by Paul A. Eisenstein | Jul 29, 2020
General Motors will officially unveil the new, all-electric GMC Hummer “later this fall,” the automaker announced Wednesday. Plans for the “world’s first super truck,” as CEO Mary Barra described it, were teased during a high-profile Super Bowl...
by Paul A. Eisenstein | Jul 29, 2020
It’s been a tough year for auto shows, virtually every major global event this year, from New York to Paris to Beijing, canceled in the face of the coronavirus crisis. And what will happen in 2021 is far from certain, but the coming year could get off to a bad start....
by Joseph Szczesny | Jul 29, 2020
July sales are expected to look weak when the numbers are posted next week as sales continue to drift sideways as the pandemic keeps a tight grip on the U.S. economy. Cox Senior Economist Charlie Chesbrough is calling for July auto sales volume to be down 19% versus...
by Paul A. Eisenstein | Jul 29, 2020
General Motors was able to circle the wagons and beat back the full brunt of the coronavirus pandemic during the second quarter, solidly outperforming the gloomy outlook forecast by Wall Street. With factories shuttered for two months and sales sagging to Great...
by Michael Strong | Jul 28, 2020
(This story has been updated with new information.) Safety advocates pushing for new technology that would alert drivers if they leave a child in their vehicle after leaving it say the new devices could lower the cost of sensor technology in current and coming...
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 27, 2020
Without question, the global pandemic has hampered the auto industry in innumerable ways, but it’s also acted as a catalyst to move dealers and automakers further into the digital age of retailing out of necessity. Things such as online buying and working from home on...
by Joseph Szczesny | Jul 27, 2020
General Motors, along with several other top automakers including BMW, Mercedes-Benz and Volkswagen, have been accused of using forced labor at factories in China by an Australian think tank. The report from the Australian Strategic Policy Institute contradicts GM’s...
by Paul A. Eisenstein | Jul 24, 2020
The son of former Renault-Nissan-Mitsubishi Alliance boss Carlos Ghosn used $500,000 in cryptocurrency to help his father flee from Japan where he was facing trial for corruption, according to new documents filed in federal court in Boston. The allegation emerged as...
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
Tesla filed lawsuit against electric vehicle rival Rivian, which is preparing to launch its pair of electric vehicles in 2021, claiming the up-and-coming EV maker is violating the law to get a leg up. In court documents filed in the Superior Court of California of...
