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New 2020 Corvette Stingray Priced at $59,995

New 2020 Corvette Stingray Priced at $59,995

When GM President Mark Reuss introduced the new mid-engined 2020 Chevrolet Corvette Stingray, he wrapped up the presentation by saying the new beast would come in “under $60,000,” but he wouldn’t specify exactly how much. Now we know how much — not much. The new...
Auto Lenders Relaxing Requirements for Subprime Borrowers

Auto Lenders Relaxing Requirements for Subprime Borrowers

With auto sales slumping this year, lenders are searching for ways to entice buyers back into showrooms. It worked in July as sales rose slightly for the first time in 2019, but only after lenders cut interest rates for three consecutive months, dropping new vehicle...
Ford Extending Warranty on 560,000 Fiestas and Focuses

Ford Extending Warranty on 560,000 Fiestas and Focuses

Ford Motor Co. plans to extend the warranty on clutch and related hardware for 560,000 Focus and Fiesta models. The move comes after reports of problems with the six-speed transmission on 2014–2016 model year versions of the cars in the United States and Canada. The...
Acting NHTSA Chief Confirms Departure from Safety Agency

Acting NHTSA Chief Confirms Departure from Safety Agency

Just days after reports that Heidi King, acting administrator of the National Highway Traffic Safety Administration, would be leaving the job, she announced Monday she would be stepping down Aug. 31. King was nominated for the top job at the federal safety agency by...
China NEV Sales Drop in July After 80% Jump in June

China NEV Sales Drop in July After 80% Jump in June

The world’s largest market for electric vehicles, China, saw sales of its “new energy vehicles,” or NEVs, fall 4.7% compared with year-ago results — the first drop in more than two years. The China Associations of Automobile Manufacturers (CAAM) reported the results...
NHTSA’s Top Official Set to Leave Safety Agency

NHTSA’s Top Official Set to Leave Safety Agency

The top-ranking executive at the National Highway Traffic Safety Administration is expected to step down from the job as early as next week, according to multiple reports. Deputy Administrator Heidi King plans to leave the government agency for an undisclosed reason....
Auto Lenders Likely to End Interest Rate Cuts

Auto Lenders Likely to End Interest Rate Cuts

In July, new vehicle sales in the U.S. ticked up slightly as buyers finally decided to take advantage of the good deals afforded them by three consecutive months of interest rate cuts by auto lenders; however, interest rates are likely as low as they’re going to get....
Ford Agrees to $17M Settlement with MyFordTouch Owners

Ford Agrees to $17M Settlement with MyFordTouch Owners

Ford Motor Co. agreed to pay $17 million to owners of vehicles with MyFordTouch and MyLincolnTouch to settle a class-action suit. The suit was filed on behalf of owners angry about the lack of functionality of the system. More than 360,000 owners or vehicle leasees of...