Rising Prices Make Affordability an Issue for Car Buyers

Rising Prices Make Affordability an Issue for Car Buyers

Affordability will become a significant issue for the automotive industry in the not-too-distant future, according to one of the industry’s top analysts. “We’re starting to price people out of the market,” said Carla Bailo, president and chief executive officer of...
Stellantis Expects Fully Electrified Portfolio by 2030

Stellantis Expects Fully Electrified Portfolio by 2030

Stellantis, the new company created by the merger of Fiat Chrysler and PSA, is moving aggressively to prepare for an electrified future, CEO Carlos Tavares said during the company’s first annual meeting this week. During 2021, the newly merged company expects to...
Uber, Lyft Looking to Add Drivers, Touting Sky-High Rates

Uber, Lyft Looking to Add Drivers, Touting Sky-High Rates

Uber’s preparing to spend $250 million to increase drivers’ pay, including offering payment guarantees and other incentives to lure new drivers to the service and entice the existing ones to work more often. The effort comes as Uber and rival Lyft report their drivers...
Krafcik Leaves Waymo After Five Years as CEO

Krafcik Leaves Waymo After Five Years as CEO

Add “former” to the title of Waymo CEO John Krafcik, who announced today he’s left the company. The former Hyundai Motor America chief spent five years heading up the autonomous vehicle subsidiary of Google, which, according to his farewell on LinkedIn, “was called...
Gas Prices Fall After Lengthy Run Up

Gas Prices Fall After Lengthy Run Up

After a lengthy run up, gas prices dipped — slightly — this week. The national average fell 2 cents per gallon compared with the week prior to $2.86 per gallon. The change hit most parts of the country as 45 states saw prices decline or stay flat compared to a week...

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