by Michael Strong | Apr 30, 2020
The battery-electric work vehicle market is getting a little more crowded as Bollinger Motors has jumped into the fray with a specialized variant of its all-electric B2 called the B2 Chassis Cab, or B2CC. The B2CC is the world’s first and only Class 3...
by Michael Strong | Apr 30, 2020
Despite the tough times the auto industry is currently enduring, Tesla CEO Elon Musk is ready to move ahead, starting with picking a location for a new Gigafactory in the U.S. The location for the new plant, which is expected to be somewhere in the Midwest or...
by Michael Strong | Apr 29, 2020
As other automakers tersely offer up first quarter earnings results that were well below what was predicted even as recently as the end of February, Tesla’s report is sprinkled with optimistic thoughts and positive results — starting with a first-time ever GAAP...
by Paul A. Eisenstein | Apr 29, 2020
While the U.S. automotive market is in the midst of its worst slump since the Great Recession, sales during the coronavirus pandemic haven’t tumbled quite as badly as originally expected – and there are signs of “recovery nearly everywhere,” according to J.D. Power....
by Paul A. Eisenstein | Apr 29, 2020
Toyota is pushing back the planned reopening of its U.S. manufacturing network by a week, workers now expected to begin reporting to their posts on May 11. The Japanese giant becomes the latest on a growing list of automakers who have delayed restarting production due...
by Michael Strong | Apr 29, 2020
Daimler AG officials offered up a familiar story when reporting its Q1 2020 profits dropped significantly compared with the year ago results: The coronavirus hit the company’s sales and bottom line hard. The company’s total unit sales dropped 17% to 644,300 passenger...
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 29, 2020
With the economy closed from coast to coast, ALG Inc. analysts are predicting that sales of new vehicles will decline by more than 50% in April to their lowest points in 40 years. ALG, a subsidiary of TrueCar Inc., expects total new vehicle sales will reach 638,092...
by Michael Strong | Apr 28, 2020
Ford Motor Co. reported a first quarter net loss of $2 billion as the automaker – like many others – grappled with the impact of global coronavirus pandemic, noting it had a negative impact of “at least” $2 billion during the period. The company’s...
by Michael Strong | Apr 28, 2020
As automakers scramble to try to find ways to stem expected losses due to the impact of the coronavirus pandemic, Nissan officials revealed the company is likely to post its first full-year operating loss in more than a decade. The automaker, which is in the midst of...
by Paul A. Eisenstein | Apr 28, 2020
(This story has been updated to show Honda is now set to open its U.S. plants on May 11.) Yet again, Detroit’s Big Three automakers are planning to push back their launch of production as the country slowly begins to emerge from the lockdown created by the coronavirus...
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...
