by Paul A. Eisenstein | Apr 21, 2020
Car sales have plunged to near zero in some parts of the U.S., notably Detroit, San Francisco and a few of the other markets with major coronavirus outbreaks, while overall U.S. demand during the first half of the month was off about 55%, according to J.D. Power. What...
by Joseph Szczesny | Apr 21, 2020
General Motors and DTE Energy are teaming up to accelerate Michigan’s transition to renewable energy with a deal to source 500,000 megawatt hours of solar energy as part of DTE’s MIGreenPower program. Because of cloudy skies and cold winters, Michigan has never been...
by Joseph Szczesny | Apr 21, 2020
A team of physicists in Switzerland has built what they describe as the world’s first megapixel photon-counting camera and a first-of-its-kind image sensor technology, which could make lidar systems faster and more accurate. Lidar, a surveying method that...
by Michael Strong | Apr 20, 2020
Apparently Hyundai’s newest semi-autonomous technology feature, the oft-mimicked “Smaht Pahk” isn’t as bright as other self-parking technologies, forcing the South Korean automaker to recalled the nearly 12,000 vehicles with the option. Hyundai debuted the new tech...
by Joseph Szczesny | Apr 20, 2020
The outlook for new vehicle sales this year is growing steadily more pessimistic, according to the latest new vehicle sales forecast from ALG Inc., a subsidiary of TrueCar Inc. In its latest report, ALG offers three “scenarios” for vehicle sales in 2020 and the most...
by Paul A. Eisenstein | Apr 20, 2020
The coronavirus pandemic is having a significant impact on the automotive product pipeline, leading manufacturers to delay the debut or rethink the timing of some new products while, in some cases, potentially canceling projects just in the pipeline, according to...
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...
