by Michael Strong | Feb 18, 2020
The coronavirus outbreak in China has had automakers around the globe on edge, trying to determine if and how it will impact them. At least one, Jaguar Land Rover, determined it only has enough Chinese-made parts to produce vehicles for two weeks. Chief Executive Ralf...
by Michael Strong | Feb 17, 2020
This story has been updated with new information. Former United Auto Workers President Owen Bieber died Monday. Bieber, who was the second-longest serving president, was 90. Bieber, whose passing was announced by the union, was the UAW’s seventh president and led the...
by Paul A. Eisenstein | Feb 17, 2020
General Motors will accelerate its global retrenchment by shutting down its Australian brand Holden, the automaker announced Monday, while also pulling the Chevrolet brand out of Thailand and selling its manufacturing complex there to China’s Great Wall Motors. The...
by Michael Strong | Feb 13, 2020
Tesla officials have maintained for some time that they have no plans to raise any new funds, including through a new stock sale. So naturally, the company is now issuing $2 billion in new shares. The EV maker’s stock price has increased dramatically – by triple – in...
by Joseph Szczesny | Feb 13, 2020
Last month, Nissan predicted its third-quarter earnings report would be bad, and the official filing reveals they were correct, and that future results are unlikely to improve much without making some dramatic moves. For the first nine months of the fiscal year,...
by Michael Strong | Feb 12, 2020
Almost as quickly as General Motors’ former Lordstown, Ohio plant was saved by the automaker selling it to a new owner, it may be in jeopardy once again courtesy of the Trump administration. Ironically, it was President Donald Trump who pounded his fist, demanding GM...
by Paul A. Eisenstein | Feb 12, 2020
The Carlos Ghosn affair continues to feed lawyers on at least three continents, Nissan on Wednesday filing yet another lawsuit demanding $91 million from the company’s former boss stemming from his alleged financial misconduct. Ghosn himself has fired off a flurry of...
by Michael Strong | Feb 11, 2020
Despite its Mercedes-Benz luxury car unit setting a new sales record in 2019, Daimler AG reported a 64% drop in full-year profits to 2.7 billion euros, or $2.9 billion, from 7.6 billion euros, or $7.8 billion, in 2018. Much of the nearly 5 billion-euro decline can be...
by Michael Strong | Feb 10, 2020
After mulling an IPO in 2018, Volvo Cars appears to be headed in the exact opposite direction. Instead of being an independent entity, Zhejiang Geely Holding Group is considering merging the Swedish-branded automaker with Geely Automobiles. China’s Geely Automobile...
by Joseph Szczesny | Feb 10, 2020
The Trump administration apparently is backing away from threats against four automakers by closing out an antitrust investigation brought after they signed an agreement with the state of California. The Justice Department did not issue a statement, but both The New...
by Paul A. Eisenstein | Feb 7, 2020
In keeping with the growing industry trend, Jaguar pulled the wraps off the new, second-generation F-Type online a little while back but didn’t actually give many fans a chance to check it out in person – which is why its appearance this week was one of the highlights...
by Paul A. Eisenstein | Feb 7, 2020
There was a time when the Chrysler brand targeted the pinnacle of the automotive market, taking aim at the same luxury buyers as rivals Cadillac and Lincoln. These days, the closest it can come is loading up its Pacifica minivan with high-line touches like...
