by Michael Strong | Oct 30, 2020
General Motors ended its search for a new chief financial officer landing on Paul Jacobson, who held the same position at Delta Air Lines. Jacobson fills the void created in early August when Dhivya Suryadevara left after holding the job for two years. Jacobson starts...
by Michael Strong | Oct 26, 2020
German prosecutors in Stuttgart are dropping an investigation into former Volkswagen CEO Martin Winterkorn and any role he may have played in manipulating the market by covering up the automaker’s emission’s scandal. Winterkorn was being investigated for possibly...
by Paul A. Eisenstein | Oct 26, 2020
The $38 billion merger of Fiat Chrysler Automobiles and Groupe PSA appears to be ready to clear its final hurdle: approval from European Union anti-trust regulators. Quoting “people close to the matter,” Reuters news service is reporting the deal that will create the...
by Joseph Szczesny | Oct 26, 2020
Uber and Lyft suffered another setback in their fight against having to classify drivers as employees in California and are now the two companies are counting on a ballot initiative to block the full implementation of a new state law, which limits employers’ ability...
by Michael Strong | Oct 17, 2020
Nikola Motors stock took another hit Friday after its CEO inadvertently suggested in an interview that a deal with General Motors may not come to pass. The much-maligned EV maker’s stock slid 15%, closing the day at $19.54 after opening at $22.97. Investors expressed...
by Paul A. Eisenstein | Oct 16, 2020
U.S. automotive safety regulators are now looking into reports that Takata may have concealed defective seatbelt components potentially impacting tens, evens hundreds of millions of vehicles sold around the world during the last two decades. Japanese authorities...
by Joseph Szczesny | Oct 15, 2020
After frustrating Democratic Senators by not providing substantive answers to a variety of questions, U.S. Supreme Court nominee Amy Coney Barrett did provide some small insight about her views on climate change during her confirmation hearing Wednesday. Climate...
by Michael Strong | Oct 13, 2020
New statistics show that if you drive a Ford F-Series pickup, your vehicle is more likely to be stolen than any other. The National Insurance Crime Bureau released its annual “Hot Wheels” report that chronicles annual trends in auto thefts using data from across the...
by Paul A. Eisenstein | Sep 30, 2020
What was billed as “a partnership made in heaven” has taken a hellish series of turns for Nikola this month, and with the fate of its proposed alliance with General Motors now in limbo, the Phoenix-based startup is frantically trying to reassure investors on Wall...
by Michael Strong | Sep 25, 2020
BMW just became the latest automaker fined – $18 million – by federal regulators for disclosing “misleading” information about its U.S. sales results. The company and two U.S. subsidiaries reached an agreement U.S. Securities and Exchange Commission to pay the...
by Paul A. Eisenstein | Sep 24, 2020
Come 2035, California motorists will be barred from purchasing new vehicles running on gas or diesel, at least if a new proposal the state announced yesterday survives the likely legal challenges. But the Golden State is by no means the only place where regulators are...
by Joseph Szczesny | Sep 24, 2020
The State of California, in a move that is certain to kick off a major legal, philosophical, economic and political row, plans to ban the sale of motor vehicles that use gasoline or diesel fuel by 2035 as part of its effort to reduce carbon dioxide emissions that...
