by Joseph Szczesny | May 4, 2020
With automakers looking for ways to restart production, the United Auto Workers said Thursday said it wants to see more proof that workers on the industry’s assembly lines will be protected before giving it approval to any kind of back-to-work order. “We continue to...
by Joseph Szczesny | May 1, 2020
Sales figures from the handful of carmakers reporting April results reflected the expected sharp decline in new vehicle sales last month as the COVID-19 pandemic shut down the U.S. economy. Subaru of America Inc. reported 30,620 vehicle sales for April 2020, a 47%...
by Paul A. Eisenstein | May 1, 2020
A mile off the coast of Los Angeles, the Jupiter Spirit sat anchored, the big cargo ship sitting in limbo after a three-week journey from Japan, unable for five days to unload the 2,000 Nissan and Infiniti vehicles onboard because there was simply nowhere to put them....
by Michael Strong | May 1, 2020
Automakers have been working overtime to provide incentives to encourage customers to buy new vehicles during the coronavirus pandemic, and one particular strategy seems to working: zero-percent financing. Zero percent finance deals hit a new high in April, according...
by Joseph Szczesny | Apr 30, 2020
In a bid to trim costs, consolidate data collection and boost efficiency, the Volkswagen Group is developing its own cloud computing platform with help from Amazon that could save hundreds of millions. The company initially launched its cloud server with Volkswagen...
by Paul A. Eisenstein | Apr 30, 2020
When Ford Motor Co. restarts its U.S. manufacturing operations on May 18, company officials expect what they’ve described as a “benchmark playbook” will ensure that workers can count on being safe despite the ongoing coronavirus pandemic. Senior Ford officials...
by Paul A. Eisenstein | Apr 30, 2020
The long-rumored Corvette Zora, it turns out, is very much part of the plan at General Motors, its existence revealed, ironically, by the coronavirus pandemic. Named for Zora Arkus-Duntov, the legendary General Motors engineer widely known as “the father of the...
by Michael Strong | Apr 30, 2020
Despite the tough times the auto industry is currently enduring, Tesla CEO Elon Musk is ready to move ahead, starting with picking a location for a new Gigafactory in the U.S. The location for the new plant, which is expected to be somewhere in the Midwest or...
by Michael Strong | Apr 29, 2020
As other automakers tersely offer up first quarter earnings results that were well below what was predicted even as recently as the end of February, Tesla’s report is sprinkled with optimistic thoughts and positive results — starting with a first-time ever GAAP...
by Paul A. Eisenstein | Apr 29, 2020
While the U.S. automotive market is in the midst of its worst slump since the Great Recession, sales during the coronavirus pandemic haven’t tumbled quite as badly as originally expected – and there are signs of “recovery nearly everywhere,” according to J.D. Power....
by Michael Strong | Apr 29, 2020
Daimler AG officials offered up a familiar story when reporting its Q1 2020 profits dropped significantly compared with the year ago results: The coronavirus hit the company’s sales and bottom line hard. The company’s total unit sales dropped 17% to 644,300 passenger...
by Joseph Szczesny | Apr 29, 2020
With the economy closed from coast to coast, ALG Inc. analysts are predicting that sales of new vehicles will decline by more than 50% in April to their lowest points in 40 years. ALG, a subsidiary of TrueCar Inc., expects total new vehicle sales will reach 638,092...
