by Joseph Szczesny | Nov 30, 2020
German carmakers have made major investments in electric vehicles and now the German government is preparing to help sell those new EVs with a new round of incentives. Earlier this month, Germany rolled out a program that extends its environmental subsidies for...
by Michael Strong | Nov 27, 2020
General Motors has been generating plenty of attention for its plans to shift to battery-electric vehicle production; however, the auto company has also been looking to get back into some old businesses too, namely banking. It’s an oversimplification, but the Wall...
by Paul A. Eisenstein | Nov 25, 2020
Nearly 10,000 Tesla Model X and Model Y SUVs are being recalled for a series of safety-related defects underscoring the automaker’s ongoing problems with quality and reliability. Tesla has faced an array of issues affecting its four product lines, ranging from...
by Michael Strong | Nov 24, 2020
Chrysler fans with good memories remember the last time the company was involved in a “merger of equals,” and how it worked out so when the phrase was tied to the partnering of Fiat Chrysler and PSA there was some skepticism. Turns out they had reason to be skeptical....
by Michael Strong | Nov 23, 2020
General Motors is switching sides, moving to support California in its efforts to fight attempts by the Trump administration to revoke the state’s ability to set its own emissions rules in court. The Golden State’s rules are more stringent than federal mandates, even...
by Michael Strong | Nov 23, 2020
A human rights group affiliated with the United Nations claims the Japanese government should compensate former Nissan chief Carlos Ghosn for actions related to his arrest and lengthy detention two years ago. The United Nations Human Rights Council’s Working Group on...
by Joseph Szczesny | Nov 20, 2020
Despite a flurry of rumors and social media posts that excited investors far and wide Thursday, Nikola has not finalized any kind of a deal with General Motors Co. “We have not closed yet. Don’t have any other update,” GM spokesman James Cain said in an e-mail to...
by Joseph Szczesny | Nov 16, 2020
Karma Automotive filed a federal lawsuit against Lordstown Motors Inc., charging the Ohio company with theft of intellectual property, breach of contract and poaching employees involved in the development of an infotainment system that originated with Karma. Jeff...
by Paul A. Eisenstein | Nov 13, 2020
The war of words between Nissan and its former Chairman Carlos Ghosn took on another dimension Friday with the start of a trial in which the automaker is seeking $95 million in damages from the man once credited with saving it from bankruptcy. For his part, Ghosn has...
by Paul A. Eisenstein | Nov 10, 2020
Nikola Corp.’s founder and former Chairman Trevor Milton has been issued a subpoena to appear before a federal grand jury, the company confirmed in a regulatory filing yesterday. The company itself has also been called to testify as part of what appears to be an...
by Joseph Szczesny | Nov 5, 2020
The auto industry is partnering with investment banks to reap the big money benefits of a new acronym: SPAC. The big question is: What are they? Short for special purpose acquisitions company, SPACs are a simple and easy way to funnel cash into existing companies that...
by Michael Strong | Nov 4, 2020
In addition to the presidential part of the election, the auto industry closely monitored the voting across the country, including Uber and Lyft appearing to get their prayers answered in California with the passage of Proposition 22. The two ride-hailing companies...
