Analysts Lower 2017 Car Sales Estimates, Posing Implications for Economy
After years of growth, auto sales are decelerating, posing a challenge to future momentum for the economy. Wall Street has taken notice as well.
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Who Likes Cheap New Cars? Phoenix Does, Detroit Doesn’t
When you think of Phoenix, Arizona, you think of stands of cactus, rattlesnakes and unrelenting heat that can fry an egg on the hood of a vehicle. Now there’s another reason to think of…
Volkswagen Slashes 9,300 Workers
Volkswagen has become the latest big car manufacturer to downsize in the face of stagnant global car sales and a push to have its plants be more efficient.
How Carvana Won Big in Its First Post-IPO Earnings
Carvana has reported its first quarterly financial results since the company came public in late April.
Electric Car Sales Surged in 2016, Fueled by China Market, Says IEA Report
The number of electric vehicles on the road worldwide doubled in 2016, fueling a boom in a market that barely existed 10 years ago, according to a report from the IEA.
US Auto Fuel Economy Rating at 25.3 MPG in May
New cars sold in the U.S. during the month of May averaged 25.3 mpg according to the latest report from the University of Michigan's Transportation Research Institute.
Analyst Makes Even Greater Bullish Case for Tesla, With Some Risks
Tesla stock has been on fire in 2017. It has risen over sharply since the end of 2016, ahead of the Model 3 launch due this summer. Now one analyst is issuing an even…
AAA Touts Benefits of Synthetic Oil
According to a new report from AAA, synthetic motor oil outperforms conventional oil by nearly 50%, offering significantly better engine protection for a modest increase in cost.
Tesla Makes Biggest Jump Among Top 10 Carmakers in Survey; Toyota Tops List
Tesla, an electric car maker founded a century after Ford started putting Model Ts on America’s roads, rose the most in brand value in BrandZ’s 2017 Car Top 10.
US Diesel Fleet Up by 280,000 in 2016
There were 8 million diesel-powered vehicles on U.S. roads and highways in 2016, an increase of 4% year over year in the country's fleet of diesel-powered passenger cars, trucks, SUVs and vans.
Will GM Shareholders Go for Greenlight Stock Proposal, Director Candidates?
At tomorrow's annual meeting, GM shareholders will vote on a dual-class stock structure and a slate of three board nominees, both presented by David Einhorn's Greenlight Capital. The outcome may be anticlimactic.
The Cost of Owning a Tesla Just Went Up
AAA is reportedly boosting its insurance premiums on Tesla Model S and Model X electric vehicles. The two vehicles experience more and more costly than average collisions.
Chinese Admit Cars Are Major Source Of Air Pollution
The Chinese government has admitted what most experts on pollution and car emissions have known for years. One of the biggest sources of air pollution in China is cars. According to the People’s Daily…
Only Electric Cars to Be Sold in India by 2030, Maybe
India, the large cities of which are among the most polluted in the world, plans to sell only electric cars by 2030. It is among a small set of large things which might sharply…
Why Toyota Sold All Its Tesla Stock
Toyota has sold its entire block of Tesla shares as the Japanese manufacturer charts its own course in the EV world.