by Joseph Szczesny | Jul 25, 2019
Edmunds, the vehicle buying service, is predicting a small increase in sales for the first time in several months when the industry releases a partial list of sales numbers next week. The forecast by Edmunds estimates sales will total 1.38 million new cars and trucks...
by Michael Strong | Jul 23, 2019
AutoNation named Cheryl Miller, the company’s CFO, to take the reins as Chief Executive Officer — the auto retailer’s second person to hold the job in the four months since long-standing CEO Mike Jackson gave up the job. Miller is replacing Carl Libbert, who took over...
by Paul A. Eisenstein | Jul 19, 2019
The new 2020 Chevrolet Corvette broke cover on Thursday night, and the sports car will be boasting some impressive numbers. The first-ever mid-engine ‘Vette will get a big bump in power, with its 6.2-liter naturally aspirated V-8 rated at 495 horsepower and 470...
by Paul A. Eisenstein | Jul 18, 2019
(This story has been updated to include pricing information on the new Corvette Stingray.) “It’s the stuff dreams are made of,” or so the fictional detective Sam Spade might have said, had he been a fan of the Chevrolet Corvette. For more than 50 years, Chevy has been...
by Paul A. Eisenstein | Jul 15, 2019
We’ll got our first official look at the all-new, mid-engine Corvette later this week but Chevrolet is already dropping hints about what we’ll learn when the first-ever mid-engine sports car makes its debut during a California news conference. For one thing, the first...
by Joseph Szczesny | Jul 8, 2019
BMW’s top executive, Harald Krueger, has announced his intention to step down as complaints about the German automaker’s falling share price and slipping prices and the uncertainty hanging over the company’s expensive bet on electrification. Krueger gave notice at the...
by Michael Strong | Jul 5, 2019
After showing off the concept in Detroit in January, Lexus is making concept a reality with the introduction of the LC convertible at the Goodwood Festival of Speed in the United Kingdom. The LC is the luxury brand’s flagship model and the coupe version debuted there...
by Joseph Szczesny | Jun 27, 2019
Carmakers will finish the first half of 2019 with a dip in sales for June as retail sales sputter, analysts said this week. Cox Automotive is forecasting June U.S. auto sales volume to decline nearly 2.7% from last year, or about 40,000 units, falling to 1.51 million....
by Paul A. Eisenstein | Jun 4, 2019
Renault’s board will meet on Tuesday afternoon to pore over the merger proposal offered late last month by Fiat Chrysler Automobiles and reports from Europe suggest the response will be a positive one. Should the French automaker signal its approval it would surprise...
by Michael Strong | May 28, 2019
May is expected to see the continuation of falling monthly auto sales in the U.S. that the industry has seen for the first four months of the year with a decline of 2.1%, according a new estimate. Higher prices for new vehicles are largely to blame, according to...
by Joseph Szczesny | May 24, 2019
Just like that it was over. By the time, the annual Daimler AG shareholders meeting wrapped up Wednesday evening, Dieter Zetsche’s long, remarkable career with the German automaker had come to an end. Unlike his high-profile contemporaries in the car business, Carlos...
