Automotive Industry Eyes Slow Recovery

After a long-winded lockdown, U.S. auto-manufacturers are finally reopening. 

The move to reopen comes with debate, however; for example, Tesla Inc (NASDAQ: TSLA) CEO, Elon Musk, sued Alameda County, California and threatened to move the company’s headquarters to another state after he encountered resistance against a decision to restart assembly.

Now that most other U.S. carmakers such as General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), and Fiat Chrysler Automobiles N.V. (NYSE: FCAU) are returning, sights are back on the supply and demand dynamics of the recovering market.

The following is a look at the challenges that lie ahead. 

Pandemic Deals A Heavy Blow

From 2.62 million units in February, U.S. car production in March dropped to 1.7 million, with European output falling at least 1.2 million by late April.

The WTO estimated that U.S. auto sales were almost 40% off in March after 

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With Lawrence Stroll And Formula One, A New Era For Aston Martin Comes Into Focus

This historic brand has a shot at realizing an exciting future.

The foundation of one of Britain’s most iconic brands came as a result of fairly unlikely circumstances. An only child born into a well-to-do family in 1878, Lionel Martin was obsessed with anything on wheels from an early age, first directing his attention to bicycles before turning to the automobile as the new invention grew in popularity toward the turn of the century.

By 1909, Martin’s penchant for four-wheeled performance had earned him enough face time with the local constabulary to warrant a two-year driving ban. He returned to bikes both as a means of transport and a competitive hobby, and it was during this time that he met fellow cycling enthusiast Robert Bamford.

The Future Of Aston Martin:

An engineer by trade from a working-class family, Bamford was also infatuated with these new motorized machines, and the two

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Ford and Lincoln cancel once upcoming Rivian tech-powered SUV

Ford and its luxury vehicle division Lincoln told Automotive News that the all-electric SUV that was in development based on a Rivian platform has been cancelled due to COVID-19.

As the COVID-19 risk remains high across the world and businesses struggle to stay afloat as the global economy suffers the side effects of international lockdowns and stay-at-home orders, the automotive industry is among those which have been affected the most by the outbreak: entire production plants have been shut down, car shows have been cancelled, and sales have sharply declined as people continue to social distance. This week Ford and Lincoln announced that, due to the coronavirus, the all-electric SUV they were developing has been cancelled entirely. 

The companies first announced this model, which would have been Lincoln’s first 100-percent electric vehicle, back in January. It was set to be built on a platform provided by Rivian, a startup that

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Coronavirus has led Smithfield, other plants to close, farmers to dump milk

We have too much milk, may not have enough meat and could eventually run short on soup.

Let’s just say America’s food supply chain is getting out of whack due to the coronavirus pandemic.

The sudden shift from restaurant dining to at-home eating, coupled with panic buying at grocery stores, is causing major disruption in the manufacturing, distribution and sales of food products. Dairy farmers are dumping excess raw milk, while meat companies are scrambling to meet demand.

Though experts say the food supply chain has performed admirably so far – most factories are still operating and many are doing so at full blast – industry watchers are getting concerned about supplies of beef, poultry and pork as the COVID-19 crisis continues.

After Smithfield Foods on Sunday announced the indefinite closure of its pork processing plant in Sioux Falls, South Dakota, due to an outbreak among its employees, CEO

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