by Paul A. Eisenstein | Apr 20, 2020
Days after revealing it plans to go to the debt markets to add more cash to its reserves, Ford Motor Co. raised $8 billion by rolling out a three-part issue of new securities. There were concerns about what it would cost the automaker to raise money this way after...
by Joseph Szczesny | Apr 20, 2020
The enormous economic fallout from the COVID-19 pandemic has sent the global economy into a freefall, prompting financial regulators in Great Britain to take a look at a new strategy to help cash-strapped consumers — a moratorium on car payments. Britain’s financial...
by Michael Strong | Apr 18, 2020
General Motors, criticized by President Donald Trump for taking too long in his eyes to begin production of ventilators, delivered the first round of those aforementioned medical devices Friday to Chicago-area hospitals. The automaker, which is partnering with...
by Michael Strong | Apr 17, 2020
Just days after saying it had “options” to bolster its cash reserves, Ford Motor Co. is going to tap the debt markets, but declined to say how much money it would be seeking. “We have a broad range of options” for obtaining additional financing if needed, a company...
by Joseph Szczesny | Apr 17, 2020
Given the popularity of SUVs, there is no doubt that Americans love tall vehicles even though they abandoned fedora and bonnets year ago. Nonetheless, the classical elegance of the long, low-slung profile of 2020 Infiniti Q50, which has been equipped with a more...
by Paul A. Eisenstein | Apr 17, 2020
Hit hard and hit early by the global coronavirus pandemic, Europe is now hoping to start getting its economy back in running order – with the auto industry leading the charge. Hyundai was first out of the box, relaunching operations at a Czech plant on Tuesday. A...
by Paul A. Eisenstein | Apr 17, 2020
Slow off the blocks, Volkswagen has gotten serious about SUVs, and it wants to make that clear with this teaser image of the Tiguan which will undergo a major update for 2022. The compact crossover has slipped into the shadows of the bigger Atlas in the last several...
by Joseph Szczesny | Apr 17, 2020
Karma Automotive executives say it will be ready to release a new model, the Karma Revero GTE, in the spring of 2021. The GTE will be the company’s first all-electric vehicle and furthers the Southern California-based company’s signature luxury, sustainability and...
by Michael Strong | Apr 16, 2020
A little more than two months after being appointed Ford Motor Co.’s Chief Operating Officer, Jim Farley is further putting his stamp on the automaker with a reorganization of the company’s top executives and responsibilities. Ford CEO Jim Hackett has been looking to...
by Paul A. Eisenstein | Apr 16, 2020
It’s been more than a month since the last Atlas sport-utility vehicle rolled out of the Volkswagen assembly plant in Chattanooga, Tennessee, but the automaker hopes to have the line begin moving again sometime during the week of April 27th, part of a “phased restart...
by Paul A. Eisenstein | Apr 16, 2020
With its factories in many key markets shuttered and sales largely dried up, Volkswagen said Thursday it is abandoning its original sales and earnings outlooks for 2020 – with no clear alternative in sight. The German automaker is just the latest to admit that it’s...
by Joseph Szczesny | Apr 16, 2020
Elon Musk lost a key round in legal battle with a group of investors angered by one the Tesla CEO’s stray tweets. A federal judge in San Francisco said a lawsuit against Tesla Inc. and Musk can go forward to trial. The lawsuit claims that Musk – and by extension Tesla...
