by Paul A. Eisenstein | Apr 29, 2020
Ford Motor Co. is cancelling plans to develop an all-electric SUV for its Lincoln brand as part of a joint venture with EV start-up Rivian due to the coronavirus pandemic. The Lincoln EV is one of at least two product programs that Ford confirmed it has had to rethink...
by Joseph Szczesny | Apr 28, 2020
Smart cities, in theory, can be an ecosystem of technologies that use data and analytics to manage assets and resources more efficiently with user-specific applications that could enhance public safety. Some advancements in this sector are already playing a huge role...
by Michael Strong | Apr 27, 2020
General Motors’ earnings dropped in 2019 and so did those of Chairman and CEO Mary Barra, who saw her total compensation fall 1.1% to $21.6 million. The total value of Barra’s package was revealed in a filing with the Securities and Exchange Commission Monday, ahead...
by Michael Strong | Apr 23, 2020
After initially extending subsidies for purchasing electric and other zero-emission vehicles to stimulate auto sales, China’s government plans to cut those incentives by 10%. China is the world’s largest market for EVs and the government has mandated the sales of...
by Joseph Szczesny | Apr 23, 2020
Carmakers are beginning to move towards reopening plants shutdown by the coronavirus pandemic, which has battered the global automobile industry. Volkswagen of America announced its Chattanooga plant plans for employees to return to work May 3, following a six-week...
by Joseph Szczesny | Apr 21, 2020
General Motors and DTE Energy are teaming up to accelerate Michigan’s transition to renewable energy with a deal to source 500,000 megawatt hours of solar energy as part of DTE’s MIGreenPower program. Because of cloudy skies and cold winters, Michigan has never been...
by Michael Strong | Apr 20, 2020
Apparently Hyundai’s newest semi-autonomous technology feature, the oft-mimicked “Smaht Pahk” isn’t as bright as other self-parking technologies, forcing the South Korean automaker to recalled the nearly 12,000 vehicles with the option. Hyundai debuted the new tech...
by Paul A. Eisenstein | Apr 20, 2020
Days after revealing it plans to go to the debt markets to add more cash to its reserves, Ford Motor Co. raised $8 billion by rolling out a three-part issue of new securities. There were concerns about what it would cost the automaker to raise money this way after...
by Michael Strong | Apr 17, 2020
Just days after saying it had “options” to bolster its cash reserves, Ford Motor Co. is going to tap the debt markets, but declined to say how much money it would be seeking. “We have a broad range of options” for obtaining additional financing if needed, a company...
by Michael Strong | Apr 14, 2020
General Motors is moving quickly on its ventilator production, revealing Tuesday that its first models for the federal government contract are ready to be shipped. The automaker secured a $489.4-million contract with the Trump administration to produce the much-needed...
by Michael Strong | Apr 13, 2020
Americans are filing for unemployment benefits at levels never seen before, struggling to keep up with their bills. Some segments are working with consumers to make things easier, but critics charged today that auto insurers are not doing enough to help. More than 80%...
by Michael Strong | Apr 13, 2020
Less than a year after taking reins of AutoNation as President & CEO replacing Mike Jackson, Cheryl Miller is stepping down with Jackson filling in — temporarily. Miller is experiencing an undisclosed health issue, according to the company’s filing with the...
