McLaren Sees Q1 Loss Balloon to $164.3M Due to Pandemic

McLaren Sees Q1 Loss Balloon to $164.3M Due to Pandemic

Super car maker McLaren Group is the latest automaker to highlight how hard the global pandemic has been on the industry, reporting its pre-tax loss in the first quarter jumped to 133 million pounds, or $164.3 million, from just 18 million pounds, or $22.2 million,...
GM Moving to Reopen Plants in Mexico

GM Moving to Reopen Plants in Mexico

General Motors of México began re-opening its plants Thursday after taking what it says are steps to ensure the safety of employees amid the pandemic created by COVID-19. “The well-being and safety of our collaborators have been and will be our highest priority,...
BMW Alters Guidance in Face of Pandemic

BMW Alters Guidance in Face of Pandemic

German luxury vehicle maker BMW revised its guidance for the 2020 financial year downward because of the pandemic, which has stalled the global economy. “The Board of Management of BMW AG noted the measures to contain the coronavirus pandemic are lasting longer in...