by Paul A. Eisenstein | Dec 30, 2019
The Volkswagen brand expects to be selling at least 1 million battery-electric vehicles, or BEVs, annually by 2023, the automaker says, moving that target up by a full two years. The announcement by the German automaker also anticipated reaching sales of 1.5 million...
by Paul A. Eisenstein | Dec 27, 2019
I recently attended a holiday party in which each of us was asked to make predictions for the year ahead. Among my own prognostications I suggested that 2020 will finally be the year of the electric vehicle – or at least the year in which demand finally starts to gain...
by Joseph Szczesny | Dec 26, 2019
BMW Group, which is in the midst of a heated sales race with Mercedes-Benz for the top spot in luxury sales in the U.S., is being investigated by the U.S. Securities and Exchange Commission, the company confirmed. The inquiry is focused on the company’s sales...
by Paul A. Eisenstein | Dec 24, 2019
Is there room for the steering wheel in tomorrow’s autonomous vehicles? Depends on whom you ask, it seems. General Motors CEO Mary Barra personally met with the head of the U.S. Department of Transportation last week in a bid to win approval for a batch of...
by Michael Strong | Dec 23, 2019
If the massive recalls by General Motors and Takata in recent years have taught the public anything, it’s that vehicle owners are bad about bringing those vehicles to get the fixes necessary to make those cars, trucks and utes safe. Now, the Center for Auto Safety, a...
by Paul A. Eisenstein | Dec 23, 2019
Range and cost are two of the biggest hurdles faced by proponents of battery-electric vehicles, but a Phoenix-based truck company start-up claims it has developed “the Holy Grail of batteries,” a new technology that can pack about twice as much energy into a given...
by Michael Strong | Dec 19, 2019
Mercedes-Benz USA has agreed to pay as much as $20 million fines due its failure to handle U.S. vehicle recalls correctly. The penalty was dealt after the National Highway Traffic Safety Administration conducted a one-year investigation of 1.4 million vehicles...
by Michael Strong | Dec 18, 2019
Automakers will pay nearly $3 billion more in tariffs as a result of the higher content rules set forth in the new version of NAFTA, or the U.S.-Mexico-Canada Trade Agreement, as President Donald Trump has dubbed it. The lofty figure comes from an estimate by the...
by Paul A. Eisenstein | Dec 18, 2019
Officials from Fiat Chrysler Automobiles and Groupe PSA have inked a binding memorandum of understanding, or MoU that is expected to led to their formal merger in 12 to 15 months. The agreement, which comes six weeks after the two automakers confirmed they were...
by Paul A. Eisenstein | Dec 17, 2019
Fiat Chrysler Automobiles and PSA Group are expected to take the critical next step in their march towards a merger Wednesday by issuing a binding memorandum of understanding. The boards of the two companies were meeting separately on Tuesday to discuss their plans...
by Michael Strong | Dec 16, 2019
Volvo Cars issues $519 million worth of convertible preference shares, or preferred stock, to replace a similar sized issue that was maturing, to a group of institutional investors. The group of Swedish institutional investors included Swedish pension fund AMF and...
by Joseph Szczesny | Dec 16, 2019
Daimler AG has been replacing mirrors with cameras on an increasing number of trucks with the familiar Mercedes star. The big mirrors, which are a major aerodynamic drag, are being small streamlined. Camera arms are mounted on the roof frame on trucks sold in Europe....
