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Ford to Spend $610 Million to Recall 3 Million Vehicles Due to Potential Air Bag Issues
Ford will recall 3 million older vehicles due to potential issues with air bag inflators in the vehicles, costing the automaker an estimated $610 million.
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Fiat Chrysler Unveils New Three-Row Jeep Grand Cherokee SUV
Jeep is expanding its popular Grand Cherokee lineup with a new three-row model, which the company believes will widen the vehicle’s appeal.
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AFL-CIO Leader Calls Trump Protest ‘One of the Greatest Assaults on Our Democracy Since the Civil War'
Richard Trumka, who has worked with the Trump administration over the last four years, largely blamed the president for the actions of his supporters.
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Ford's U.S. Sales Fell 15.6% in 2020 Due to Covid and F-150 Availability
Sales of the popular full-size pickup were off a third in the fourth quarter, leading to a 12.2% decline in 2020 for the automaker’s F-Series trucks.
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Luxury Carmaker Bentley Had a Record Year in 2020 as Other Automakers Struggled in Pandemic
Bentley said it sold 11,206 vehicles in 2020 despite the global health crisis causing the company’s factory in England to be shut down for seven weeks.
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GM's U.S. Sales Rose 4.8% in the Fourth Quarter in an Otherwise Dismal Year
GM reports its domestic sales during the last three months of last year increased 4.8% compared to 2019.
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GasBuddy Expects Recovery in Fuel Spending in U.S. After Covid Caused $100 Billion Decline
GasBuddy expects a modest recovery in U.S. spending on gasoline this year following a nearly $100 billion decline in 2020 due to the coronavirus pandemic.
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Fiat Chrysler and PSA Groupe Shareholders Approve Merger to Create Stellantis
The voting by shareholders was one of the last steps for the merger, which the companies expect to close by the end of the first quarter.
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Nikola Shares Slide After Deal Ends for Electric Garbage Trucks With Republic Services
Nikola said the decision was made after both companies determined the it would “result in longer than expected development time, and unexpected costs.”
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GM Leads $23 Million Investment in On-Demand Vehicle Maintenance Service Yoshi
The Series B funding round will assist the company’s hiring and expansion plans as it emerges from the coronavirus pandemic for the coming years.
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General Motors Will Not Offer Buyouts to GMC Dealers Who Don't Want to Sell Hummer EVs
About half of GMC’s 1,695 dealers have agreed to invest and sell electric vehicles, beginning next fall with the brand’s Hummer EV pickup.
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Ford Adds New Off-Road ‘Tremor' Pickup to Its Profitable F-150 Lineup
The new edition to the F-150 is Ford’s latest attempt to grow its loyal truck customers and increase profits by tapping into increasingly popular off-road models.
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New Ford Bronco Sport May Have Broad Appeal With Its Off-Road Chops and On-Road Comfort
While the Ford Bronco has received much of the attention, the Bronco Sport, or “Baby Bronco,” is expected to outsell its larger sibling.
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About 150 Cadillac Dealers Take GM Buyouts Rather Than Invest in EVs
GM recently told its 880 U.S. Cadillac dealers that in order to sell its upcoming EVs it would cost at least $200,000 to upgrade dealerships.
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Nikola Shares See Another Ugly Sell-Off in Volatile Trading as Insider Lockup Period Expires
Shares of Nikola dropped 14.9% in heavy trading Tuesday after an insider lockup period expired on up to 166 million shares of the electric truck start-up.
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Nikola Founder Trevor Milton Can Sell His 91.6 Million Shares Starting Tuesday as Insider Lockup Period Expires
With roughly 360.9 million shares of company stock outstanding, Milton is by far Nikola’s largest single shareholder.
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Nikola Shares Fall After CEO Fails to Reassure Investors GM Won't Pull Out of $2 Billion Deal
Nikola stock fell during afterhours trading after its CEO declined to comment on a deal being finalized with GM and a potential stock selloff by its ex-chairman.
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Another Gift From 2020: Car Buyers Seeking Black Friday Deals Likely Out of Luck This Year
Edmunds estimates the average discount on a new vehicle in October was $2,046, about 23% lower than last year due to Covid-19.
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JPMorgan ‘Skeptical' About GM Producing Nikola Badger Pickup
JPMorgan is “skeptical” about Nikola finalizing a deal with GM to produce an electric pickup called the Badger for the embattled vehicle start-up.
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Investors Finally Reward General Motors' Shift to EVs Even as It Cuts Emerging Mobility Plans
As GM profitably guides itself through the coronavirus pandemic, Wall Street is paying more attention to its bottom line than unprofitable mobility efforts.