by Joseph Szczesny | Nov 12, 2019
If the merger of PSA and Fiat Chrysler Automobiles is completed as expected, there are no plans to eliminate any brands that now belong to the two companies. PSA CEO Carlos Tavares, the architect of PSA’s turnaround who is in line to take the operational helm in the...
by Michael Strong | Oct 21, 2019
Nearly 750,000 vehicles were stolen in the United States in 2018, which is a 3.1% drop from the year prior, according to Federal Bureau of Investigations statistics. Officially, there were 748,841 vehicle thefts – nearly 75% were cars – in the United States in 2018,...
by Paul A. Eisenstein | Oct 14, 2019
Few brands had the “cool” factor of Volkswagen back in the 1960s, when products like the Beetle and the Microbus won over millions of American buyers, young and old. The German automaker is hoping to rebuild its hip brand identity – while moving past the “god-awful...
by Michael Strong | Oct 9, 2019
After a tough set of sales results for automakers last month, zero percent financing appears to be coming back with a vengeance in October. U.S. News & World Report released its “Best Deals” for the Columbus Day holiday and while just a few months ago, it was...
by Michael Strong | Oct 1, 2019
New vehicle sales in the U.S. fell during September despite the Labor Day holiday typically being one of the biggest sales weekends of the year. This, however, that didn’t hold as the holiday sales were rolled into August and this month has three fewer selling...
by Michael Strong | Sep 27, 2019
The Securities and Exchange Commission will collect a $40 million settlement from Fiat Chrysler Automobiles NV and its U.S. unit after the agency determined the automaker falsified its monthly sales reports for the better part of five years. From 2012 through 2016,...
by Joseph Szczesny | Sep 26, 2019
Analysts now estimate the new vehicle sales will wind up dropping in September when the final numbers are totaled up next week. With two fewer selling days and an early Labor Day holiday, the car shopping experts at Edmunds forecast September will be a down month for...
by Paul A. Eisenstein | Sep 26, 2019
Minnesota Governor Tim Waltz has announced that his state will adopt the strict emissions and mileage mandates set by California, echoing a decision taken by New Mexico officials just the day before. The tougher mandate “just makes sense,” Minnesota Gov. Walz said in...
by Paul A. Eisenstein | Sep 25, 2019
Bollinger, Rivian, Faraday Future and, of course, Tesla, the long stagnant automotive industry is facing a flood of new entrants that hope to crack open the long-closed door by targeting the emerging electric vehicle market. Add to the list Canoo, a start-up that not...
by Joseph Szczesny | Sep 20, 2019
Despite meeting regularly since the strike began, negotiators from the United Auto Workers and General Motors appear stuck on key issues ranging from health care to pay for temporary workers and investments in new technology. The key roadblock to ending the strike,...
by Michael Strong | Sep 17, 2019
Despite interest rates falling for most of the year, the Federal Reserve appears set to cut them once again despite the concerns by some are concerned about inflation and other issues. Weakening economic data, trade disputes, and global uncertainties, the Fed is...
by Paul A. Eisenstein | Sep 12, 2019
New vehicle prices have been rising fast in recent years and are now running closer and closer to $40,000 – but there are other things to consider if you’re looking to buy a new vehicle, and if you factor in things like interest rates and insurance, the typical new...
