by , 6th Aug 20 11:07 am

The Coronavirus Pandemic has impacted the world in ways not imagined. Six months in and the effects of Covid-19 linger. And you don’t have to be infected to be affected. BMW just posted a quarterly loss for the first time since 2009. Between April and June 2020 BMW suffered a loss of $787 million. In […]

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by , 31st Jul 20 9:22 pm

The biggest casualty of the British Grand Prix was not Alex Albon’s 2nd practice crash. The crash can be recovered. However, Sergio Perez needs time to recover after testing positive for Covid-19. The Mexican who drives for Racing Point was sidelined for 10 days after flying home to Mexico for two days to visit his […]

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by , 27th Jul 20 2:43 pm

Mitsubishi is barrel rolling to losses amounting to $1.33 billion by the end of 2020. Such an economic downturn would be the biggest loss suffered by the automaker in the last 18 years. The company has been on a downward sales spike for some time. European and North American territories have gradually become less profitable. […]

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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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