by Paul A. Eisenstein | Dec 17, 2019
Sedan sales may be tumbling in the wake of the ongoing SUV surge – enough that Detroit automakers have all but given up on these three-box designs – but Korean carmakers seem determined to hang on and, if anything, capture some buyers who need a new place to call...
by Paul A. Eisenstein | Dec 17, 2019
Fiat Chrysler Automobiles and PSA Group are expected to take the critical next step in their march towards a merger Wednesday by issuing a binding memorandum of understanding. The boards of the two companies were meeting separately on Tuesday to discuss their plans...
by Michael Strong | Dec 16, 2019
One of the drivers of electric vehicle sales in the U.S. has been the $7,500 federal tax credit some buyers are eligible for when they buy a battery-electric vehicle; however, it appears a push to extend that credit will fall short. Automakers, especially General...
by Paul A. Eisenstein | Dec 16, 2019
There are three sizable roadblocks to broad public acceptance of electric vehicles: cost, range, and the availability of public charging stations – but all three obstacles are beginning to crumble. With battery costs dropping fast, next-generation EVs are starting to...
by Michael Strong | Dec 16, 2019
Volvo Cars issues $519 million worth of convertible preference shares, or preferred stock, to replace a similar sized issue that was maturing, to a group of institutional investors. The group of Swedish institutional investors included Swedish pension fund AMF and...
by Michael Strong | Dec 13, 2019
It appears that Lexus, Mercedes-Benz, GMC and other automakers have lashed enough giant red bows to vehicles in December to change the shopping habits of new vehicle buyers as 60% of carmakers now see December as their biggest sales month of the year. Typically, there...
by Michael Strong | Dec 13, 2019
Cadillac will follow the lead of some other luxury brands and become mostly, if not completely, an all-electric line-up of vehicles by 2030. Officials at General Motors’ luxury brand have been suggesting this shift could happen, but Cadillac president Steve Carlisle...
by Joseph Szczesny | Dec 13, 2019
Only a few hours after General Motors Co. unveiled its next big thing, the 2021 Chevrolet Suburban and Chevrolet Tahoe, the executive responsible for one of GM’s most important subsidiaries, Cruise Automation, said in new uncertain terms old fashioned motoring is now...
by Michael Strong | Dec 12, 2019
Despite new car interest rates hitting a new low for the year in November, some car shoppers are struggling to find a new vehicle they feel like they can afford as prices are still at all-time highs. However, the latest Used Vehicle Report from Edmunds reveals that...
by Michael Strong | Dec 12, 2019
Japanese automaker Subaru Corp. is the second company expecting to outperform U.S. market expectations in 2020. Subaru CEO Tomomi Nakamura told reporters that the popularity of is SUV and crossover models in the U.S. will push it to record sales next year. He said the...
by Michael Strong | Dec 12, 2019
Just as automakers annually make tweaks to their vehicles to make them better, the Insurance Institute for Highway Safety is implementing new, tougher benchmarks to earn the safety organization’s top rankings for 2020. The group is adding three new caveats in order...
by Joseph Szczesny | Dec 12, 2019
Members of the United Auto Workers has ratified a new four-year labor contract with Fiat Chrysler Automobiles N.V. The contract, which was approved by 71% to 29%, was the last of the deals negotiated with Detroit’s automakers this fall after a 40 strike at General...
