by Paul A. Eisenstein | Jul 31, 2014
Hours after confirming it had signed a formal agreement with Japanese electronics giant Panasonic to build its new, $5 billion “Gigafactory,” battery-electric automaker Tesla Motors revealed it earned a modest $16 million during the second quarter of the year, or 11...
by Michael Strong | Jul 31, 2014
One of the questions surrounding the faulty ignition switch controversy at General Motors is when did the automaker know there was a problem? It may have been at least seven years ago and the death toll related to those vehicles may rise as a result. Two rental car...
by Michael Strong | Jul 31, 2014
It’s becoming clear that one of the primary reasons that new car sales are booming this year is that Americans are able to more easily get credit to finance their purchases. The total amount of outstanding auto loans has increased by 10% in 2014. According to Equifax...
by Paul A. Eisenstein | Jul 31, 2014
While a number of recent studies have suggested that Millennials would prefer to text rather than drive, they’re apparently beginning to buy cars, as well as iPads, in ever-increasing numbers. In fact, Gen Y now is generating a larger share of U.S. new vehicle sales...
by Paul A. Eisenstein | Jul 31, 2014
Electric carmaker Tesla Motors today formally locked down its alliance with Japanese electronics giant Panasonic, the two confirming they will move ahead on a planned $5 billion “Gigafactory” that is expected to become the world’s largest lithium-ion battery plant....
by Paul A. Eisenstein | Jul 31, 2014
The world’s second-largest automaker beat expectations with a strong second quarter profit, up 14.1%, despite a decline in revenues. The Thursday release of Volkswagen AG’s earnings revealed that its biggest luxury line, Audi AG, helped offset some problems at its...
by Michael Strong | Jul 30, 2014
Add another million to the running tally of vehicles in a record-setting 2014 as Hyundai and Nissan announced actions totaling 1.1 million cars today: Hyundai recalling 889,000 vehicles and Nissan more than 226,000. Hyundai is recalling 883,000 Sonata sedans from...
by Paul A. Eisenstein | Jul 30, 2014
Fiat says its second-quarter profits plunged 55% as the maker’s U.S. partner Chrysler struggled to move old product with new incentives, while the Fiat side of the company dealt with a slowdown in South America. Fiat, which expects to complete its takeover of the U.S....
by Joseph Szczesny | Jul 30, 2014
General Motors’ ignition switch recall has triggered a new lawsuit in which the plaintiffs are claiming that 29 people have died and 627 were injured in accidents in which the defective part was a factor. The lawsuit, Abney vs. General Motors, was filed in U.S....
by Michael Strong | Jul 30, 2014
Hyundai issued its second recall on its 2015 Sonata and ordered drivers to park the newly introduced sedan due to a problem with its brakes. At the same time, the pressure on Toyota to do the same with thousands of Camrys is ramping up. The South Korean automaker is...
by Paul A. Eisenstein | Jul 30, 2014
While its lead has been narrowing, Toyota Motor Co. retained its crown as the world’s best-selling automaker during the first half of 2014. The maker edged out rivals Volkswagen AG and General Motors in the global sales sweepstakes as demand for its cars, trucks and...
by Paul A. Eisenstein | Jul 30, 2014
“New product is the lifeblood of any brand,” said Jim Vurpillat, the marketing director for Cadillac, as he took a break during a media drive of the luxury maker’s new ATS Coupe. He and the rest of Cadillac’s management team certainly have to hope so after the...
