Houston Auto Auction

Tenneco Q1 revenue, profits slump on COVID-19 impact

Tenneco Inc.’s income slumped and the organization swung to an adjusted internet reduction in the initial quarter as automakers suspended output due to the fact of the coronavirus pandemic, the supplier mentioned Friday.

The maker of ride command and emissions methods mentioned initial-quarter income fell fourteen p.c to $three.84 billion. The organization estimates the COVID-19 disaster affected worth-incorporate income by $340 million.

Tenneco’s initial-quarter internet reduction widened to $839 million from a reduction of $117 million last calendar year. The internet reduction included noncash impairments of $854 million.

Its adjusted internet reduction was $26 million, in contrast with cash flow

Read More

Haldex extends COVID-19 layoffs | Automotive Industry News

Weighty truck suspension and braking specialist Haldex said it had extended quick-term layoffs for most workforce in Landskrona, Sweden, initially released on 30 March and influencing 250 workers.

The COVID-19 pandemic lowered desire and the quick-term doing the job plan has now been extended to previous at the very least until eventually the end of Could.

An settlement with the unions gives home for even more extensions as extensive as COVID-19 affects the business enterprise.

Haldex will consistently review the circumstance in coming months.

“Unfortunately, we must prolong the quick-term doing the job plan to change the price foundation as

Read More
Wholesale Auto

Top Five: How Covid-19 could change the way we drive

With lockdowns in influence close to the environment to stem the distribute of Covid-19, lifestyle has all of a sudden appeared to stand nonetheless – all everyday tasks like commuting to do the job, likely out for espresso, conference mates in a bar put on hold.

Having said that, some tiny glimmers of a return to lifestyle as we realized it are on the horizon, with restrictions easing in China, and discussion of a peace of procedures taking place in Europe.

It is probable that several founded pursuits will revert back again to pre-corona – the thought of a holiday

Read More
Houston Auto Auction

Two wheelers may get ‘personal’ fillip post Covid-19 lockdown, Auto News, ET Auto

The relative lower cost of a two-wheeler will work out much better vis-à-vis a car.
The relative decrease value of a two-wheeler will do the job out much far better vis-à-vis a car.

1 of the earliest impacts article the Covid-19 pandemic is possible to be felt on the general public transportation sector as people today touring might go away from it fearing infection. They are possible to select a form of personal mobility with two-wheelers remaining a desired choice due to its ease.

A current HSBC report on the Indian Autos focussing on change to personal mobility has highlighted this fact whilst underlaying some approaching developments in transportation.

What will give two-wheeler companies some

Read More
Cheapest Car

Last Porsche 911 of a generation to be sold for COVID-19 relief

The coronavirus is doing strange things in the car world.

Ford, General Motors, McLaren, and Tesla have turned factories into outposts to produce medical equipment; Bentley is holding cocktail hours for journalists, via Zoom; and Audi, Jaguar, and Mercedes-Benz have released printable sketches of iconic models so enthusiasts can color them at home. 

Now Porsche is auctioning off what could be one of the last non-turbocharged 911s ever made. The automaker will sell the final, seventh-generation 911, a Speedster, in an online auction with RM Sotheby’s on April 15.

It was the last 911 to roll off the production line

Read More