by Michael Strong | Aug 12, 2020
It’s been a tough year for new vehicle sales due to the pandemic, but they haven’t halted completely and used car sales have taken up some of the slack. In short, there are still buyers out there. Given the current state of the economy, some of those shoppers may be...
by Michael Strong | Aug 12, 2020
Tesla Inc. keeps on riding high, its share price rising 7.8% since the company announced a five-for-one stock split Tuesday. Trading at little more than $1,481 in early trading Wednesday, the split adding a little more fuel for the share’s continued rocket-like upward...
by Michael Strong | Aug 11, 2020
While U.S. automakers continue to sales dip due to the ongoing impact of the coronavirus, China reported its fourth consecutive month of improved results, sales jumping 16.4% compared with year-ago figures. It’s not all good news for the world’s largest market....
by Michael Strong | Aug 11, 2020
Automakers have been luring high-level executives from outside the industry for several years, and the tech industry struck back as General Motors CFO Dhivya Suryadevara is leaving to take the same role at Stripe, an online payment startup. Suryadevara was named chief...
by Michael Strong | Aug 10, 2020
In the distant past, some naysayers suggested electric vehicles would just simply be trash — Nikola Motors is proving them true starting in 2023. The EV maker just inked a deal to produce 2,500 electric waste and recycling collection trucks for Republic Services, a...
by Michael Strong | Aug 7, 2020
U.S. auto sales have been hammered since the coronavirus pandemic hit the country in late February and early March. After tough results in March and April, the market has slowly begun to bounce back, offering encouragement to automakers and the industry and leading...
by Michael Strong | Aug 7, 2020
Toyota Motor Corp. surprised analysts by turning a small profit for the quarter, albeit the company’s smallest profit in nearly a decade, overcoming poor sales globally due to the impact of the coronavirus pandemic. The company reported an operating profit of 13.9...
by Michael Strong | Aug 6, 2020
To say that Tesla’s been turning the industry on its ear for the past 18 months might be an understatement. It’s Model 3 sedan has been nothing short of a success and the new Model Y seems to be following it its footsteps. Of course, this makes sense since the two...
by Michael Strong | Aug 6, 2020
An era came to an end last week with little fanfare or even real recognition: Ford Motor Co. produced its last Fusion midsize sedan, essentially completing its shift away from sedans in its product line-up. The Dearborn, Michigan-based automaker didn’t play up the...
by Michael Strong | Aug 5, 2020
It’s not just electric vehicle makers attracting investors these days as EV charging network company ChargePoint just secured $127 million in new funding, raising its total from investors to $660 million in just more than a decade. The latest round of funding is...
by Michael Strong | Aug 5, 2020
Japanese automaker Honda reported an operating loss of $1.07 billion, or 113.6 billion yen, on revenue as the global pandemic hampered sales in across the board. Officials predicted the company would be profitable for the fiscal year, which ends March 2021, but it...
by Michael Strong | Aug 4, 2020
Ford announced CEO Jim Hackett will retire this fall with newly appointed COO Jim Farley taking on the role after the departure. Hackett, 65, came to the automaker in May 2017 after a lengthy career as the top executive at Steelcase in Grand Rapids succeeding Mark...
