Auto Sales Down 33.7% During Q2 Despite Improved Climate

Auto Sales Down 33.7% During Q2 Despite Improved Climate

U.S. auto sales have been hammered since the coronavirus pandemic hit the country in late February and early March. After tough results in March and April, the market has slowly begun to bounce back, offering encouragement to automakers and the industry and leading...
Toyota Surprises Analysts, Turns Small Q1 Profit

Toyota Surprises Analysts, Turns Small Q1 Profit

Toyota Motor Corp. surprised analysts by turning a small profit for the quarter, albeit the company’s smallest profit in nearly a decade, overcoming poor sales globally due to the impact of the coronavirus pandemic. The company reported an operating profit of 13.9...
Aurora’s AVs Keep On Trucking Through Pandemic

Aurora’s AVs Keep On Trucking Through Pandemic

While autonomous vehicles hold great promise, the investment in the technology has shrunk substantially, the CEO and co-founder of a leading AV firm revealed at the Center for Automotive Research’s Management Briefing Seminars this week. Chris Urmson, a leading...
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 Strikes Back at General Motors in Court Filing

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...