by Paul A. Eisenstein | Aug 17, 2020
This is turning into a big year for the EV market, as an array of new offerings, from the Porsche Panamera to Ford Mustang Mach-E, roll into showrooms. But only one new entry seems to have buyers plugging in at any significant volume: the Tesla Model Y. A look at the...
by Michael Strong | Aug 14, 2020
Just days after a California judge ruled in favor of a state law that would force Uber and Lyft to classify their drivers as employees and not independent contracts, the same judge declined to extend the deadline to appeal the preliminary injunction he issued staying...
by Joseph Szczesny | Aug 14, 2020
A federal judge in Detroit tossed out General Motors’ bid to amend its original lawsuit against Fiat Chrysler Automobiles N.V. alleging that FCA had conspired with officials of the United Auto Workers to harm GM. Judge Paul Borman, who also threw out the original...
by Michael Strong | Aug 13, 2020
Ford is recalling more than 500K vehicles in three separate actions, although most of that total is accounted for in one single effort involving Ford Edge and Lincoln MKX models with brake issues. The first recall involves more than 500,000 select 2015-18 Ford Edge...
by Paul A. Eisenstein | Aug 12, 2020
Lucid Motors, a California-based EV maker, plans to unveil its first production model during a web event next month, the Lucid Air set to go on sale during the coming model year. The startup is just one of a long list of new brands hoping to crack the U.S. market...
by Michael Strong | Aug 12, 2020
It’s been a tough year for new vehicle sales due to the pandemic, but they haven’t halted completely and used car sales have taken up some of the slack. In short, there are still buyers out there. Given the current state of the economy, some of those shoppers may be...
by Michael Strong | Aug 12, 2020
Tesla Inc. keeps on riding high, its share price rising 7.8% since the company announced a five-for-one stock split Tuesday. Trading at little more than $1,481 in early trading Wednesday, the split adding a little more fuel for the share’s continued rocket-like upward...
by Joseph Szczesny | Aug 12, 2020
Most parents don’t take nearly five months to name their new “child,” but it’s taken Hyundai and Aptiv, the big automotive supplier, that long to come up with the right one for the collaboration in autonomous vehicles they launched in March — Motional. The two words...
by Michael Strong | Aug 11, 2020
While U.S. automakers continue to sales dip due to the ongoing impact of the coronavirus, China reported its fourth consecutive month of improved results, sales jumping 16.4% compared with year-ago figures. It’s not all good news for the world’s largest market....
by Michael Strong | Aug 11, 2020
Automakers have been luring high-level executives from outside the industry for several years, and the tech industry struck back as General Motors CFO Dhivya Suryadevara is leaving to take the same role at Stripe, an online payment startup. Suryadevara was named chief...
by Joseph Szczesny | Aug 10, 2020
Fiat Chrysler Automobile N.V. fired back at General Motors Co. in a filing that is part of the contentious lawsuit that has seen GM claim that FCA had conspired with key officials from the United Auto Workers to undermine GM’s competitive position during the past...
by Michael Strong | Aug 7, 2020
U.S. auto sales have been hammered since the coronavirus pandemic hit the country in late February and early March. After tough results in March and April, the market has slowly begun to bounce back, offering encouragement to automakers and the industry and leading...
