by Michael Strong | Jun 9, 2020
Battery-electric vehicles comprise less than 5% of all new vehicles sold in the U.S., but that number is expected to rise to 50% by 2035 due in part of improving battery performance and falling prices. Lux Research’s new report, “The Electric Vehicle Inflection...
by Paul A. Eisenstein | Jun 9, 2020
It’s been a devastating year for the auto industry. The coronavirus pandemic is expected to result in a global sales decline of at least 20%, even as automakers wrack up record debt and fall into what one recent study described as a “profit desert.” Few companies have...
by Joseph Szczesny | Jun 9, 2020
Jaguar Land Rover is the latest automaker to look for additional credit to help it get through this sales downturn created by the COVID-19 pandemic; however, instead of using what many consider “conventional” banking partners, JLR secured a $705 million line of credit...
by Paul A. Eisenstein | Jun 8, 2020
Honda only recently resumed operations in the U.S. and Europe due to the coronavirus. Now it is facing another viral threat – or more accurately – an apparent ransomware attack that may have impacted a number of global operations, including some production facilities,...
by Paul A. Eisenstein | Jun 8, 2020
Herbert Diess has been replaced as head of the Volkswagen brand, a post he has held since 2015, a move announced by the German automaker just days after a U.S. court cleared the way for new lawsuits targeting the German automaker in the wake of its diesel emissions...
by Michael Strong | Jun 8, 2020
Each of the past few years, Americans have set new records for how many miles they’ve driven; however, the coronavirus pandemic has put a halt to that trend in recent months, including the 39.8% drop in April. The U.S. Department of Transportation revealed that...
by Michael Strong | Jun 8, 2020
China’s auto industry continues to claw back from the coronavirus as companies saw a 1.9% increase in year-over-year sales in May with luxury cars leading the charge. The China Passenger Car Association said that premium and luxury passenger car retail sales rose 28%...
by Paul A. Eisenstein | Jun 8, 2020
Ford brought back the hybrid powertrain with the launch of its latest-generation Escape small ute and, now, it’s adding a plug-in hybrid version, as well. The numbers are impressive, including its EPA-rated 100 MPGe and an all-electric range of 37 miles per charge....
by Joseph Szczesny | Jun 8, 2020
President Donald Trump renewed earlier threats to levy heavy tariffs on new vehicles imported from Europe. Trump has periodically threatened to raise tariffs on such vehicles since he took office in 2017. His threats have been heard less frequently since last fall as...
by Michael Strong | Jun 5, 2020
Nissan issued a recall for 1.83 million Altima coupes and sedans built between 2013 and 2018 due to a faulty secondary hood latch. The fifth-generation Altima has had repeated problems with the latch, which can fail due to corrosion. The campaign includes the two- and...
by Paul A. Eisenstein | Jun 5, 2020
Ride-hailing service Uber Technologies is reaching out to potential customers of its Uber Eats food delivery service in a bid to connect them with local black-owned restaurants. The Uber Eats app and web pages now highlight such restaurants in the U.S. and Canada and...
by Michael Strong | Jun 5, 2020
New vehicle sales in May were better than expected, but overall were still down by about a third compared with last May. However, the real good news appears to be on the used-car side of the business appears to be on the rise. Used car sales were down 5% in May...
