by Joseph Szczesny | Aug 14, 2020
A federal judge in Detroit tossed out General Motors’ bid to amend its original lawsuit against Fiat Chrysler Automobiles N.V. alleging that FCA had conspired with officials of the United Auto Workers to harm GM. Judge Paul Borman, who also threw out the original...
by Joseph Szczesny | Aug 14, 2020
The fallout from the dieselgate scandal continues to climb for Daimler AG, which has agreed to pay more than $2.2 billion in settlements with U.S. authorities and a class-action lawsuit. The company expects to pay an additional “mid-three-digit million” euros in fines...
by Paul A. Eisenstein | Aug 13, 2020
Hyundai is one of the handful of automakers promising to remain in the sedan market even as millions of motorists migrate to SUVs and CUVs – which is why many of the Korean carmaker’s fans were surprised and disappointed to learn that it was dropping the Elantra GT...
by Paul A. Eisenstein | Aug 12, 2020
Lucid Motors, a California-based EV maker, plans to unveil its first production model during a web event next month, the Lucid Air set to go on sale during the coming model year. The startup is just one of a long list of new brands hoping to crack the U.S. market...
by Michael Strong | Aug 12, 2020
It’s been a tough year for new vehicle sales due to the pandemic, but they haven’t halted completely and used car sales have taken up some of the slack. In short, there are still buyers out there. Given the current state of the economy, some of those shoppers may be...
by Michael Strong | Aug 12, 2020
Tesla Inc. keeps on riding high, its share price rising 7.8% since the company announced a five-for-one stock split Tuesday. Trading at little more than $1,481 in early trading Wednesday, the split adding a little more fuel for the share’s continued rocket-like upward...
by Joseph Szczesny | Aug 12, 2020
Most parents don’t take nearly five months to name their new “child,” but it’s taken Hyundai and Aptiv, the big automotive supplier, that long to come up with the right one for the collaboration in autonomous vehicles they launched in March — Motional. The two words...
by Michael Strong | Aug 11, 2020
While U.S. automakers continue to sales dip due to the ongoing impact of the coronavirus, China reported its fourth consecutive month of improved results, sales jumping 16.4% compared with year-ago figures. It’s not all good news for the world’s largest market....
by Michael Strong | Aug 11, 2020
Automakers have been luring high-level executives from outside the industry for several years, and the tech industry struck back as General Motors CFO Dhivya Suryadevara is leaving to take the same role at Stripe, an online payment startup. Suryadevara was named chief...
by Joseph Szczesny | Aug 11, 2020
Lexus has not been around as long as say Mercedes-Benz or Cadillac. Nonetheless it is well established in automotive culture as a purveyor of luxury vehicles made with great care. While Lexus seems to have spent more of its time and money building luxury sport-utility...
by Joseph Szczesny | Aug 11, 2020
In a fight critical to their future business model, Uber and Lyft have lost a battle in their legal fight about whether their drivers are company employees or independent contractors. A state judge in California ruled in favor of a new state law, Assembly Bill 5,...
by Paul A. Eisenstein | Aug 11, 2020
The debut of the production Lucid Air is still a month away but the EV startup has been ramping up its pre-launch PR campaign – and the latest news is enough to get us to sit up and pay attention. There has been a steady ramp up of range as manufacturers work to push...
