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
The automotive industry has been hammered by the coronavirus pandemic, but despite some calls for a bailout that could resemble the Cash-for-Clunkers deal launched during the Great Recession, a federal stimulus program seems both unlikely and unnecessary, according to...
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 6, 2020
An era came to an end last week with little fanfare or even real recognition: Ford Motor Co. produced its last Fusion midsize sedan, essentially completing its shift away from sedans in its product line-up. The Dearborn, Michigan-based automaker didn’t play up the...
by Paul A. Eisenstein | Aug 5, 2020
Only days after saying the show must go on, the Specialty Equipment Market Association has tossed in the towel, announcing that it has cancelled the annual SEMA Show in Las Vegas. Originally scheduled to take place from Nov. 3–6, the event joins a long and growing...
by Michael Strong | Aug 5, 2020
It’s not just electric vehicle makers attracting investors these days as EV charging network company ChargePoint just secured $127 million in new funding, raising its total from investors to $660 million in just more than a decade. The latest round of funding is...
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
General Motors has filed an amended complaint in its federal lawsuit against Fiat Chrysler Automobiles, saying it has uncovered new evidence in recent days showing that FCA had set up back accounts in multiple countries to handle bribes to insure the silence of key...
by Paul A. Eisenstein | Aug 4, 2020
Ford Motor Co. Chief Executive Jim Hackett will be stepping down on Oct. 1, with the automaker’s 58-year-old chief operating officer Jim Farley named to replace him. Ford has gone through a series of management changes in recent years, the second-largest Detroit...
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%...
