by Paul A. Eisenstein | Apr 22, 2020
New car sales were down by about 48% last week as the coronavirus pandemic continued to take its toll – but that actually was the good news, according to J.D. Power analysts whose earlier forecasts predicted U.S. demand was likely to tumble by as much as 80% for all...
by Michael Strong | Apr 22, 2020
Amidst all the doom and gloom dominating everyone’s daily lives, comes another reason to remember that that better days are ahead: Earth Day! That’s right. Today is the day we celebrate Mother Earth and while it may not seem like there is much to be happy about, there...
by Paul A. Eisenstein | Apr 21, 2020
Car sales have plunged to near zero in some parts of the U.S., notably Detroit, San Francisco and a few of the other markets with major coronavirus outbreaks, while overall U.S. demand during the first half of the month was off about 55%, according to J.D. Power. What...
by Paul A. Eisenstein | Apr 21, 2020
With most of the U.S. currently facing shelter-in-place orders, Americans have gotten creative in finding ways to keep themselves entertained, especially those that have children locked down at home with them – and for many, the automobile offers a variety of...
by Joseph Szczesny | Apr 21, 2020
General Motors and DTE Energy are teaming up to accelerate Michigan’s transition to renewable energy with a deal to source 500,000 megawatt hours of solar energy as part of DTE’s MIGreenPower program. Because of cloudy skies and cold winters, Michigan has never been...
by Joseph Szczesny | Apr 21, 2020
A team of physicists in Switzerland has built what they describe as the world’s first megapixel photon-counting camera and a first-of-its-kind image sensor technology, which could make lidar systems faster and more accurate. Lidar, a surveying method that...
by Joseph Szczesny | Apr 20, 2020
The outlook for new vehicle sales this year is growing steadily more pessimistic, according to the latest new vehicle sales forecast from ALG Inc., a subsidiary of TrueCar Inc. In its latest report, ALG offers three “scenarios” for vehicle sales in 2020 and the most...
by Paul A. Eisenstein | Apr 20, 2020
Days after revealing it plans to go to the debt markets to add more cash to its reserves, Ford Motor Co. raised $8 billion by rolling out a three-part issue of new securities. There were concerns about what it would cost the automaker to raise money this way after...
by Joseph Szczesny | Apr 20, 2020
The enormous economic fallout from the COVID-19 pandemic has sent the global economy into a freefall, prompting financial regulators in Great Britain to take a look at a new strategy to help cash-strapped consumers — a moratorium on car payments. Britain’s financial...
by Michael Strong | Apr 17, 2020
Just days after saying it had “options” to bolster its cash reserves, Ford Motor Co. is going to tap the debt markets, but declined to say how much money it would be seeking. “We have a broad range of options” for obtaining additional financing if needed, a company...
by Michael Strong | Apr 16, 2020
A little more than two months after being appointed Ford Motor Co.’s Chief Operating Officer, Jim Farley is further putting his stamp on the automaker with a reorganization of the company’s top executives and responsibilities. Ford CEO Jim Hackett has been looking to...
by Paul A. Eisenstein | Apr 16, 2020
It’s been more than a month since the last Atlas sport-utility vehicle rolled out of the Volkswagen assembly plant in Chattanooga, Tennessee, but the automaker hopes to have the line begin moving again sometime during the week of April 27th, part of a “phased restart...
