by Michael Strong | Apr 1, 2020
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...
by Paul A. Eisenstein | Mar 31, 2020
The White House on Tuesday formalized plans to roll back fuel economy standards set during the Obama administration, a move expected to substantially lower the mileage the typical new vehicle will deliver by 2025. What the administration is calling the “Safer...
by Paul A. Eisenstein | Mar 31, 2020
The City of Light will be a little darker in October as the Paris Motor Show has become the latest in a growing list of automotive events to cancel – or, in some cases, postpone – due to the global coronavirus pandemic. The decision follows the Sunday announcement...
by Paul A. Eisenstein | Mar 31, 2020
Ford Motor Co. has again indefinitely delayed the start-up of its North American manufacturing network due to the worsening coronavirus pandemic. The one exception will be for production of the ventilators needed to assist some of the most seriously ill victims of...
by Joseph Szczesny | Mar 31, 2020
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...
by Paul A. Eisenstein | Mar 30, 2020
With tens of millions of Americans sheltering in place, a growing glut of fuel has translated into a rapid plunge in gas prices, pumps across the country now dipping below an average $2 a gallon, according to tracking service GasBuddy.com. How much further the figures...
by Paul A. Eisenstein | Mar 30, 2020
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...
by Joseph Szczesny | Mar 30, 2020
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...
by Paul A. Eisenstein | Mar 30, 2020
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...
by Paul A. Eisenstein | Mar 28, 2020
This story has been updated with additional information. The 2020 North American International Auto Show, which was supposed to take place in June for the first time has, instead, been canceled due to the worsening coronavirus crisis. Detroit has been one of the...
by Paul A. Eisenstein | Mar 27, 2020
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...
