by Paul A. Eisenstein | Sep 10, 2019
Daimler AG, the parent of the Smart and Mercedes-Benz brands, plans to spend nearly $25 billion on batteries and the plants to build them during the next decade, and that doesn’t even factor in the billions more it will invest in developing an array of all-electric...
by Paul A. Eisenstein | Sep 5, 2019
Volkswagen plans to take some big steps at the Frankfurt Motor Show next week, the automaker not only introducing the production version of its first long-range battery-electric vehicle but also badging the BEV with the first major makeover of its familiar logo in...
by Paul A. Eisenstein | Aug 29, 2019
Residents of the Detroit suburb of Pleasant Ridge know to wait a couple extra seconds after the light changes to green at the intersection where busy Woodward Avenue meets the interchange with I-696. Almost every day, police are called out to deal with crashes caused...
by Michael Strong | Aug 13, 2019
Few industries see the disparity between the best quality vehicles and the brands most favored by consumers like the automotive industry does. That difference came to the fore again as AutoPacific announced its 2019 Vehicle Satisfaction Award winners: Lincoln, Ram and...
by Michael Strong | Aug 8, 2019
In July, new vehicle sales in the U.S. ticked up slightly as buyers finally decided to take advantage of the good deals afforded them by three consecutive months of interest rate cuts by auto lenders; however, interest rates are likely as low as they’re going to get....
by Joseph Szczesny | Aug 1, 2019
Sales of new vehicles held their own during July with help from cuts in interest rates and increased marketing efforts by carmakers, that are finding it more difficult to gain ground. Nevertheless, Toyota, Honda, Subaru and Hyundai all posted modest gains. Detroit’s...
by Paul A. Eisenstein | Jul 30, 2019
It’s not been a good couple weeks for the ride-sharing industry, on the whole. Cruise Automation, the General Motors autonomous technology unit, has indefinitely delayed the launch of its self-driving service. And Lyft, the second-largest U.S. ride-share operation,...
by Michael Strong | Jul 29, 2019
For decades, Americans often measured their success by the size of their house and, perhaps even more so, what kind of car was sitting in the driveway. A new study suggests not much has changed. In fact, the pressure to “keep up with the Joneses” is still a...
by Joseph Szczesny | Jul 25, 2019
Edmunds, the vehicle buying service, is predicting a small increase in sales for the first time in several months when the industry releases a partial list of sales numbers next week. The forecast by Edmunds estimates sales will total 1.38 million new cars and trucks...
by Michael Strong | Jul 23, 2019
AutoNation named Cheryl Miller, the company’s CFO, to take the reins as Chief Executive Officer — the auto retailer’s second person to hold the job in the four months since long-standing CEO Mike Jackson gave up the job. Miller is replacing Carl Libbert, who took over...
by Michael Strong | Jul 3, 2019
With new cars, trucks and utility vehicles selling at higher-than-ever prices, automakers and other lenders are looking for ways to offset sticker shock, so for the second month in a row, they’ve cut interest rates. The average interest rate for a new-vehicle loan...
by Paul A. Eisenstein | Jul 3, 2019
Lee Iacocca, who was born to struggling immigrant parents in Allentown, Pennsylvania and who grew up to become one of the most influential executives in automotive history, has died at the age of 94. Trained as a an engineer, Lido Anthony Iacocca’s real skills proved...
