Hyundai, Kia Global Sales Drop in May Due to Pandemic

Hyundai, Kia Global Sales Drop in May Due to Pandemic

Automakers around the globe are finalizing the count on how many vehicles they sold in May and South Korean automakers Hyundai Motor Co. and Kia Motors said its initial results showed their global sales fell by double-digit percentages. Hyundai report its sales fell...
Volkswagen Making $2B Wager on China’s EV Market

Volkswagen Making $2B Wager on China’s EV Market

Volkswagen AG is betting big – more than $2 billion – that the Chinese electric vehicle market – the largest in the world – will rebound, leading to growth for its burgeoning line-up of electric vehicles and ultimately to more profits. The German automaker announced...
Memorial Day New Car Sales Surge Never Materialized

Memorial Day New Car Sales Surge Never Materialized

The Memorial Day weekend is always a big one for the U.S. auto industry and was expected to be particularly strong this year, the industry anticipating a surge in demand thanks to hefty incentives and the end of pandemic lockdowns in much of the country. The problem...
Stocks Surge as Renault-Nissan Move to Save Alliance

Stocks Surge as Renault-Nissan Move to Save Alliance

After months of decline, shares of the three automakers forming the Renault-Nissan-Mitsubishi Alliance surged sharply on global exchanges Wednesday. Shareholders signaled their satisfaction with plans to save the long-running partnership that had been teetering on...
May Sales to Drop as Fleet Sales Collapse

May Sales to Drop as Fleet Sales Collapse

New vehicle sales are expected to drop by almost a third in May, dragged down by the collapse of fleet sales highlighted by the recent bankruptcy by Hertz. ALG Inc., a subsidiary of TrueCar Inc., expects new vehicle sales will reach 1.008 million units in May 2020,...
Next-Generation Mini Countryman Breaks Cover

Next-Generation Mini Countryman Breaks Cover

Few models have had a more dramatic impact on a brand than the Mini Countryman, the British marque’s first SUV and today its best-selling model. So, while we’ve already seen Mini update the rest of its familiar line-up, from the Hardtop and Convertible to the Clubman,...