by Joseph Szczesny | Aug 5, 2019
A new survey by the Original Equipment Suppliers Association and Harbour Results Inc. indicates that business for tooling industry linked to the automotive industry is slowing with North American capacity utilization at its lowest mark since 2016 when the data was...
by Joseph Szczesny | Aug 1, 2019
Sales of new vehicles held their own during July with help from cuts in interest rates and increased marketing efforts by carmakers, that are finding it more difficult to gain ground. Nevertheless, Toyota, Honda, Subaru and Hyundai all posted modest gains. Detroit’s...
by Paul A. Eisenstein | Aug 1, 2019
The company that invented the modern incentive with its “Buy a Car, Get a Check” campaign nearly four decades ago is offering a new twist to the art of the deal. As part of its “Dodge Power Dollars” campaign, Fiat Chrysler’s muscle car brand is offering a cash...
by Paul A. Eisenstein | Aug 1, 2019
General Motors took Wall Street by surprise on Thursday, blasting through the consensus Q2 earnings forecast with second-quarter net income of $2.41 billion, or $1.66 a share, while earnings adjusted to exclude one-time items came to $1.64 a share. That was a modest...
by Paul A. Eisenstein | Jul 31, 2019
Barely a month ago, BMW pulled the plug on two of its odder offerings, the 2-Series Active Tourer and stretched 2-Series Gran Tourer. But that move, it now seems, marked just the beginning of what may soon become a broader realignment by the Bavarian brand. According...
by Joseph Szczesny | Jul 31, 2019
The top lobbyist for Detroit’s automakers has renewed efforts to win Congressional approval of the U.S. Mexico Canada Agreement, or USMCA, that the Trump administration wants to replace NAFTA. Matt Blunt, president of the American Automotive Policy Council, the...
by Paul A. Eisenstein | Jul 30, 2019
It’s not been a good couple weeks for the ride-sharing industry, on the whole. Cruise Automation, the General Motors autonomous technology unit, has indefinitely delayed the launch of its self-driving service. And Lyft, the second-largest U.S. ride-share operation,...
by Paul A. Eisenstein | Jul 30, 2019
Automakers are planning to invest hundreds of billions of dollars in autonomous and electric vehicles in the coming years, but they’re likely to face a lengthy wait before those technologies catch on with consumers, according to a new study by J.D. Power and...
by Paul A. Eisenstein | Jul 29, 2019
Utility vehicles have all but taken over the U.S. market, and they’re gaining traction in Europe and other parts of the world, as well. While that’s led some manufacturers to pull out of the sedan and coupe segments – think Ford, for one – others are trying to find a...
by Michael Strong | Jul 29, 2019
For decades, Americans often measured their success by the size of their house and, perhaps even more so, what kind of car was sitting in the driveway. A new study suggests not much has changed. In fact, the pressure to “keep up with the Joneses” is still a...
by Paul A. Eisenstein | Jul 25, 2019
Cadillac has spent several years fleshing out its SUV line-up, a move that reflects the dramatic shift from passenger cars to light trucks. Now, it’s time to update the best-selling model in its line-up, the XT5. Though officially a mid-cycle update, the 2020 Cadillac...
by Joseph Szczesny | Jul 25, 2019
Edmunds, the vehicle buying service, is predicting a small increase in sales for the first time in several months when the industry releases a partial list of sales numbers next week. The forecast by Edmunds estimates sales will total 1.38 million new cars and trucks...
