Pirelli CEO Marco Tronchetti Provera doesn't see Brembo purchasing a stake in his company as a hostile move.
Pirelli shares are trading close to their lowest level since the tiremaker last went public in 2017.
Carmakers in Europe are in need of immediate support from the EU and its member states.
GM estimates that it can produce 1.5 million masks per month once at full capacity.
J.D. Power expects 7-year car loans to become more popular than 6-year loans during the coronavirus crisis.
The Chinese government is also being called on to help boost car sales.
Germany is bracing for long-lasting impacts from the coronavirus and its auto industry won’t emerge unscathed.
Tata's board will subsidiarize the passenger vehicles business, including EVs, into a separate subsidiary.
As presently structured, Mitsubishi Corp holds a 20 percent stake in Mitsubishi Motors.
The Trump administration wants to unveil the final rules ahead of the April 1st deadline.
Sadly, the deaths bring the number of COVID-19 fatalities among FCA employees up to three.
Porsche dealers are guaranteed their marketing and customer satisfaction bonus for the first half of 2020.
General Motors is also withdrawing its 2020 financial guidance, just like Ford did last week.
Michigan is expected to issue a lockdown order later today.
Tesla will stop making cars at Fremont at the end of May 23.
Despite the county's lockdown order, production at Tesla's Fremont factory hasn't stopped .
Alameda County said Tesla’s plant is a "non essential business" and therefore has to stop making cars.
Despite the "shelter in place" lockdown order, Tesla's Fremont factory was deemed "essential business".
Europe's largest automaker will shut down its European factories for two to three weeks.