by Paul A. Eisenstein | Aug 5, 2020
Only days after saying the show must go on, the Specialty Equipment Market Association has tossed in the towel, announcing that it has cancelled the annual SEMA Show in Las Vegas. Originally scheduled to take place from Nov. 3–6, the event joins a long and growing...
by Michael Strong | Aug 5, 2020
It’s not just electric vehicle makers attracting investors these days as EV charging network company ChargePoint just secured $127 million in new funding, raising its total from investors to $660 million in just more than a decade. The latest round of funding is...
by Michael Strong | Aug 5, 2020
Japanese automaker Honda reported an operating loss of $1.07 billion, or 113.6 billion yen, on revenue as the global pandemic hampered sales in across the board. Officials predicted the company would be profitable for the fiscal year, which ends March 2021, but it...
by Joseph Szczesny | Aug 5, 2020
In a blistering statement, former UAW President Ron Gettelfinger denied accusations from lawyers for General Motors he had accepted money deposited in foreign banks in return for promoting the business objectives of former Fiat Chrysler Automobiles N.V. CEO Sergio...
by Paul A. Eisenstein | Aug 4, 2020
Mazda has made no secret of the fact that it’s finally – belatedly – getting into the EV game with the new MX-30, but when the automaker officially lifted the covers on the production model it did manage to deliver a surprise: the first version of the compact...
by Joseph Szczesny | Aug 4, 2020
General Motors has filed an amended complaint in its federal lawsuit against Fiat Chrysler Automobiles, saying it has uncovered new evidence in recent days showing that FCA had set up back accounts in multiple countries to handle bribes to insure the silence of key...
by Joseph Szczesny | Aug 4, 2020
The line between the luxury and mainstream segments is getting as blurry as the lines that define a batter’s box around the seventh inning of a major league baseball game. A case in point is the 2020 Hyundai Sonata Limited, a midsized passenger car that sits at the...
by Paul A. Eisenstein | Aug 4, 2020
Ford Motor Co. Chief Executive Jim Hackett will be stepping down on Oct. 1, with the automaker’s 58-year-old chief operating officer Jim Farley named to replace him. Ford has gone through a series of management changes in recent years, the second-largest Detroit...
by Joseph Szczesny | Aug 4, 2020
July was another tough month for automakers with Subaru and Toyota perhaps taking the biggest hits, reporting sales drops of better than 20% in July while Lexus saw its sales decline 9.9% last month. However, it wasn’t all doom and gloom as Hyundai reported a 1%...
by Michael Strong | Aug 4, 2020
Ford announced CEO Jim Hackett will retire this fall with newly appointed COO Jim Farley taking on the role after the departure. Hackett, 65, came to the automaker in May 2017 after a lengthy career as the top executive at Steelcase in Grand Rapids succeeding Mark...
by Michael Strong | Aug 3, 2020
General Motors Co. has asked the federal judge that dismissed its lawsuit against Fiat Chrysler Automobiles N.V. to reinstate the lawsuit, claiming it has new evidence. The automaker asked Judge Paul Borman to reconsider his earlier judgement on the alleged...
by Michael Strong | Aug 3, 2020
Ferrari officials offered an optimistic look ahead despite a difficult second quarter when its net income fell 95% and deliveries fell by nearly half. The Italian sports car maker said that despite the tough quarter, induced by the global COVID-19 pandemic, the...
