Hyundai, Kia Global Sales Drop in May Due to Pandemic

Hyundai, Kia Global Sales Drop in May Due to Pandemic

Automakers around the globe are finalizing the count on how many vehicles they sold in May and South Korean automakers Hyundai Motor Co. and Kia Motors said its initial results showed their global sales fell by double-digit percentages. Hyundai report its sales fell...
Land Rover Defender Rolls into U.S. Showrooms

Land Rover Defender Rolls into U.S. Showrooms

It’s been a full 23 years since the last Land Rover Defender rolled into U.S. showrooms, so you might understand why plenty of folks have been getting anxious since hearing confirmation last year that the all-new version finally would make the jump across the...
Volkswagen Making $2B Wager on China’s EV Market

Volkswagen Making $2B Wager on China’s EV Market

Volkswagen AG is betting big – more than $2 billion – that the Chinese electric vehicle market – the largest in the world – will rebound, leading to growth for its burgeoning line-up of electric vehicles and ultimately to more profits. The German automaker announced...
Memorial Day New Car Sales Surge Never Materialized

Memorial Day New Car Sales Surge Never Materialized

The Memorial Day weekend is always a big one for the U.S. auto industry and was expected to be particularly strong this year, the industry anticipating a surge in demand thanks to hefty incentives and the end of pandemic lockdowns in much of the country. The problem...
Stocks Surge as Renault-Nissan Move to Save Alliance

Stocks Surge as Renault-Nissan Move to Save Alliance

After months of decline, shares of the three automakers forming the Renault-Nissan-Mitsubishi Alliance surged sharply on global exchanges Wednesday. Shareholders signaled their satisfaction with plans to save the long-running partnership that had been teetering on...
First Drive: 2020 BMW X5 M50i

First Drive: 2020 BMW X5 M50i

BMW, the maker of luxury vehicles, built its reputation building sports sedans. The German automaker liked to call itself the builder of the “Ultimate Driving Machine” also builds fine utility vehicles. However, the 2020 BMW X5 M50i does deserve to be in its very own...
May Sales to Drop as Fleet Sales Collapse

May Sales to Drop as Fleet Sales Collapse

New vehicle sales are expected to drop by almost a third in May, dragged down by the collapse of fleet sales highlighted by the recent bankruptcy by Hertz. ALG Inc., a subsidiary of TrueCar Inc., expects new vehicle sales will reach 1.008 million units in May 2020,...