by Michael Strong | Aug 7, 2020
Toyota Motor Corp. surprised analysts by turning a small profit for the quarter, albeit the company’s smallest profit in nearly a decade, overcoming poor sales globally due to the impact of the coronavirus pandemic. The company reported an operating profit of 13.9...
by Joseph Szczesny | Aug 7, 2020
Groupe PSA is still planning to bring the Peugeot to brand back to North America by 2023, PSA North America CEO Larry Dominique said during a keynote address to the Center for Automotive Research’s annual Management Briefing Seminars. Dominique said during his virtual...
by Paul A. Eisenstein | Aug 6, 2020
It’s become the General Motors corporate mantra, the automaker routinely reminding us that it is on “a path to an all-electric future.” We’ve already got the Chevrolet Bolt, with an extended version coming out next year. There’ll also be two different GMC Hummers: an...
by Paul A. Eisenstein | Aug 6, 2020
The automotive industry has been hammered by the coronavirus pandemic, but despite some calls for a bailout that could resemble the Cash-for-Clunkers deal launched during the Great Recession, a federal stimulus program seems both unlikely and unnecessary, according to...
by Michael Strong | Aug 6, 2020
To say that Tesla’s been turning the industry on its ear for the past 18 months might be an understatement. It’s Model 3 sedan has been nothing short of a success and the new Model Y seems to be following it its footsteps. Of course, this makes sense since the two...
by Paul A. Eisenstein | Aug 6, 2020
If you’re one who goes by the numbers, you might measure the worth of your car by its horsepower, torque or fuel economy. But many buyers also look at other figures, including the power of a vehicle’s audio system and the number of speakers it’s outfitted with. If...
by Paul A. Eisenstein | Aug 6, 2020
Ford plans to introduce its new Active Drive Assist system on several 2021 models, including the all-electric Mach-E, while Cadillac is expanding the use of its own Super Cruise in the coming year, both systems allowing drivers to travel for extended periods with...
by Joseph Szczesny | Aug 6, 2020
While autonomous vehicles hold great promise, the investment in the technology has shrunk substantially, the CEO and co-founder of a leading AV firm revealed at the Center for Automotive Research’s Management Briefing Seminars this week. Chris Urmson, a leading...
by Michael Strong | Aug 6, 2020
An era came to an end last week with little fanfare or even real recognition: Ford Motor Co. produced its last Fusion midsize sedan, essentially completing its shift away from sedans in its product line-up. The Dearborn, Michigan-based automaker didn’t play up the...
by Paul A. Eisenstein | Aug 5, 2020
Only days after saying the show must go on, the Specialty Equipment Market Association has tossed in the towel, announcing that it has cancelled the annual SEMA Show in Las Vegas. Originally scheduled to take place from Nov. 3–6, the event joins a long and growing...
by Michael Strong | Aug 5, 2020
It’s not just electric vehicle makers attracting investors these days as EV charging network company ChargePoint just secured $127 million in new funding, raising its total from investors to $660 million in just more than a decade. The latest round of funding is...
by Michael Strong | Aug 5, 2020
Japanese automaker Honda reported an operating loss of $1.07 billion, or 113.6 billion yen, on revenue as the global pandemic hampered sales in across the board. Officials predicted the company would be profitable for the fiscal year, which ends March 2021, but it...
