Chrysler Suffers Beating in Important Auto Quality Study
The ACSI Automobile Report 2018 measures the customer satisfaction of Americans who own major brands. The Chrysler brand was at the bottom of a list.
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Ford, GM Sales Fall in August
The August U.S. sales posted by General Motors and Ford will fall, according to a carefully followed forecast, as total new vehicles sales in the United States cools.
Toyota, Uber Want to Put the Gig Economy on Steroids
Toyota and Uber announced Tuesday that the two have agreed to collaborate on integrating the two firms' self-driving technology into a fleet of Toyota-manufactured vehicles. They also expect entrepreneurs to line up to own…
Retail August Auto Sales Forecast: Volume Up, Incentives Slightly Down
Without the effects of Hurricanes Harvey and Irma this year, retail sales of new cars are forecast to rise while automakers and dealers are positioned to keep incentive spending down, lifting profits.
European Electric Car Sales Jump by 42% in First Half of 2018
Sales of electric vehicles in Europe rose by 42% year over year in the first half of 2018. Industry research firm EV-volumes expect the total number of electric vehicles on the continent's roads to…
Vehicle Age Threatens US Car Sales
New data show that Americans are holding on to their cars and light vehicles longer. The longer people keep cars the more it undercuts sales of cars this year and beyond.
Americans Now Keep Their Cars for 10.5 Years
Americans are keeping the cars for an average of 10.5 years, up by 1.2 years longer than was the case in 2009. New car sales peaked in 2016 and are on track to slip…
Musk Still Has To Make Tesla Profitable
After days during which investors were whipsawed by decisions about Tesla Inc (NASDAQ: TSLA) future, Elon Musk announced the company would remain public, largely because, he claimed, it was in the best interests of…
Short Sellers’ Next Play on Tesla?
In the two-week short interest reporting period that ended August 15, Tesla shares hit a year-to-date high before giving virtually all of the gain back. Short sellers needed nerves of steel to get through…
Elon Musk Says Tesla Will Stay Public
There has been consternation for over a week after an Elon Musk tweet that he might take the company private. The founder of Tesla now says the company will stay public.
Car Ownership Becoming Less Important Than Mobility
A recent survey by auto industry research firm Cox Automotive notes the beginning of a shift in U.S. consumer preferences away from car ownership and toward mobility options.
Why Won’t Elon Musk Tell Us the Truth?
Elon Musk, the founder and CEO of Tesla, skirts the truth from time to time. The actions have frustrated investors, employees and perhaps suppliers.
Thumbs Down on Tesla From JPMorgan
Analysts at JPMorgan have maintained their Underweight rating on Tesla stock and cut their price target by 36%. The firm believes funding for a take-private transaction is "much less developed" than they had previously…
Tesla Is Still Worth More Than GM
Despite a sell-off in Tesla's stock due to a number of factors, the electric car company's market value is still higher than that of GM.
VW’s New CEO: What He Knew about Emissions Scandal and When He Knew It
Newly released documents related to Volkswagen's diesel emissions scandal reveal that the company's new CEO was aware of the issued months before the company publicly acknowledged the cheating.