Month: May 2020

Hertz Files For Bankruptcy Due To Coronavirus Crisis

The petition extends to the company’s U.S. and Canadian operations.

With the coronavirus pandemic still at large, one of the many industries affected, apart from the automotive industry, is travel. Business and leisure travel during these times are both prohibited or limited, to say the least, in order to help curb the spread of the disease. 

Because of this, car rental businesses, such as Hertz, are in trouble. In fact, the long-running car-rental company in the U.S. has reportedly been in a critical financial condition earlier this month, citing a 73 percent drop in shares over the past three months. Hertz celebrated its centenary in 2018.

Hertz selling Chevy Corvette rental cars

Hertz has listed 22 of its Chevrolet Corvette C7 Z06 for sale

Before, Hertz was optimistic in its narrative that time, saying that the situation was fluid and filing for bankruptcy won’t be an option.

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Ferrari SF90 Stradale To Star In Remake Of Famous 1970s French Street Racing Film

A sequel to one of the greatest automotive films.

Although there will be no F1 race in Monaco this weekend, because the 2020 Monaco Grand Prix was canceled due to the recent COVID-19 events, there will still be the shriek of a Ferrari on the streets of this hallowed circuit. Ferrari is planning to film a sequel to one of the great car films of all time, “C’était Un Rendez-Vous”, on the street circuit at Monaco, which represents the first French file shoot since the start of the pandemic lockdown. 

Ferrari F1 driver Charles Leclerc will drive the new SF90 hybrid supercar on the closed F1 circuit at Monaco. The SF90 is Ferrari’s latest engineering marvel and represents the brand’s first mass-produced hybridized product. Seeing Leclerc behind the wheel at an empty Monaco will certainly be an interesting sight. 

See The First Teasers:

If you’re not familiar with the brilliant

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Edited Transcript of CAAS earnings conference call or presentation 14-May-20 12:00pm GMT

Jingzhou May 15, 2020 (Thomson StreetEvents) — Edited Transcript of China Automotive Systems Inc earnings conference call or presentation Thursday, May 14, 2020 at 12:00:00pm GMT

China Automotive Systems, Inc. – Manager of IR

* William R. Gregozeski

Greetings, and welcome to the China Automotive Systems’ Fourth Quarter 2019 Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Mr. Kevin Theiss, Investor Relations for China Automotive Systems. You may begin.

Kevin Theiss, China Automotive Systems, Inc. – Manager of IR [2]

Thank you, everyone, for joining us today. Welcome to China Automotive Systems’ 2019 Fourth Quarter Conference Call.

Joining us today are Mr. Qizhou Wu, Chief Executive Officer; and Mr. Jie Li, Chief Financial Officer of China Automotive Systems. They will be available to answer questions later in the conference call with the assistance of … Read More

Sunny Cruises Await In A Rare 1970 Shelby GT500 428 Cobra Jet Convertible

⚡️ Read the full article on Motorious

Only 1 of 6 finished in Grabber Yellow for the 1970 model year.

A highly desired car that is a favorite among collectors, the classic Shelby GT500s with the heavy-duty suspension and Cobra Jet 428 V8 engine are rare gems to behold. In fact, only 335 convertibles were built between 1969 and 1970. Making this bold beauty even rarer is that this ‘special paint’ Shelby GT500 convertible ordered from the factory is just one of nine in Grabber Yellow (3470-A). To narrow that number down even more, this is just one of 6 finished in the bold hue for 1970. The good news is that RM Sotheby’s is offering the opportunity to take home this stunning and rare 1970 Shelby GT500 428 Cobra Jet Convertible for yourself in their Online Only: Driving into Summer auction from May 21st – 29th.

A rare 1970 Shelby GT500 428 Cobra Jet Convertible

Built in

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