by Paul A. Eisenstein | Apr 27, 2020
When the new BMW X8 comes to market, likely sometime during the 2023 model year, expect to see it paired, as is typically the case with the Bavarian automaker, with a high-performance variant. And, if reports out of Europe are to be believed, the planned X8 M will be...
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 Paul A. Eisenstein | Apr 27, 2020
Even as it prepares to restart its U.S. assembly lines, General Motors is taking a series of urgent steps to reduce the impact of the coronavirus pandemic on its balance sheet, among other things halting its dividend while also suspending its stock buyback program. It...
by Michael Strong | Apr 24, 2020
The decline in new vehicle sales due to the coronavirus pandemic isn’t just a problem for automakers’ bottom lines. The full stop on sales is taking its toll on the used car market as well, causing prices to fall precipitously. When the country enters tough economic...
by Paul A. Eisenstein | Apr 24, 2020
Subaru has long lagged the battery-car market, but the Japanese automaker may be ready to finally plug in next year with the help of it partner Toyota, reports from Japan suggesting the all-electric Subaru Evoltis will make its debut at the 2021 Tokyo Motor Show....
by Joseph Szczesny | Apr 24, 2020
General Motors is taking some tentative steps to reopen its North American plants, recalling the skilled trades and management employees they need to return to work next week to help prepare to restart production. In a message to affected UAW union members, the...
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 Paul A. Eisenstein | Apr 23, 2020
Toyota will begin the slow process of restarting U.S. manufacturing operations on May 4, the company confirmed, a process company officials stressed will focus first on creating “a safe environment for our workers,” and only then push to bring production back up to...
by Michael Strong | Apr 23, 2020
Three automakers are still assessing how their truck production will be impacted as BorgWarner, a supplier of transfer cases, works to determine how long it will take to restart operations at a South Carolina plant damaged by a tornado last week. The automakers –...
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 Paul A. Eisenstein | Apr 22, 2020
New car sales were down by about 48% last week as the coronavirus pandemic continued to take its toll – but that actually was the good news, according to J.D. Power analysts whose earlier forecasts predicted U.S. demand was likely to tumble by as much as 80% for all...
by Michael Strong | Apr 22, 2020
Amidst all the doom and gloom dominating everyone’s daily lives, comes another reason to remember that that better days are ahead: Earth Day! That’s right. Today is the day we celebrate Mother Earth and while it may not seem like there is much to be happy about, there...
