New Vehicle Interest Rates Rise in March

New Vehicle Interest Rates Rise in March

For those thinking that the Federal Reserve’s move to essentially cut the interest rate to zero last month would be a boon to those in the new vehicle market due to anticipated rise in low-interest and zero-percent loans, March was a disappointing month. The average...
FCA Cuts Pay of Senior Executives, Salaried Employees

FCA Cuts Pay of Senior Executives, Salaried Employees

Fiat Chrysler Automobiles N.V has followed the lead of General Motors Co. and Ford Motor Co. slashing senior executive salaries and trimming the pay of salaried employees worldwide. FCA said salaried employees around will take temporary 20% pay cuts as the automaker...
Toyota Product Plans Leak Out

Toyota Product Plans Leak Out

At a time when social distancing is expected to drag on for some time and much of the global industry is currently shut down, it’s easy to question just how far back things are likely to slip when everything gets back to a level of reasonable normality. That said, we...
Pressure on Automakers Rises as Shutdown Gets Extended

Pressure on Automakers Rises as Shutdown Gets Extended

The extension of the rules for social distancing and the shutdown on non-essential businesses through April is certain to intensify the strain on automakers, reducing their cash flow sharply as sales of new vehicles continue to fall precipitously. President Donald...
Next-Generation Genesis G80 Makes Digital Debut

Next-Generation Genesis G80 Makes Digital Debut

With the spring auto show season scrubbed due to the coronavirus pandemic, automakers are looking for creative ways to introduce their latest products, and for Genesis, the solution was a global webcast to pull the wraps of the next-generation G80. To no surprise, the...
White House Set to Reveal Final Fuel Economy Rollback

White House Set to Reveal Final Fuel Economy Rollback

A long-simmering battle could come to a boil next week when the Trump Administration is expected to formally announce a rollback of the Corporate Average Fuel Economy, or CAFE, standards. President Donald Trump has long advocated reducing the guidelines established...