by Paul A. Eisenstein | Dec 18, 2019
Officials from Fiat Chrysler Automobiles and Groupe PSA have inked a binding memorandum of understanding, or MoU that is expected to led to their formal merger in 12 to 15 months. The agreement, which comes six weeks after the two automakers confirmed they were...
by Michael Strong | Dec 17, 2019
Ford Motor Co. is investing more than $1.45 billion in two Michigan plants to bolster is truck production and development and production of electric and autonomous vehicles. The Dearborn, Michigan-based automaker will add a total of 3,000 jobs at facilities in...
by Paul A. Eisenstein | Dec 17, 2019
Sedan sales may be tumbling in the wake of the ongoing SUV surge – enough that Detroit automakers have all but given up on these three-box designs – but Korean carmakers seem determined to hang on and, if anything, capture some buyers who need a new place to call...
by Paul A. Eisenstein | Dec 17, 2019
Fiat Chrysler Automobiles and PSA Group are expected to take the critical next step in their march towards a merger Wednesday by issuing a binding memorandum of understanding. The boards of the two companies were meeting separately on Tuesday to discuss their plans...
by Paul A. Eisenstein | Dec 17, 2019
The auto industry is investing billions of dollars to shift from gas to electric drivetrain technology, but a variety of obstacles have slowed consumer acceptance, starting with the lack of an available public charging network. In a bid to speed up the installation...
by Joseph Szczesny | Dec 17, 2019
Daimler AG and BMW are moving to demonstrate the future of the automobile industry with a series of joint ventures that debuted in February. The two auto companies created new joint-venture companies, merging their previously launched individual various mobility...
by Michael Strong | Dec 16, 2019
One of the drivers of electric vehicle sales in the U.S. has been the $7,500 federal tax credit some buyers are eligible for when they buy a battery-electric vehicle; however, it appears a push to extend that credit will fall short. Automakers, especially General...
by Paul A. Eisenstein | Dec 16, 2019
The sedan is dead, or so goes the current conventional wisdom. There’s no question that sales have taken a tumble as SUV fever sweeps across America, but as Mark Twain might have said, “reports of the demise of the sedan have been greatly exaggerated.” They still...
by Paul A. Eisenstein | Dec 16, 2019
There are three sizable roadblocks to broad public acceptance of electric vehicles: cost, range, and the availability of public charging stations – but all three obstacles are beginning to crumble. With battery costs dropping fast, next-generation EVs are starting to...
by Michael Strong | Dec 16, 2019
Volvo Cars issues $519 million worth of convertible preference shares, or preferred stock, to replace a similar sized issue that was maturing, to a group of institutional investors. The group of Swedish institutional investors included Swedish pension fund AMF and...
by Joseph Szczesny | Dec 16, 2019
Daimler AG has been replacing mirrors with cameras on an increasing number of trucks with the familiar Mercedes star. The big mirrors, which are a major aerodynamic drag, are being small streamlined. Camera arms are mounted on the roof frame on trucks sold in Europe....
by Michael Strong | Dec 13, 2019
It appears that Lexus, Mercedes-Benz, GMC and other automakers have lashed enough giant red bows to vehicles in December to change the shopping habits of new vehicle buyers as 60% of carmakers now see December as their biggest sales month of the year. Typically, there...
