Allstate CEO Thomas Wilson said driving began to fall dramatically beginning in the third week of March and is down around 35% to 50% depending on the state. “People stopped driving pretty much on their own,” he told CNBC.
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Here’s how Tesla stock swings 18% higher, trader says
Tesla opened strongly higher Monday. The stock was up more than 5% at midmorning after Jefferies upgraded it to buy on the company’s leadership in the electric-vehicle market.
GM offers manufacturing blueprints for face masks to 600 auto parts suppliers amid virus pandemic
In a note to the companies Saturday, Shilpan Amin, GM’s vice president of Global Purchasing and Supply Chain, said it is making the company’s step-by-step manufacturing plans for such personal protective equipment available to anyone willing to join in the cause.
Tesla is dismissing contractors from its California and Nevada factories, sources say
Tesla is letting go of contract workers from its U.S. car and battery plants after health orders to curb the COVID-19 pandemic forced it to wind down new vehicle production.
AutoNation, other public dealer groups furlough thousands of workers due to coronavirus
Automotive retailers are cutting executive pay and laying off or furloughing thousands of workers as U.S. auto sales plummet amid the coronavirus pandemic.
How Detroit automakers are creating a new ‘arsenal of health’ to cope with growing coronavirus pandemic
Ford’s COVID-19 efforts are codenamed “Project Apollo.” General Motors is executing “Project V” and “Project M.” They come nearly 80 years after the companies responded to President Franklin Roosevelt’s call to arms during World War II.
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