by , 22nd May 20 11:16 am

Ferrari has just raised $713 million USD through a bond issue to boost immediate liquidity. Unlike many automakers Ferrari has not yet felt the full impact of the coronavirus pandemic. During the first quarter of 2020 deliveries rose by 4.9 percent. However net revenues declined by 0.8 percent due to lower sponsorship income from its […]

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by , 20th May 20 10:35 am

Subaru has reported a doubling of quarterly operating profits, a rare glimmer of hope in an industry ram-roaded off track by the Covid-19 pandemic. Subaru executives cited minimal exposure in China has reduced risk as opposed to numerous rival manufacturers who have invested heavily in the region to feed off the country’s incessant consumer demand. […]

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by , 17th May 20 8:57 pm

Nearly three months of social distancing and shutdowns across the globe have inevitably led to dire consequences both personal and economic. The car industry is reliant on rampant consumerism to sustain a ceaseless business model. Sudden and mass unemployment has shocked the heart of every financial system. And as a result, the entire car industry […]

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by , 1st May 20 3:39 pm

Elon Musk spent his early years growing up in South Africa, surrounded by a lavish lifestyle afforded to him by a wealthy mine owning father. Fast forward to 2020 and Musk is a multi-billionaire on his own terms. However, the Covid-19 pandemic is causing consternation for Musk who has been forced to suspend Tesla production […]

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by , 30th Apr 20 10:15 am

According to the WHO – World Health Organisation – approximately 1.35 million people die each year as a result of road traffic crashes. Traffic accidents that lead to fatalities are currently more dangerous than COVID-19. That’s a grim statistical fact and really not nice reading nor should it be celebrated as a fascinating milestone. But […]

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