a two-month coronavirus lockdown in a slow revival of a sector that employs nearly 1 million people in the United States. On a chilly and damp Monday morning, hundreds of workers at Fiat Chrysler Automobile's (FCA) truck plant in Warren, Michigan began lining up before 4 a.m. to start the 5 a.m. shift. "I'm a little nervous," said Larry Smith, 53, of New Baltimore, who works on wheel alignment away

Green
Past peak oil? Industry hit by weak demand finally faces threat from electric cars

'Oil and gas companies have got no ability to defeat electricity as a transport fuel'

Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis will help accelerate an electric future. With economies reeling from lockdowns to curb the virus, the sharpest plunge in oil prices in two decades has slashed the cost of filling up a tank of gas, eroding some of the incentive to make the switch to cleaner fuels. Looking ahead, cuts in capital spending forced upon energy companies as their

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Mitsubishi reports an 89% drop in annual profit

Sales were down 9% to 1.13 million vehicles globally

Mitsubishi Motors Corp will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend. The coronavirus crisis has exacerbated Mitsubishi's struggles in a year where Japan's sixth biggest carmaker was already battling falling sales in China and also southeast Asia, its largest market which accounts for one-quarter of sales. Mitsubishi also said on Tuesday it

Official
Official
Uber to focus on core rides, deliveries as it cuts thousands more jobs

3,000 on top of 3,700 earlier this month

Uber will cut about 3,000 jobs, in addition to the 3,700 it had announced earlier this month, Khosrowshahi said, adding that the company plans to reduce investments in several "non-core projects." Khosrowshahi did not directly mention these businesses in his email and a spokesman declined to comment beyond the email. Khosrowshahi said Uber must establish itself as a self-sustaining enterprise no longer in need of outside capital, calling the company's food delivery business Uber Eats the "next

Report
Subaru posts 15.7% rise in fill-year operating profit

'But ... we see many uncertainties related to the virus'

Subaru Corp on Monday posted a 15.7% rise in annual operating profit in the year that ended in March as it recovered from a raft of product recalls last year, but warned that sales of its cars would take a hit from the coronavirus outbreak. Profit rose to 210.3 billion yen ($1.96 billion) for the year just ended, from 181.7 billion yen a year earlier under international financial reporting standards. "We saw a limited impact of the coronavirus on our results for the year just ended,"

Report
GM plans to restart production in Mexico on May 20

But the automaker is still waiting on more information from the Mexican government

General Motors Co is tentatively planning to restart operations at its auto assembly plant in the Mexican city of Silao on May 20, according to a message to workers seen by Reuters on Sunday, as the car industry prepares to exit the coronavirus lockdown. The reopening of the plant would be a positive signal for the auto sector in North America, whose supply lines are highly interconnected between the United States, Mexico and Canada. Workers had previously been told to plan to return to their

Report
Fiat Chrysler seeks $6.8 billion state-backed loan in Italy

Prime Minister Giuseppe Conte said FCA qualifies even though its legal headquarters is in the Netherlands

Italian Prime Minister Giuseppe Conte said on Saturday that Fiat Chrysler was entitled to apply for Italy's state-backed loans because the automaker employs thousands of people in the country, even though its legal base is located abroad. The Italian-American group confirmed on Saturday its Italian unit was working with Rome to obtain state guarantees on a 6.3-billion-euro ($6.8 billion) loan facility designed to help Italy's automotive industry, comprised of approximately 10,000 small and medi

Official
Daimler to idle Alabama Mercedes assembly plant because of parts shortage

Suppliers in Mexico have not restarted from coronavirus shutdown

Official
London to make miles of streets car-free to encourage walking and cycling

It'll help pedestrians, cyclists and Underground riders with social distancing

Cars will be banished from miles of streets in central London to encourage more walking and cycling and help public transport cope with social distancing restrictions, the city's mayor said on Friday. Sadiq Khan said the plan, which covers major cross-town routes, would transform parts of central London into one of the largest car-free zones in any capital city. "COVID-19 poses the biggest challenge to London's public transport network in TfL's (Transport for London) history," he said.

McLaren trying to raise millions by putting its HQ, historic cars up for collateral

Another car company hit hard by the coronavirus

McLaren is looking into various funding options to help the sportscar maker and Formula One team owner negotiate the coronavirus pandemic, a spokesman said on Thursday. Sky News reported that British-based McLaren was seeking to raise up to 275 million pounds ($335.61 million) by borrowing against its Woking headquarters and extensive collection of historic racing cars. It quoted sources as saying McLaren, advised by JP Morgan, could raise the money in the form of new bonds with funding secur

ETC
Renault to cut Espace minivan and other models as, like partner Nissan, it cuts costs

Familiar strategy: "fewer minivans and sedans and a focus on crossovers and SUVs'

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