Coronavirus Lockdown News

The company says 80% of losses in FY 19-20 came from International subsidiaries like SsanYong and Genze.

Mahindra and Mahindra today announced the financial results for the fourth quarter of Financial Year 2019-20. The combined consolidated loss of Mahindra and Mahindra + Mahindra Vehicle Manufacturers Limited stood at Rs. 3,255 crore, as compared to the Rs. 969 crore profit it made in the Q4 of the financial year 2019.

Nissan will not extend the contracts of 248 temporary workers at its British car factory, the Japanese automaker said on Thursday, as the industry struggles with reduced demand amid the coroanvirus outbreak.

Frontline caretakers and essential service providers such as healthcare staff and policemen will be provided special offers to buy Mahindra cars.

Ford Motor Co expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus pandemic shut down the U.S. auto industry for two months, a top executive said on Wednesday.

Vehicle registration for the month of May saw a massive drop of 88.87 per cent in India. According to the report shared by the Federation of Automobile Dealers Associations (FADA), total vehicles registered in May 2020 amounted to 2,02,697 units, as against the 18,21,650 vehicles retailed during the same month last year.

With the program the company aims to take many of its services like battery check up and touch point sanitisation to the customer's doorstep.

Fiat Chrysler (FCA) plans to resume production of its Panda small car at its plant in Pomigliano, near Naples in southern Italy, on June 16, a union representative said on Wednesday.