by Michael Strong | Jul 30, 2020
Automaker after automaker has lined up and reported second quarter losses in the past several days, except Tesla — and now Ford Motor Co., sort of. Ford turned a Q2 profit, reporting $1.1 billion in net income on revenue of $19.4 billion. However, if you take out a...
by Paul A. Eisenstein | Jul 30, 2020
While the company’s first model, the all-electric Ocean SUV, is still nearly two years away from going to market, Fisker Inc. today announced plans to launch four products by 2025 – and seven longer-term. In a brief statement accompanying this image, Fisker said it is...
by Michael Strong | Jul 30, 2020
Volkswagen is the latest automaker reporting negative second quarter results, largely stemming from the impact of the COVID-19 pandemic around the world. The company posted an adjusted operating loss of 1.7 billion euros, or $2 billion, for the period, which is down...
by Joseph Szczesny | Jul 30, 2020
The construction of the new battery plant near Lordstown, Ohio is one of the main pillars of General Motors’ electric vehicle strategy took another step forward with the first pieces of steel being raised. GM chairman Mary Barra said steel construction at the all-new...
by Michael Strong | Jul 29, 2020
What’s in a name, a fairly well-known writer once asked, adding “That which we call General Motors, by any other name – like Ultium – would sound as sweet ….” Perhaps William Shakespeare would have waxed poetically about GM and its much-ballyhooed electric vehicle...
by Paul A. Eisenstein | Jul 29, 2020
It’s been a tough year for auto shows, virtually every major global event this year, from New York to Paris to Beijing, canceled in the face of the coronavirus crisis. And what will happen in 2021 is far from certain, but the coming year could get off to a bad start....
by Joseph Szczesny | Jul 29, 2020
July sales are expected to look weak when the numbers are posted next week as sales continue to drift sideways as the pandemic keeps a tight grip on the U.S. economy. Cox Senior Economist Charlie Chesbrough is calling for July auto sales volume to be down 19% versus...
by Paul A. Eisenstein | Jul 29, 2020
General Motors was able to circle the wagons and beat back the full brunt of the coronavirus pandemic during the second quarter, solidly outperforming the gloomy outlook forecast by Wall Street. With factories shuttered for two months and sales sagging to Great...
by Michael Strong | Jul 28, 2020
(This story has been updated with new information.) Safety advocates pushing for new technology that would alert drivers if they leave a child in their vehicle after leaving it say the new devices could lower the cost of sensor technology in current and coming...
by Paul A. Eisenstein | Jul 28, 2020
U.S. motorists are holding onto their vehicles longer than ever, according to a new study, and the COVID-19 pandemic is getting much of the blame. The typical car, truck and crossover is now a record 11.9 years old, reports IHS Markit, a month older than they were in...
by Paul A. Eisenstein | Jul 28, 2020
Hammered by the global pandemic, Nissan Motor Co. expects to post a record $4.5 billion loss for the fiscal year ending next March, with a full recovery likely two years away. That would mark the second consecutive annual loss for the Japanese automaker, Nissan going...
by Michael Strong | Jul 27, 2020
Without question, the global pandemic has hampered the auto industry in innumerable ways, but it’s also acted as a catalyst to move dealers and automakers further into the digital age of retailing out of necessity. Things such as online buying and working from home on...
