by Paul A. Eisenstein | Oct 30, 2019
Just months after merger talks with Renault collapsed, Fiat Chrysler Automobiles is in the midst of negotiating a similar deal with another French automaker, Renault’s archrival PSA, FCA confirmed Wednesday. The two companies have had ties for a number of years and,...
by Paul A. Eisenstein | Oct 29, 2019
(Correction: in the second-to-last paragraph, it is GM, not Ford, that has come in for sharp criticism by Sen. Tom Carper.) General Motors, Fiat Chrysler and Toyota have stepped into the legal battle triggered by last month’s White House announcement that it would...
by Paul A. Eisenstein | Oct 28, 2019
The new Mini Cooper SE will carry a base price of $29,900, the British automaker announced today, making it one of the most affordable all-electric models on the market. But there’s a trade-off. While Mini hasn’t formally announced U.S. range for the SE model, it said...
by Michael Strong | Oct 25, 2019
Subaru of America is recalling more than 450,000 late-model Imprezas and Crosstreks in two separate actions. The recalls cover as many as 466,205 vehicles, according to Subaru in a statement to the National Highway Traffic and Safety Administration. The first recall...
by Paul A. Eisenstein | Oct 25, 2019
Senate Minority Leader Chuck Schumer wants to replace gas and diesel vehicles with those using clean, electric power, and he’s unveiled a three-part, $462 billion plan that he hopes to pass into law if Democrats regain control of Capitol Hill following the 2020...
by Joseph Szczesny | Oct 24, 2019
Daimler AG, with help from positive exchange rates, posted an 8% increase in third quarter earnings before interest and taxes to 2.7 billion euros. Revenue, also aided by positive exchange rates, climbed by 8% rose to 43.3 billion euros while unit sales increased 6%...
by Joseph Szczesny | Oct 23, 2019
Ford Motor Co. reported its net income was cut by more than half in the third quarter, dropping to $425 million from $1 billion in the same three-month period in 2018. The company’s margins also declined to 1.1% from 2.6% in the third quarter a year ago. A decline in...
by Michael Strong | Oct 23, 2019
Honda Motor Europe is following its recent announcement to end diesel vehicle sales by revising its plan to sell only electric and hybrid cars in Europe in the next few years. The Japanese automaker made noise earlier this year when officials said they planned to...
by Paul A. Eisenstein | Oct 16, 2019
Volvo is planning to plug into battery-electric technology in a big way, the automaker on Wednesday revealing its first-ever all-electric vehicle, a version of its XC40 crossover, while also announcing it will become part of a new brand-within-a-brand dubbed Recharge....
by Paul A. Eisenstein | Oct 16, 2019
Even before announcing its first-ever all-electric vehicle, Volvo has outlined a broad new plan to address its contribution to climate change, including the launch of a separate brand for battery-cars that will called “Recharge.” In the short-term, the Swedish...
by Michael Strong | Oct 10, 2019
Nissan kicked off production of the European version of its new Juke sport-utility vehicle in northern England as questions swirled about the potential impact Brexit will have on its operations there. The Sunderland plant is the largest automotive factory in Great...
by Joseph Szczesny | Oct 8, 2019
With the battle with the United Auto Workers also becoming a fight for shareholder support, a coalition of major shareholders are demanding that General Motor Co. join other automakers, including Ford Motor Co., and sign an agreement to honor California’s clean...
