by Joseph Szczesny | Apr 26, 2019
Daimler AG’s income dropped by double digits in the first quarts as sales of Mercedes-Benz vehicles fell in markets around the world, reducing the unit’s earnings before interest and taxes by 37%. The adverse development at Mercedes-Benz led to a decline of 13% in...
by Paul A. Eisenstein | Apr 25, 2019
Automotive manufacturers have made significant improvements in safety in recent years, but rear-seat passengers may be getting left behind, according to a new study by the Insurance Institute for Highway Safety. The insurance industry trade group studied more than 100...
by Michael Strong | Apr 24, 2019
As U.S. auto safety regulators are attempting to wind down the ongoing Takata airbag debacle, they are now investigating nearly 12.3 million vehicles with airbags that may not inflate during a collision. The vehicles are equipped with airbags produced by ZF-TRW,...
by Michael Strong | Apr 22, 2019
On the day jailed former Nissan Chairman Carlos Ghosn’s was supposed to be released, Japanese prosecutors brought a new charge against him virtually assuring he would remain in custody for the near future. The authorities added a fourth charge after finding out that...
by Joseph Szczesny | Apr 19, 2019
Detroit’s automakers are rushing to defend a report from the Trump administration that touts the benefits of the new North American Free Trade Agreement. The Trump administration report, produced by the United States Trade Representative (USTR), was released Thursday...
by Michael Strong | Apr 15, 2019
Former Volkswagen CEO Martin Winterkorn was charged with fraud on Monday by German prosecutors for his role in the automaker’s diesel emissions testing scandal. The scandal came to light in 2015. “Former Chief Executive Dr. Martin Winterkorn is being charged with a...
by Paul A. Eisenstein | Apr 12, 2019
Sales of battery-based vehicles have finally begun to escalate as their availability – along with public awareness – grows. But a new survey suggests that consumers are pigeonholing them into a niche that could limit their popularity. Nearly two out of three American...
by Michael Strong | Apr 9, 2019
Automakers and suppliers are beginning to feel the sting of long delays at the U.S.-Mexico border crossing that have cut the number of inbound trucks to the U.S. by half due to delays as a long as 17 hours. The reason for the delay is a decision by the Trump...
by Paul A. Eisenstein | Apr 8, 2019
Fiat Chrysler Automobiles has come up with an intriguing way to head off hundreds of millions of dollars in fines from the European Union for missing its emissions targets, a solution that will team it up with its upstart competitor Tesla. FCA is using an “open pool”...
by Michael Strong | Apr 5, 2019
After completing its investigation, it was determined that collusion did occur … between Volkswagen, BMW and Daimler AG, European Union investigators said in a preliminary report. EU authorities declared the three German automakers colluded to limit the development of...
by Michael Strong | Mar 27, 2019
The ongoing feud between Tesla CEO Elon Musk and the Securities and Exchange Commission about whether or not the brash executive should be held in contempt over a recent tweet is going to be resolved April 4 – in U.S. District Court. U.S. District Judge Alison Nathan...
by Michael Strong | Mar 22, 2019
One of the issues limiting the appeal of electric vehicles is recharging, but Oslo, Norway will be the world’s first city to mitigate that problem as it will install wireless charging systems for taxi cabs. The city is requiring all of its taxis be zero-emission...
