by Michael Strong | Jul 9, 2020
(This story has been updated with new information about Chinese auto sales.) Ford’s efforts to reverse its long struggle to sell vehicles in China may have started to take root, as the automaker saw its second-quarter sales rise 3% in the world’s largest automotive...
by Paul A. Eisenstein | Jul 9, 2020
The California-based EV startup Fisker Inc. locked down $50 million in hedge fund money this week, an investment the company says should help it take its Ocean SUV from concept to production by 2022. Located in suburban Los Angeles, the company is the second effort by...
by Paul A. Eisenstein | Jul 9, 2020
Automakers are spending tens of billions of dollars in their drive to bring autonomous vehicle technology to fruition and if claims made by CEO Elon Musk are on target, Tesla could be on the verge of delivering the world’s first fully driverless vehicle by the end of...
by Michael Strong | Jul 8, 2020
The first iteration of the eighth generation Corvette was, unsurprisingly, a big hit. The first ever mid-engine model made a huge splash with its introduction and those who waited flocked to dealerships ready to place orders. Even a pandemic couldn’t stem the tide...
by Paul A. Eisenstein | Jul 8, 2020
Steve Carlisle, who has served as head of Cadillac for the past two years, has been named the new president of General Motors North American operations. The 58-year-old Carlisle replaces Barry Engle, who was said to be seeking to pursue other opportunities. When he...
by Paul A. Eisenstein | Jul 8, 2020
Like a cat, the Chevrolet Sonic has survived a series of near-death experiences – but it has finally run out of lives, Chevy announcing it will drop the smallest passenger car in its line-up “due to declining demand.” The imminent departure brings parent General...
by Joseph Szczesny | Jul 8, 2020
The pandemic remains a challenge of historic proportions, Daimler AG executives said during a shareholders meeting conducted via the Internet after it was postponed from its original date in April as COVID-19 spread across Europe. During the meeting, shareholders were...
by Michael Strong | Jul 7, 2020
Volkswagen has been making a bunch of noise about a wave of electrified products it plans to swamp the automotive market with, but it’s the parent company’s premium brand, Audi, that seems to be leading the charge, including its new Q4 e-tron Sportback. The second...
by Paul A. Eisenstein | Jul 7, 2020
Still think electric vehicles are slow and stodgy? You might change your mind – fast – after checking out some numbers from Lotus. The British brand, long known for its exotic, high-performance sports cars, is betting big on electrification, the new Lotus Evija...
by Paul A. Eisenstein | Jul 7, 2020
Nissan has the distinction of bringing to market the world’s first mass-market battery-electric vehicle and, for the better part of a half-decade, the Leaf was also the best-selling battery-car. But times have changed, especially with the arrival of Tesla which now...
by Paul A. Eisenstein | Jul 6, 2020
Mercedes-Benz is canceling its two-year-old subscription service, the Mercedes Collection, the latest automaker to pull back on a concept some have brightly proclaimed the future of the automotive business. Not all subscription services are the same, though Mercedes...
by Joseph Szczesny | Jul 6, 2020
Mercedes-Benz is pushing ahead with what the company describes as its “electric first” strategy by taking an equity stake in a Chinese maker of battery cells – Farasis Energy. The announcement of the new partnership represents another “important milestone towards...
