by Paul A. Eisenstein | Jun 11, 2020
The nation’s two largest ride-hailing services, Uber and Lyft, were already hammered by the coronavirus pandemic when they got word that they now will have to treat their drivers as employees, rather than contractors. How to view those who actually work on the front...
by Michael Strong | Jun 11, 2020
BMW’s big gamble in the U.S. 26 years ago continues paying off with the most recent “win” being the 5 millionth vehicle built that rolled off the line at its plant in Spartanburg, South Carolina. The milestone vehicle is a Toronto Red Metallic BMW X5 M Competition...
by Paul A. Eisenstein | Jun 11, 2020
Like its major competitors, Toyota has been hard hit by the coronavirus pandemic and the economic chaos it has triggered around the world, but the automaker’s Chief Executive Officer Akio Toyoda advised shareholders on Thursday that he expects to see the Japanese...
by Joseph Szczesny | Jun 11, 2020
Even as carmakers pull back some new products in the face of the COVID-19 pandemic, the BMW Group is pushing ahead with its electrification strategy, confirming plans to release the BMW iX3 by the end of 2020. Production of the BMW first pure electric model will get...
by Paul A. Eisenstein | Jun 10, 2020
With the backing of drivers like Bubba Wallace, and in the face of a nationwide shift on racial disparity, NASCAR late Wednesday announced it will ban the flying of Confederate flags at its races. The move is one of many steps being announced across the country in...
by Paul A. Eisenstein | Jun 10, 2020
(This story has been updated with additional details on the number of product delays, as well as new comments by analyst Jeff Schuster of LMC Automotive.) Hammered by the coronavirus pandemic – which has sent both sales and revenues tumbling and kept most designers...
by Michael Strong | Jun 10, 2020
When Tesla CEO Elon Musk emails, investors respond. After a report that Musk emailed employees informing them that it was time to begin “volume production” of the company’s semi truck, the company’s stock took off, eclipsing the $1,000 per share plateau for the first...
by Michael Strong | Jun 10, 2020
This story has been updated with additional information. Ford Motor Co. and Volkswagen AG are moving forward on the next stage of their partnership, developing midsize pickups and commercial vans, targeting sales of 8 million units. The pair will work to develop two...
by Paul A. Eisenstein | Jun 10, 2020
The coming year will see a flood of new battery-electric vehicles rolling into U.S. showrooms, including the Ford Mustang Mach-E, the Volkswagen ID.4 and the Cadillac Lyriq. The latter is one of 20 new BEVs General Motors plans to roll out by 2023, but despite the...
by Joseph Szczesny | Jun 10, 2020
The headline in this story has been revised to more accurately reflect the story’s content. The German government is moving ahead with a stimulus package that includes generous help for electric vehicles. Angela Merkel, Germany’s chancellor, said the package,...
by Michael Strong | Jun 9, 2020
If you’re fortunate enough to own a Mercedes-Maybach, what do you get next? A more powerful Mercedes-Maybach! Good news abounds as Mercedes has a new, more powerful special edition Maybach available: the Mercedes-Maybach S 650 Night Edition. This new model takes...
by Paul A. Eisenstein | Jun 9, 2020
This was supposed to be a big week for the auto industry, the North American International Auto Show making its move from its classic winter schedule to spring. The coronavirus pandemic may have forced organizers to postpone the debut event until 2021, but some...
