by Joseph Szczesny | Apr 6, 2020
The Trump administration is threatening to impose tariffs on imported oil, which could effectively put a floor under the plummeting price of gasoline. AAA reported national gas price average is $1.92. That is 9 cents cheaper than last Monday, 48 cents less than a...
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 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 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%....
by Paul A. Eisenstein | Apr 2, 2020
Global petroleum prices plunged by more than half last month, with prices at the pump falling to levels not seen in years – but crude oil is showing an unexpected rebound, raising the prospect that the numbers could be ready to bottom out. Brent crude, a global...
by Michael Strong | Apr 1, 2020
By 2025, the world will be awash in electric vehicles, if the production plans laid out by more than a dozen automakers remain unchanged. The pronouncements by automakers leaves one to wonder: How will they do it? Just what kind of vehicles will we get in the U.S.?...
by Joseph Szczesny | Apr 1, 2020
A good start to vehicle sales in January and February ended abruptly in mid-March as carmakers reported sales dropped precipitously as state and local officials shut businesses and put social distancing measures in place in response to the coronavirus pandemic....
by TDB Staff | Apr 1, 2020
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