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 by Staff Writers Milan (AFP) Feb 6, 2020
Fiat Chrysler could halt production at a European factory because of supply problems from China due to the coronavirus outbreak there, its boss told Thursday's Financial Times. The prospective closure would be the first for a European car manufacturer. CEO Mike Manley said that four Chinese suppliers were affected by the coronavirus outbreak, including one "critical" supplier. The Italian-US company would know within two to four weeks "whether supply will be halted for one of our European plants", Manley said. Financial director Richard Palmer said Thursday that the impact of the coronavirus outbreak on the company "cannot yet be calculated". Japan's Toyota and Germany's Volkswagen have both suspended some production in China because of the coronavirus outbreak. South Korea's Hyundai said on Tuesday that it would stop domestic production because of a lack of Chinese parts due to the health crisis. FCA on Thursday announced net earnings down by nearly a fifth last year as sales slowed, although both rose in the final quarter. The firm, which is set to merge with France's Peugeot-Citroen to create the world's third-largest automaker by revenues, saw net earnings fall 19 percent to 2.7 billion euros ($3.0 billion) in 2019. cco/cjo/wai
Autonomous delivery vehicle set to roll after getting US approval Washington (AFP) Feb 6, 2020 Silicon Valley startup Nuro said Thursday it obtained US regulatory authority to operate a fully autonomous delivery vehicle and would begin testing it in Texas in the coming weeks. The California-based firm said it was the first company granted approval for a self-driving vehicle exemption by the US Department of Transportation. Nuro said its R2 vehicle, designed to operate without any human driver, would be partnering with local businesses for "last-mile delivery of consumer products, grocerie ... read more
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