by Michael Strong | Jul 10, 2020
The faith of investors in electric vehicles keeps on growing with Rivian being the latest to secure a bundle of cash: $2.5 billion led by T. Rowe Price. Rivian’s influx of new funds comes just a day after Fisker Inc. revealed it received $50 million in new funding to...
by Joseph Szczesny | Jul 10, 2020
Daimler AG CEO Ola Källenius used the company’s virtual annual meeting this week to show off new technology being used in the next generation S-Class sedan, predicting it will set new standards for luxury vehicles. Källenius said 48-volt battery will be standard and...
by Paul A. Eisenstein | Jul 9, 2020
EV startup Fisker Inc. is discussing a possible sale that would mark the first step in a plan to take the company public. TheDetroitBureau.com was able to confirm several key details of a story first reported Wednesday afternoon by Reuters news service, though the...
by Michael Strong | Jul 9, 2020
Clearly the pandemic has changed the world as we know it and in the auto industry some executives have noted the changes are likely to have long-term ramifications, especially when it comes to sales — and now there’s hard evidence to support that notion. A new report...
by Michael Strong | Jul 9, 2020
(This story has been updated with new information about Chinese auto sales.) Ford’s efforts to reverse its long struggle to sell vehicles in China may have started to take root, as the automaker saw its second-quarter sales rise 3% in the world’s largest automotive...
by Paul A. Eisenstein | Jul 9, 2020
The California-based EV startup Fisker Inc. locked down $50 million in hedge fund money this week, an investment the company says should help it take its Ocean SUV from concept to production by 2022. Located in suburban Los Angeles, the company is the second effort by...
by Joseph Szczesny | Jul 9, 2020
General Motors’ lawsuit claiming rival Fiat Chrysler had corrupted officials of the United Auto Workers union in a bid to gain a competitive advantage, has been dismissed by a federal judge in Detroit. GM filed the high-profile lawsuit last November, but Judge Paul...
by Paul A. Eisenstein | Jul 8, 2020
Steve Carlisle, who has served as head of Cadillac for the past two years, has been named the new president of General Motors North American operations. The 58-year-old Carlisle replaces Barry Engle, who was said to be seeking to pursue other opportunities. When he...
by Joseph Szczesny | Jul 8, 2020
The pandemic remains a challenge of historic proportions, Daimler AG executives said during a shareholders meeting conducted via the Internet after it was postponed from its original date in April as COVID-19 spread across Europe. During the meeting, shareholders were...
by Michael Strong | Jul 7, 2020
Volkswagen has been making a bunch of noise about a wave of electrified products it plans to swamp the automotive market with, but it’s the parent company’s premium brand, Audi, that seems to be leading the charge, including its new Q4 e-tron Sportback. The second...
by Michael Strong | Jul 7, 2020
While new vehicle sales in the U.S. continue to lag due to the coronavirus pandemic, used-car sales are seeing much better results during the same time frame. Last month, new car sales fell nearly 30% while sales of used vehicles jumped 17% above the pre-pandemic...
by Paul A. Eisenstein | Jul 7, 2020
Nissan has the distinction of bringing to market the world’s first mass-market battery-electric vehicle and, for the better part of a half-decade, the Leaf was also the best-selling battery-car. But times have changed, especially with the arrival of Tesla which now...
