Auto Stock Roundup: TSLA's One Millionth Car, CNHI's Potenza Buyout & More
Zacks Investment Research | Mar 15, 2020 11:52PM ET
The deadly coronavirus has wreaked havoc on the auto industry, with shutdown of factories, dealerships with less customer traffic, supply-chain disruption and delay of annual motor shows. Last week, the New York International Auto Show was postponed amid the pandemic. The show, which was set to commence early next month, has now been rescheduled to late August. The show will now be held from Aug 28 to Sep 6. This is notably the third big ticket auto show to be cancelled amid the health hazard,after the Beijing Auto Show and Geneva Motor Show. Meanwhile, Fiat Chrysler temporarily halted four of its plants in Italy, while U.S. top carmaker General Motors cancelled the launch of Cadillac’s all-electric crossover, the Lyriq, over COVID-19 crisis.
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