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Industry News

Dealers dive into stimulus details as industry takes cautious rescue route

Unlike the Great Recession, when the Detroit 3 initially asked Congress for $50 billion to stay afloat, automakers have avoided direct pleas for a financial rescue. Instead, automakers, dealers and suppliers advocate for broader relief during a public health crisis.. ...

BYD to supply EV parts to rivals

Using a new brand name, FinDreams, Chinas biggest maker of vehicles powered by alternative energy will offer a full suite of electric vehicle components to competitors and aspiring automakers, while aiming to diversify revenue sources amid sputtering car demand. ...

As deaths grow, when to reopen the plants?

Mid-April appears to be the earliest that most North America production could resume, but the deaths of at least eight UAW members at Ford and FCA underscore the worries many workers have about returning to the factory floor. ...

Supplier's first move: Protect employees

Many auto companies waited for customers to start the chain of reaction of production halts, but vehicle software supplier StradVision moved early to protect its chief assets -- its people. ...

Suppliers' factories could aid medical push

Suppliers are scrambling to evaluate what tooling, worker retraining and quality control assurance they need to start producing medical items quickly. ...

Emergency request for ventilators to test auto industry's supply chains

Automakers might seem unlikely candidates to build ventilators for coronavirus victims. But in fact they may be quite well-suited to churn out the highly intricate medical devices that are in critically short supply. ...

Trump signs $2 trillion virus relief bill after House passage

The unprecedented stimulus package provides about $500 billion in loans and assistance for big companies and a separate pot of about $350 billion for small businesses loans. The auto industry did not seek a specific bailout. ...

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