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Daimler Plans Major Job Cuts to Offset Coming Expenses

Daimler Plans Major Job Cuts to Offset Coming Expenses

Daimler AG, parent company of Mercedes-Benz, plans to eliminate 10,000 jobs during the next three years as the company restructures to prepare for an electric future and a smaller earnings. The cuts and the restructuring have taken on new urgency as Daimler has been...
BMW Offers Heaping Helping of Time in Latest Products

BMW Offers Heaping Helping of Time in Latest Products

I love restaurants that feature buffet-style meals, with Ethiopian and Indian buffets my favorites. Some decry the gluttony, as you often eat more than your tummy can hold, but no matter the amount, it sure is good going down. Recently, at the BMW Performance Center...
BMW Unplugs Range-Extending i3Rex

BMW Unplugs Range-Extending i3Rex

BMW is abandoning the range-extending version of its i3 city car, the automaker has confirmed, a senior executive saying the concept “has no future” as the Bavarian automaker prepares to expand its all-electric line-up. First introduced in 2014, the REx version of the...
FCA, PSA Set to Sign Binding Merger Agreement

FCA, PSA Set to Sign Binding Merger Agreement

Fiat Chrysler and PSA Peugeot Citroen plan to sign a binding merger agreement in the coming weeks, according to communications each company sent to its employees. The move would lock down the deal the two carmakers reached last month and further downplays concerns...
Post-Thanksgiving Weekend Key to November Sales Results

Post-Thanksgiving Weekend Key to November Sales Results

The final total of new vehicle sales in November could depend on what happens on the days after Thanksgiving. “Black Friday is one of the biggest sales days in retail, and automotive retail is no different,” said Eric Lyman, Chief Industry Analyst for ALG, a...
GM “On Track” to Meet 20 EV Target by 2023

GM “On Track” to Meet 20 EV Target by 2023

General Motors is “on track” to meet its goal of having 20 battery-electric vehicles in production by 2023, a senior executive said, despite the fact that it hasn’t introduced a new BEV since launching the Chevrolet Bolt EV three years ago. Expect to see a flood of...
Audi Cutting 9,500 Jobs, Guarantees Future EV Production

Audi Cutting 9,500 Jobs, Guarantees Future EV Production

Audi’s new 10-year labor agreement with two plants in Germany allows the automaker to cut 9,500 jobs during the next five years, with a promise of extending job guarantees and adding 2,000 jobs back as the company expands its production of electric vehicles. The...
Chevy Blazes into LA with New Trailblazer SUV

Chevy Blazes into LA with New Trailblazer SUV

“Can you ever have too many SUVs?” Asked Chevrolet’s CUV Marketing Manager Steve Majoros opening up the bowtie brand’s news conference at the L.A. Auto Show. “The answer is no. In this market, you cannot have enough.” And to try to prove its point, the bowtie brand...
New Seltos Completes Kia’s Sport-Utility Line-up

New Seltos Completes Kia’s Sport-Utility Line-up

The introduction of the 2021 Seltos will give Kia a complete line-up of utility vehicles, according to Michael Cole, who outlined the strategy behind the vehicle after its official introduction at the Los Angeles Auto Show. “We’re a full-line manufacturer,” said Cole,...