by Paul A. Eisenstein | Oct 22, 2020
What looked to be a disastrous year for the American auto industry is turning out to be far better than expected, according to Bob Carter, the head of U.S. sales for Toyota. While fleet business is well below normal – and likely to stay that way for quite some time –...
by Michael Strong | Oct 22, 2020
Even when Tesla wins it can’t win with shareholders these days as the EV maker’s stock got only a small bump the day after it posted record earnings results and reported it would begin building vehicles at two new plants next year, pushing production levels to nearly...
by Paul A. Eisenstein | Oct 21, 2020
It took General Motors just 10 minutes to sell out the launch version of the 2022 GMC Hummer EV following Tuesday night’s online debut, with another 3,000 prospective customers now on a waiting list. While the automaker is planning to launch at least 20 all-electric...
by Joseph Szczesny | Oct 21, 2020
New Jersey is joining California in calling for a future ban on the sale of gasoline-powered motor vehicles to combat global warming. The recommendation to stop the sale of gasoline-powered vehicles starting in 2035 was included in a new report from the New Jersey...
by Paul A. Eisenstein | Oct 21, 2020
The COVID-19 pandemic has had a devastating impact on the travel industry and nowhere is that more apparent than in the rent-a-car sector where traditional giant Hertz filed for bankruptcy and competitors have slashed the purchase of new vehicles. It would seem to be...
by Paul A. Eisenstein | Oct 21, 2020
For those who think of an electric vehicle as something quirky and limited in capabilities, the new GMC Hummer is likely to come as quite a shock. One of at least 20 battery-electric vehicles General Motors plans to bring to market over the next three years, the...
by Michael Strong | Oct 17, 2020
Nikola Motors stock took another hit Friday after its CEO inadvertently suggested in an interview that a deal with General Motors may not come to pass. The much-maligned EV maker’s stock slid 15%, closing the day at $19.54 after opening at $22.97. Investors expressed...
by Michael Strong | Oct 16, 2020
Earlier this year, General Motors shut down its Detroit-Hamtramck Assembly Center to convert the long-serving plant to a new purpose: electric vehicle production. With a new purpose, comes a new name: Factory ZERO. The company revealed the new name – and its new sign...
by Paul A. Eisenstein | Oct 16, 2020
In a society that puts a premium on respect for elders, Euisun Chung has spent decades in the background as his now octogenarian father led the Hyundai Motor Group. But, in recent years, the 49-year-old heir-apparent started to come out of the shadows, laying out some...
by Paul A. Eisenstein | Oct 16, 2020
U.S. automotive safety regulators are now looking into reports that Takata may have concealed defective seatbelt components potentially impacting tens, evens hundreds of millions of vehicles sold around the world during the last two decades. Japanese authorities...
by Paul A. Eisenstein | Oct 16, 2020
Foxconn, the Chinese company that produces the Apple iPhone, wants to take on a similar role in the emerging electric vehicle market, creating a platform that EV startups could use and then producing their vehicles in one of its own factories. Foxconn isn’t alone. On...
by Joseph Szczesny | Oct 15, 2020
After frustrating Democratic Senators by not providing substantive answers to a variety of questions, U.S. Supreme Court nominee Amy Coney Barrett did provide some small insight about her views on climate change during her confirmation hearing Wednesday. Climate...
