by Joseph Szczesny | Apr 8, 2020
It could take three years or more to return to the 17-million-unit level of new vehicle sales that prevailed prior the recession precipitated by the coronavirus pandemic, which has locked down the U.S. economy for an indefinite period. The National Automobile Dealers...
by Michael Strong | Apr 7, 2020
The tough sales results in March are being followed by even more dire predictions for April. Now the anecdotal evidence showing the industry is taking a down turn is adding up. U.S. automakers are selling fewer and fewer vehicles and the cars, trucks and sport-utility...
by Joseph Szczesny | Apr 7, 2020
Ruben Burks, a union pioneer and the first African American to serve as the United Auto Workers’ Secretary-Treasurer, the organization’s second-highest office, has died. A lifelong resident of Flint Michigan, the soft-spoken Burks was 86. He passed due to...
by Paul A. Eisenstein | Apr 7, 2020
The coronavirus pandemic has thrown the automotive world into turmoil, not only putting production on hold in many places but also shutting down the auto show circuit. This has, in turn, has delayed the debut of some critical new products like the Polestar Precept...
by Joseph Szczesny | Apr 7, 2020
McLaren is opening up the order book for the McLaren 765 LT “Longtail,” its limited-volume supercar, which was unveiled for the first time at the beginning of March. The company revealed that just 765 of the supercars will be produced for sales worldwide with high...
by Michael Strong | Apr 7, 2020
Automakers have been reaching out to vehicle owners during the pandemic, trying help them with potential problems whether that’s with making payments, vehicle maintenance or other problems. Hyundai Motor Co.’s latest effort is a warranty extension policy for its...
by Paul A. Eisenstein | Apr 6, 2020
Fiat Chrysler and Honda have announced tentative plans to resume U.S. production during the first week of May, though these dates will depend upon expectations that the coronavirus pandemic will be largely brought under control by then. Production across North America...
by Michael Strong | Apr 6, 2020
As U.S. auto production remains idle due to the coronavirus pandemic, China’s light vehicle production is ramping back up, and experts are predicting that it will drop 11.5% this year to 21.6 million vehicles. The forecast, courtesy of research firm IHS Markit, also...
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 Michael Strong | Apr 6, 2020
Battery-electric vehicles are being touted as the answer to many problems, but they also have a few shortcomings — one of them being their off-road capability. However, Danish auto designer and entrepreneur Henrik Fisker may have an answer for that. The Fisker Ocean...
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...
