by Joseph Szczesny | Jan 31, 2020
In another sign suggesting consolidation is the order of the day in the car business, two of the industry’s top suppliers plan to merge. BorgWarner will acquire rival automotive supplier Delphi Technologies in an all-stock transaction valued at $3.3 billion that...
by Paul A. Eisenstein | Jan 30, 2020
Once the most popular model in the Lincoln line-up, the MKZ sedan is set to breathe its last, a victim of both declining sales and the need to change over production at parent Ford Motor Co.’s Hermosillo, Mexico assembly plant. It also hasn’t helped that Lincoln is...
by Michael Strong | Jan 30, 2020
Tesla CEO Elon Musk revealed the company will begin delivering its new Model Y small sport-utility vehicle in March and that the company is on the cusp of delivering a car with a 400-mile range. Musk’s news about the earlier-than-expected delivery dates for the Model...
by Joseph Szczesny | Jan 30, 2020
Lexus, initially built its reputation by building quiet, poised sedans that effortlessly eased the owners into the lap of luxury. Customers raved about its sophisticated crossover that set the pace for competitors that scrambled to keep pace. Throughout the years,...
by Michael Strong | Jan 30, 2020
Looking for ways to become more efficient, UPS is eliminating delivery drivers through a new partnership with Waymo in the Phoenix area. The pilot program will have the delivery giant using Waymo’s self-driving Chrysler Pacifica minivans to deliver packages from UPS...
by Paul A. Eisenstein | Jan 30, 2020
This story has been updated with new information. It’s been the worst-kept secret in Detroit but now, General Motors is not only confirming the debut of the Hummer pickup during the upcoming Super Bowl but filling in some key details. And the numbers are likely to...
by Michael Strong | Jan 29, 2020
Tesla Inc. enjoyed its best year ever in 2019 and has bigger expectations for 2020, including producing more than 500K vehicles worldwide, positive net income going forward and limited production of the the company’s semi truck will begin. “We expect positive GAAP net...
by Paul A. Eisenstein | Jan 29, 2020
Lincoln is preparing to introduce its first all-electric model and is turning to Detroit-based start-up Rivian for help. The announcement confirms a report published by TheDetroitBureau.com last month. Neither Lincoln nor Rivian are offering specific details on the...
by Joseph Szczesny | Jan 29, 2020
Nissan Motor Co., which saw its U.S. sales drop 10% last year, is preparing to offer voluntary separation packages to older workers in the as it tries to resize itself to match lower sales. The Japanese automaker wouldn’t say how many employees it is targeting to...
by Joseph Szczesny | Jan 29, 2020
Analysts at TrueCar are predicting, just like in 2019, sales of new vehicles will get off to a slow start in January. Meanwhile, a new study from IHS Markit found the growth rate of those households with sedans acquiring sport-utility vehicles is slowing in the U.S....
by Paul A. Eisenstein | Jan 29, 2020
Genesis, the fledgling Korean luxury brand, expects to bring its first all-electric model to market a bit more than two years from now, several company sources confirmed during the debut of the automaker’s first SUV, the GV80, in Miami Beach on Tuesday night. The...
by Paul A. Eisenstein | Jan 29, 2020
Genesis, the luxury brand spun off from Hyundai Motor Co., is finally set to fill the yawning gap in its line-up, the South Korean marque staging the official U.S. debut of the 2021 GV80, its first sport-utility vehicle, during a splashy event in Miami Beach. With...