by Michael Strong | Aug 3, 2020
General Motors Co. has asked the federal judge that dismissed its lawsuit against Fiat Chrysler Automobiles N.V. to reinstate the lawsuit, claiming it has new evidence. The automaker asked Judge Paul Borman to reconsider his earlier judgement on the alleged...
by Michael Strong | Aug 3, 2020
Ferrari officials offered an optimistic look ahead despite a difficult second quarter when its net income fell 95% and deliveries fell by nearly half. The Italian sports car maker said that despite the tough quarter, induced by the global COVID-19 pandemic, the...
by Michael Strong | Aug 3, 2020
The steady stream of EV makers looking to go public to raise funds got another player: Lordstown Motors, which will merge with DiamondPeak Holdings, a shell company, to make the shift. The new public automaker, which will build electric pickup trucks aimed at...
by Michael Strong | Jul 31, 2020
Companies big and small have been touting “affordable” electric vehicles for years, and in the near tsunami of new models set to arrive on U.S. shores in the coming years, “affordable” doesn’t seem to be the descriptor one would attach to any of them. However, that...
by Michael Strong | Jul 31, 2020
The sun continues to shine on Ford, the automaker revealing Friday it received approval to defer some quarterly payments due on its U.S. Energy Department retooling loan. The automaker noted it will repay the loan on time by June 2022. Ford was awarded a $5.9 billion...
by Michael Strong | Jul 30, 2020
Automaker after automaker has lined up and reported second quarter losses in the past several days, except Tesla — and now Ford Motor Co., sort of. Ford turned a Q2 profit, reporting $1.1 billion in net income on revenue of $19.4 billion. However, if you take out a...
by Michael Strong | Jul 30, 2020
Volkswagen is the latest automaker reporting negative second quarter results, largely stemming from the impact of the COVID-19 pandemic around the world. The company posted an adjusted operating loss of 1.7 billion euros, or $2 billion, for the period, which is down...
by Michael Strong | Jul 29, 2020
Automakers and suppliers have been suffering financially during the pandemic, and the federal government has provided assistance for small businesses with the Small Business Administration’s Payroll Protection Program. The PPP, as it’s known, allows businesses to get...
by Michael Strong | Jul 29, 2020
What’s in a name, a fairly well-known writer once asked, adding “That which we call General Motors, by any other name – like Ultium – would sound as sweet ….” Perhaps William Shakespeare would have waxed poetically about GM and its much-ballyhooed electric vehicle...
by Michael Strong | Jul 28, 2020
(This story has been updated with new information.) Safety advocates pushing for new technology that would alert drivers if they leave a child in their vehicle after leaving it say the new devices could lower the cost of sensor technology in current and coming...
by Michael Strong | Jul 28, 2020
As the automotive industry’s been around for more than a century, automakers have been commemorating 100-year milestones for more than a decade now, Mazda being the latest with its special 100th Anniversary Mazda MX-5 Miata. To be clear, it’s a century of Mazda being...
by Michael Strong | Jul 27, 2020
Without question, the global pandemic has hampered the auto industry in innumerable ways, but it’s also acted as a catalyst to move dealers and automakers further into the digital age of retailing out of necessity. Things such as online buying and working from home on...
