THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
The COVID-19 pandemic may wipe out some of the United Kingdom’s car production output for 2020 by 200,000 units, according to the Society of Motor Manufacturers and Traders (SMMT).
Ford has extended how long its plants in the U.S., Canada, and Mexico will remain closed.
The automaker plans to use $1 billion of the investment in upgrades to the Wentzville, Mo., truck plant, including new machines, conveyors, controls, and tooling.
General Motors will invest $20 million in its Arlington Assembly plant in Texas, which will fund upgrades for a new full-size SUV it plans to built at the plant, the company has announced.
Ford is expanding its capacity to produce more Expedition large SUVs, a next generation of battery-electric vehicles, and its autonomous vehicles in 2021 as part of a significant realignment of resources, the company has announced.
Vehicle production in Brazil rose by almost 30% in February, which was heavily bolstered by the production of trucks, which led the way with a 41.4% growth.
Volkswagen Group boosted development of electrified vehicles, announcing that the company will develop 70 battery-electric models by 2025. Previously, Volkswagen had said it would produce 50 battery-electric vehicles by 2023.
Nissan will invest $160 million toward a new vehicle production plant in Algeria to meet growing customer demand across Africa and produce commercial vehicles.
General Motors will invest $1.3 billion toward vehicle production in Brazil, an announcement that followed the automaker's tentative plans to invest more than $2.73 billion in the Brazilian market over the next several years.
President Donald Trump has ordered an investigation to determine whether to impose new tariffs on imported light-duty vehicles and parts following a tweet promising "big news" for the auto industry.