by Michael Strong | Apr 6, 2020
As U.S. auto production remains idle due to the coronavirus pandemic, China’s light vehicle production is ramping back up, and experts are predicting that it will drop 11.5% this year to 21.6 million vehicles. The forecast, courtesy of research firm IHS Markit, also...
by Michael Strong | Apr 6, 2020
Battery-electric vehicles are being touted as the answer to many problems, but they also have a few shortcomings — one of them being their off-road capability. However, Danish auto designer and entrepreneur Henrik Fisker may have an answer for that. The Fisker Ocean...
by Joseph Szczesny | Apr 6, 2020
Daimler AG lined up a new multibillion-dollar line of credit and tapped the bond market for 1.5 billion euros to help weather the coronavirus pandemic that has brought the global economy to a halt. The German automaker announced it increased its financial flexibility...
by Paul A. Eisenstein | Apr 3, 2020
As bad an impact as the coronavirus pandemic has had on the auto industry already, things are likely only to grow worse in April and possibly, beyond, three leading analysts concluded during a webinar on Friday. Virtually nothing connected to the industry will escape...
by Michael Strong | Apr 3, 2020
Automakers have extended the time their production facilities in the U.S. will remain shut down as the impact of the coronavirus outbreak continues to grow. In Europe, companies are doing the same with one notable exception: Fiat Chrysler. FCA officials are looking at...
by Michael Strong | Apr 3, 2020
As the auto industry enters uncharted sales waters courtesy of the current pandemic, finding ways to get potential buyers into new vehicles – or back into vehicles in the case of leasing – is more critical than ever. New vehicle sales in March dropped in the mid-40%...
by Joseph Szczesny | Apr 3, 2020
Ulysses, the story goes, took 10 years to complete his journey home back to his wife and kingdom. For Cadillac, the journey to reclaim its place as the world’s preeminent luxury automobile brands is taking a bit longer. Cadillac and General Motors, like the plucky...
by Paul A. Eisenstein | Apr 3, 2020
With U.S. auto sales now expected to plunge as much as 80% in April and, for the year, drop to levels not seen since the Great Recession, automakers are looking for help, possibly including a federal incentive program that could kick-start demand that might otherwise...
by Michael Strong | Apr 3, 2020
In what many will consider a bright spot, organizers of the Beijing International Automotive Exhibition revealed they are postponing the event to late September and early October. The show was supposed to be held later this month, but will now take place Sept. 26-Oct....
by Michael Strong | Apr 2, 2020
In another sign of the automotive industry actively pitching in to help battle the coronavirus pandemic, General Motors started training employees to produce ventilators at its components plant in Kokomo, Indiana. GM is partnering with Seattle-based Ventec Life...
by Paul A. Eisenstein | Apr 2, 2020
General Motors and Honda are expanding existing ties, teaming up to develop new battery-electric vehicles the Japanese automaker plans to add to its line-up for the 2024 model-year. Honda will bring two new all-electric models to market, it announced late Thursday,...
by Joseph Szczesny | Apr 2, 2020
The second round of sales reports confirmed March was an awful month for automakers in the U.S. and things don’t look to be any better in April. Ford Motor Co. reported sales dropped 12.5% and sales of the F-150 pick-up truck were down even more, falling 13.5%....
