Honda Posts $1.07B Q1 Loss as Sales Plummet

Honda Posts $1.07B Q1 Loss as Sales Plummet

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...
Fiat Chrysler Reports $1.24B Loss for Second Quarter

Fiat Chrysler Reports $1.24B Loss for Second Quarter

Fiat Chrysler Automobile N.V. financial results were “significantly” better than expected during the second quarter despite the losses the company suffered as its shipments to dealers dropped by two-thirds due to the impact of the COVID-19 pandemic The company...
Hertz Gets Go Ahead to Sell 182K Vehicles from Fleet

Hertz Gets Go Ahead to Sell 182K Vehicles from Fleet

For those who saw rental car giant Hertz’s bankruptcy filing as a way to get a good deal on a used vehicle because the company would be selling off thousands of vehicles, it may be time to get that checkbook ready. Hertz Global Holdings Inc. met with its lenders and...
Driver Fatality Rates Rise for Third Consecutive Month

Driver Fatality Rates Rise for Third Consecutive Month

For the third consecutive month, U.S. motorists are driving less, but dying more often, according to early estimates from the National Safety Council. The NSC revealed that with May’s data accounted for from all 50 states, despite the fact that most of the country was...