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In financial difficulties, the British luxury sportscar manufacturer is to focus on strengthening its balance sheet after what has been described as a "disappointing performance" in 2019, reports ILM.
Tesla announced that its Model 3 would have a leather-free interior. This announcement is part of the attempts of the brand to appeal to vegans but has also prompted questions about the actual environmentally friendliness of opting for leather-free materials.
Overall U.S. automotive sales are expected to have declined about 1% in 2019 compared with the previous year, but consumers are said to have spent a record amount on new cars, reports ILM.
Automotive groups Fiat Chrysler (FCA) and Groupe PSA have signed a binding agreement to merge, reports Leatherbiz.
The German automotive Group, the owner of Mercedes-Benz, is to cut thousands of jobs worldwide as it invests heavily in electric cars, reports ILM.
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