by Joseph Szczesny | Nov 1, 2018
Fiat Chrysler Automobiles N.V., Honda and Volkswagen of America set the mark for industry sales in October, reporting sales increases, while rivals such as Ford Motor Co, Toyota and Nissan struggled as sales of new vehicles slowed in October. FCA’s 15% jump in sales...
by Joseph Szczesny | Nov 1, 2018
Honda has joined General Motors on calling the EPA to abandon its proposed fuel-economy rollback and is asking federal officials to negotiate with states like California to offer a single, comprehensive update to federal fuel-economy standards. “Despite...
by Joseph Szczesny | Oct 31, 2018
Siemens Mobility, along with five partners, is launching a test of connected and autonomous driving at the company’s Munich research campus to test and refine intelligent infrastructure, cloud-based software service and automated electric vehicles. “Our research...
by Joseph Szczesny | Oct 30, 2018
Fiat Chrysler Automobiles net income dropped 38% during the third quarter despite record adjusted earnings before interest and taxes of 2 billion euros, or $2.27 billion, opening the door for the company to pay its first dividend since it was re-organized in 2014....
by Joseph Szczesny | Oct 30, 2018
General Motors has proposed downshifting the federal fuel-economy standards it signed off when it went bankrupt a decade ago, but its top executive said she hopes the automaker can help hasten the switch to electric vehicles. GM said in a document released this...
by Joseph Szczesny | Oct 29, 2018
General Motors call to use California’s Zero Emission Standard in all 50 states is setting up a potential conflict with the other carmakers. GM is asking the Environmental Protection Agency for a new fuel-economy standard that would take the...
by Joseph Szczesny | Oct 26, 2018
Jaguar Land Rover has opened its state-of-the-art $1.59 billion manufacturing facility in Nitra, Slovakia. While the core of its business is in the United Kingdom, Jaguar Land Rover’s investment in Nitra marks the latest step in the company’s global expansion strategy...
by Joseph Szczesny | Oct 26, 2018
Sales of new vehicles are expected to cool slightly in October with an estimated seasonally adjusted annual rate of 17.1 million units. The forecast reflects a 6.7% decrease in sales from September 2018 and a 2.1% decrease from October 2017 as Edmunds predicts that...
by Joseph Szczesny | Oct 25, 2018
Daimler Group earnings declined by 26% during the third quarter as earnings before interest and taxes dropped to 2.5 billion euros from the 3.4 billion posted in the third quarter of 2017. Daimler’s net earnings of 1.76 billion euros were significantly below the...
by Joseph Szczesny | Oct 25, 2018
Toyota and Lexus came out on top in Consumer Reports annual reliability survey thanks in large part to a cautious approach to adapting to new technology. However, the Toyota Tundra, the automaker’s entry into the full-size truck segment, slipped off Consumer Reports...
by Joseph Szczesny | Oct 25, 2018
Ford Motor Co. executives during a conference with analysts promised more details of the company’s restructuring plan, but Ford CEO Jim Hackett also said it will not have the same kind of thrust as traditional restructuring with firing and plant closings....
by Joseph Szczesny | Oct 24, 2018
Even though the company’s revenue increased by 3% during the third quarter, Ford Motor Co.’s income dropped by 40% during the third quarter to $1 billion, compared to $1.6 billion in the third quarter of 2017. The income drop was primarily driven by what...
