by Joseph Szczesny | May 19, 2014
With the money from its initial public offering of stock in the bank, TrueCar plans to move quickly to use its resources to expand its reach. John Krafcik, TrueCar’s new president, said one of the areas in which it will be putting a substantial effort is a new...
by Michael Strong | May 19, 2014
Once again, officials at the Federal Trade Commission have put a broad smile on the face of Elon Musk, Tesla Motors’ founder and chairman. For the second time in less than a month, three administrators suggested that laws requiring new vehicles be sold by independent...
by Paul A. Eisenstein | May 19, 2014
Tony Cervone will rejoin General Motors as the maker’s new director of global communications. It marks a return to Detroit for the 51-year-old PR veteran who previously served as a senior communications executive at both GM and Chrysler before temporarily shifting to...
by Paul A. Eisenstein | May 19, 2014
Among the many risks associated with pregnancy, a new Canadian study adds another one: an increase in multi-car accidents. A research team led by the University of Toronto found that the odds of being involved in a multi-vehicle accident severe enough to lead to an...
by Joseph Szczesny | May 19, 2014
In a deal that is emblematic of how the rapid growth of the auto industry in China is changing the landscape, Johnson Controls is spinning off part of its collection of automotive assets to form a new joint venture with an expanding Chinese company that will focus on...
by Paul A. Eisenstein | May 16, 2014
Nissan made the day for fans attending the annual ZDAYZ event with the surprise world debut of the 2015 Nissan 370Z NISMO. The ZDAYZ event is an annual gathering of Nissan Z car aficionados held in Fontana Dam, North Carolina, which is near the legendary Tail of the...
by Paul A. Eisenstein | May 16, 2014
Investors generally don’t like turmoil or uncertainty – something in abundant supply at General Motors these days, which may explain why the makers share price has been performing so poorly. Yet even after expressing high hopes for the maker’s new CEO Mary Barra,...
by Michael Strong | May 16, 2014
There will not be another repeat of the General Motors ignition switch debacle. That’s the message that officials at the Department of Transportation and the National Highway Traffic Safety Administration put forth today in announcing it fined GM $35 million – the...
by Joseph Szczesny | May 16, 2014
With some of the fizz going out of internet stock in recent weeks, the initial public offering of stock by auto buying service TrueCar fell short of its own, cautious expectations as it began its first day of trading — but then quickly rebounded. Initially...
by Michael Strong | May 16, 2014
The National Highway Traffic Safety Administration today hit General Motors a record-setting $35 million fine. The company agreed to pay it and revise its processes on how it handles reporting safety issues in the future. The maker confirmed it is being hit with the...
by Paul A. Eisenstein | May 16, 2014
Expect GM to take some significant hits to its bottom line this year as it recalls more vehicles than at any time in its history – but the maker could begin the process of moving past its safety-related problems with today’s announcement that it has accepted a consent...
by Paul A. Eisenstein | May 16, 2014
Toyota is pulling the plug on the RAV4-EV, the battery-electric version of the soft-roader it introduced two years ago with the help of electric vehicle start-up Tesla Motors. This year’s phase-out of the RAV4-EV comes as the Japanese giant gets ready to launch its...
