Year-End Turmoil Puts New Car Sales to the Test

Year-End Turmoil Puts New Car Sales to the Test

The final week of 2018 could offer some critical signals both for future car sales and the future course of the U.S. economy, which has been rattled by tumbling stocks and noisy political fights about the independence of the Federal Reserve Board and the government...
Daimler Delivers E-Truck to Penske for Testing

Daimler Delivers E-Truck to Penske for Testing

Daimler AG has pushed ahead with its plans to sell electric trucks as Freightliner, its North American subsidiary, delivered its first medium-duty battery-electric truck to a customer in the U.S. Penske Truck Leasing, which is operated long-time Daimler ally, Roger...
GM Listens to Unifor Proposals about Canadian Plant

GM Listens to Unifor Proposals about Canadian Plant

General Motors Co. is promising to respond by Jan. 7, to Unifor, the Canadian union that represents GM workers, which has laid out proposals that would maintain production at an assembly plant in Oshawa, Ontario, GM is preparing to shutter permanently. Unifor...
First Drive: 2019 Mazda MX-5 Miata

First Drive: 2019 Mazda MX-5 Miata

Sporty two-seaters, despite the glamour and romance that has trailed behind them over the years, have sort of been left behind as car buyers rush into trucks and sport-utility vehicles. But some two-seaters, such as the Mazda MX-5 Miata, are still out on the road,...
Daimler, BMW Get U.S. Approval for Mobility Company

Daimler, BMW Get U.S. Approval for Mobility Company

The BMW Group and Daimler AG have gotten the green light from anti-trust authorities in the U.S. to operate a joint venture offering a range of mobility services that are expected to grow in the future such as car sharing, charging, ride hailing and even parking. The...
Senators Pressuring GM to Halt $14B Stock Buyback Plan

Senators Pressuring GM to Halt $14B Stock Buyback Plan

General Motors political woes aren’t getting any better as three members of the U.S. Senate have launched an attack on the company’s stock buybacks. Senators Chris Van Hollen (D-Maryland), Amy Klobuchar (D-Minnesota) and Tammy Duckworth (D-Illinois) are...
Gasoline Prices Fall in US as Holidays Approach

Gasoline Prices Fall in US as Holidays Approach

With the long Christmas season getting under way this week travelers across the U.S. are finding cheaper gasoline for the holiday journeys. At $2.37, the average price of gasoline has dropped pump prices to the lowest level for the month of December since 2016. “AAA...
First Drive: 2019 Kia Sorento SUV

First Drive: 2019 Kia Sorento SUV

Practical is usually the word associated with sport-utility vehicles and that practicality makes them appealing to a wide cross section of consumers. The Kia Sorento certainly is practical, but in a segment crowded with a lot of very good vehicles it is also stylish,...
NADA Predicts New Car Sales to Decline Slightly in 2019

NADA Predicts New Car Sales to Decline Slightly in 2019

The National Automobile Dealers Association, the trade association for new-car dealerships across the U.S., expects another strong year for new car sales in 2019 despite rising interest rates and an economy that shows signs of slowing. “We’re forecasting sales of 16.8...
Ford Idling Workers at Michigan Transmission Plant

Ford Idling Workers at Michigan Transmission Plant

(This story has been updated.) In another sign of growing concern about a slowdown in the auto industry, Ford Motor Co. notified the United Auto Workers that it plans to idle indefinitely up to 230 employees from a transmission plant in suburban Detroit. Ford made no...
Daimler Investing More Than $20B in Battery Cells

Daimler Investing More Than $20B in Battery Cells

Daimler AG is prepared to put up $22 billion to purchase battery cells over the next dozen years. Dieter Zetsche, chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars, said the commitment is expected to help insure that the batteries are...