coronavirus

Ferrari SF90 Stradale faces delay over coronavirus pandemic

Delayed.


Ferrari

The list of delays and cancelations associated with the coronavirus pandemic continues to grow, and this time, it’s Ferrari pulling the plug.

The Italian marque’s made it official: Its first plug-in hybrid supercar, the SF90 Stradale, will not launch in the first half of 2020 as originally planned. Seeing that we’re already closing in on the middle of August, it seemed unlikely at this point anyway.

CEO Louis Camilleri delivered the news earlier this week during Ferrari’s second-quarter earnings call,

Read More

2020 SEMA Show canceled amid coronavirus pandemic

You can’t expect people to pack into a convention center right now.


Daniel Golson/Roadshow
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.

The SEMA Show joined the growing list of events we can place in the canceled column due to the coronavirus pandemic.

Organizers sent an email on Wednesday explaining the decision not to hold the show, which largely focuses on the auto industry’s aftermarket titans. While work continued to open the show this coming November, “mounting uncertainty” led organizers to cancel.

Read More

Tesla confirms it received government payroll assistance amid coronavirus pandemic

It’s not clear if the US or another country granted Tesla assistance.


Tesla
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.

Tesla received some governmental assistance amid the coronavirus pandemic, the automaker said in a regulatory filing this Tuesday.

Reuters first reported the information. The filing doesn’t specify what kind of payroll benefits it received. It also doesn’t declare which country Tesla received assistance in, referring to “various governmental responses to the pandemic granted to companies globally.” The filing simply says Tesla took “certain payroll-related benefits which helped to reduce the impact

Read More

Man arrested after buying Lamborghini Huracan with fraudulent coronavirus stimulus

Yeah, totally not cool, Florida man.


Lamborghini

The Paycheck Protection Program, part of the emergency CARES stimulus bill passed this past March amid the coronavirus pandemic, became a lifeline for many businesses across the nation. One Florida man, however, decided to take advantage of the system at the expense of deserving recipients.

The US Department of Justice said Monday that 29-year-old David Hines allegedly applied for PPP loans on behalf of numerous companies. With a hefty dose of fraud and misleading statements, banks approved the applications and the man received a total of $3.9 million, though the DOJ said Hines

Read More