by Michael Strong | Aug 7, 2020
Toyota Motor Corp. surprised analysts by turning a small profit for the quarter, albeit the company’s smallest profit in nearly a decade, overcoming poor sales globally due to the impact of the coronavirus pandemic. The company reported an operating profit of 13.9...
by Paul A. Eisenstein | Aug 6, 2020
Ford plans to introduce its new Active Drive Assist system on several 2021 models, including the all-electric Mach-E, while Cadillac is expanding the use of its own Super Cruise in the coming year, both systems allowing drivers to travel for extended periods with...
by Joseph Szczesny | Aug 6, 2020
While autonomous vehicles hold great promise, the investment in the technology has shrunk substantially, the CEO and co-founder of a leading AV firm revealed at the Center for Automotive Research’s Management Briefing Seminars this week. Chris Urmson, a leading...
by Michael Strong | Aug 5, 2020
Japanese automaker Honda reported an operating loss of $1.07 billion, or 113.6 billion yen, on revenue as the global pandemic hampered sales in across the board. Officials predicted the company would be profitable for the fiscal year, which ends March 2021, but it...
by Joseph Szczesny | Aug 5, 2020
In a blistering statement, former UAW President Ron Gettelfinger denied accusations from lawyers for General Motors he had accepted money deposited in foreign banks in return for promoting the business objectives of former Fiat Chrysler Automobiles N.V. CEO Sergio...
by Joseph Szczesny | Aug 4, 2020
July was another tough month for automakers with Subaru and Toyota perhaps taking the biggest hits, reporting sales drops of better than 20% in July while Lexus saw its sales decline 9.9% last month. However, it wasn’t all doom and gloom as Hyundai reported a 1%...
by Joseph Szczesny | Jul 31, 2020
Fiat Chrysler Automobile N.V. financial results were “significantly” better than expected during the second quarter despite the losses the company suffered as its shipments to dealers dropped by two-thirds due to the impact of the COVID-19 pandemic The company...
by Paul A. Eisenstein | Jul 28, 2020
U.S. motorists are holding onto their vehicles longer than ever, according to a new study, and the COVID-19 pandemic is getting much of the blame. The typical car, truck and crossover is now a record 11.9 years old, reports IHS Markit, a month older than they were in...
by Paul A. Eisenstein | Jul 28, 2020
Hammered by the global pandemic, Nissan Motor Co. expects to post a record $4.5 billion loss for the fiscal year ending next March, with a full recovery likely two years away. That would mark the second consecutive annual loss for the Japanese automaker, Nissan going...
by Michael Strong | Jul 24, 2020
For those who saw rental car giant Hertz’s bankruptcy filing as a way to get a good deal on a used vehicle because the company would be selling off thousands of vehicles, it may be time to get that checkbook ready. Hertz Global Holdings Inc. met with its lenders and...
by Joseph Szczesny | Jul 24, 2020
With some help from Fiat Chrysler, Waymo is expanding its push into commercial vehicles. FCA and Waymo, which already have a well-established partnership, said this week they are taking the next significant steps “in the expansion of their successful autonomous...
by Michael Strong | Jul 23, 2020
There is a simple way to save more than 9,000 lives annually: use in-car technology to eliminate drunk driving. That’s according to a new study from the Insurance Institute for Highway Safety, which adds that if alcohol-detection devices were installed in...
