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Tesla Delivers Stronger than Anticipated Earnings

Tesla Delivers Stronger than Anticipated Earnings

Hours after confirming it had signed a formal agreement with Japanese electronics giant Panasonic to build its new, $5 billion “Gigafactory,” battery-electric automaker Tesla Motors revealed it earned a modest $16 million during the second quarter of the year, or 11...
Rental Car Companies Warned GM about Airbag Problems

Rental Car Companies Warned GM about Airbag Problems

One of the questions surrounding the faulty ignition switch controversy at General Motors is when did the automaker know there was a problem? It may have been at least seven years ago and the death toll related to those vehicles may rise as a result. Two rental car...
Auto Sales Jumping as Banks Loosen Credit Reins

Auto Sales Jumping as Banks Loosen Credit Reins

It’s becoming clear that one of the primary reasons that new car sales are booming this year is that Americans are able to more easily get credit to finance their purchases. The total amount of outstanding auto loans has increased by 10% in 2014. According to Equifax...
Gen Y Now Buying More Cars than Gen Xers

Gen Y Now Buying More Cars than Gen Xers

While a number of recent studies have suggested that Millennials would prefer to text rather than drive, they’re apparently beginning to buy cars, as well as iPads, in ever-increasing numbers. In fact, Gen Y now is generating a larger share of U.S. new vehicle sales...
Tesla, Panasonic Lock Down Gigafactory Deal

Tesla, Panasonic Lock Down Gigafactory Deal

Electric carmaker Tesla Motors today formally locked down its alliance with Japanese electronics giant Panasonic, the two confirming they will move ahead on a planned $5 billion “Gigafactory” that is expected to become the world’s largest lithium-ion battery plant....
Hyundai, Nissan Combine to Recall 1.1 Million Vehicles

Hyundai, Nissan Combine to Recall 1.1 Million Vehicles

Add another million to the running tally of vehicles in a record-setting 2014 as Hyundai and Nissan announced actions totaling 1.1 million cars today: Hyundai recalling 889,000 vehicles and Nissan more than 226,000. Hyundai is recalling 883,000 Sonata sedans from...
Fiat Profits Plunge 55%

Fiat Profits Plunge 55%

Fiat says its second-quarter profits plunged 55% as the maker’s U.S. partner Chrysler struggled to move old product with new incentives, while the Fiat side of the company dealt with a slowdown in South America. Fiat, which expects to complete its takeover of the U.S....
GM Smacked with New Lawsuit Alleging 29 Deaths

GM Smacked with New Lawsuit Alleging 29 Deaths

General Motors’ ignition switch recall has triggered a new lawsuit in which the plaintiffs are claiming that 29 people have died and 627 were injured in accidents in which the defective part was a factor. The lawsuit, Abney vs. General Motors, was filed in U.S....
Hyundai Tells Drivers to Park 2015 Sonata

Hyundai Tells Drivers to Park 2015 Sonata

Hyundai issued its second recall on its 2015 Sonata and ordered drivers to park the newly introduced sedan due to a problem with its brakes. At the same time, the pressure on Toyota to do the same with thousands of Camrys is ramping up. The South Korean automaker is...
Toyota Maintains Global Sales Lead – Barely

Toyota Maintains Global Sales Lead – Barely

While its lead has been narrowing, Toyota Motor Co. retained its crown as the world’s best-selling automaker during the first half of 2014. The maker edged out rivals Volkswagen AG and General Motors in the global sales sweepstakes as demand for its cars, trucks and...
Cadillac Counting on New Product to Reverse Slump

Cadillac Counting on New Product to Reverse Slump

“New product is the lifeblood of any brand,” said Jim Vurpillat, the marketing director for Cadillac, as he took a break during a media drive of the luxury maker’s new ATS Coupe.  He and the rest of Cadillac’s management team certainly have to hope so after the...