by Paul A. Eisenstein | Apr 22, 2020
General Motors told the 230,000 subscribers to its Maven car-sharing service that it will no longer accept reservations. The project, first launched four years ago, was expected to position GM as a major player in the “sharing” economy. But while ride-sharing services...
by Joseph Szczesny | Apr 22, 2020
Two of the world’s biggest makers of big commercial trucks, Daimler AG and Volvo Group, are teaming up to work on the development of trucks powered by fuel cells. “Transport and logistics keep the world moving, and the need for transport will continue to grow....
by Michael Strong | Apr 21, 2020
In a result that surprised no observer of the automotive industry, European new vehicle registrations fell more than 50% in March when compared with the year-ago period. The vast majority of that decline can be tied to the coronavirus pandemic. The European Auto...
by Paul A. Eisenstein | Apr 21, 2020
Car sales have plunged to near zero in some parts of the U.S., notably Detroit, San Francisco and a few of the other markets with major coronavirus outbreaks, while overall U.S. demand during the first half of the month was off about 55%, according to J.D. Power. What...
by Paul A. Eisenstein | Apr 21, 2020
With most of the U.S. currently facing shelter-in-place orders, Americans have gotten creative in finding ways to keep themselves entertained, especially those that have children locked down at home with them – and for many, the automobile offers a variety of...
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 Joseph Szczesny | Apr 21, 2020
A team of physicists in Switzerland has built what they describe as the world’s first megapixel photon-counting camera and a first-of-its-kind image sensor technology, which could make lidar systems faster and more accurate. Lidar, a surveying method that...
by Joseph Szczesny | Apr 20, 2020
The outlook for new vehicle sales this year is growing steadily more pessimistic, according to the latest new vehicle sales forecast from ALG Inc., a subsidiary of TrueCar Inc. In its latest report, ALG offers three “scenarios” for vehicle sales in 2020 and the most...
by Paul A. Eisenstein | Apr 20, 2020
The coronavirus pandemic is having a significant impact on the automotive product pipeline, leading manufacturers to delay the debut or rethink the timing of some new products while, in some cases, potentially canceling projects just in the pipeline, according to...
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 Joseph Szczesny | Apr 20, 2020
The enormous economic fallout from the COVID-19 pandemic has sent the global economy into a freefall, prompting financial regulators in Great Britain to take a look at a new strategy to help cash-strapped consumers — a moratorium on car payments. Britain’s financial...
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...
