Automotive Subscription Plans in a State of Flux

Automotive Subscription Plans in a State of Flux

While Mercedes-Benz and Cadillac may have scrapped their subscription services, these low-commitment options are still being offered by at least nine other manufacturers – as well as several third-party vendors. These services, which offer flat-rate, all-inclusive...
Mercedes-Benz Takes Stake in Chinese EV Battery Maker

Mercedes-Benz Takes Stake in Chinese EV Battery Maker

Mercedes-Benz is pushing ahead with what the company describes as its “electric first” strategy by taking an equity stake in a Chinese maker of battery cells – Farasis Energy. The announcement of the new partnership represents another “important milestone towards...
Tesla Tops Toyota as World’s Most Valuable Automaker

Tesla Tops Toyota as World’s Most Valuable Automaker

The extended run up of Tesla’s stock carried it past its Detroit rivals some time ago, but the push into its current territory above $1,000 a share has helped it topple the “king” – Toyota – as the world’s most valuable automaker. The move could be seen by many,...
GM, FCA, Nissan Suffer Big Drop in Second-Quarter Sales

GM, FCA, Nissan Suffer Big Drop in Second-Quarter Sales

Car sales plunged across the board during June, capping off the auto industry’s worst quarter in decades as the economic shutdown brought on by the pandemic battered sales of new vehicles in the U.S. General Motors said its sales dropped 34% in the second quarter...
Organizers Scrub 2021 Geneva Motor Show

Organizers Scrub 2021 Geneva Motor Show

There will be no Geneva International Motor Show next year, organizers pointing to concerns that the coronavirus pandemic could drag on into 2021. The annual Swiss gathering was the first car show of the year to be canceled due to the eruption of the coronavirus...