GM March Sales Rise, but Inventory Still Worries Investors
GM March sales were nearly 2% higher, but pickup sales dropped sharply and inventory level increased again.
Cars and Drivers
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Ford’s March Car Sales Tanked
Ford's March sales dropped 7.2% as passenger car sales tumbled by more than 25%. Even the company's top-selling F-Series pickups couldn't make up the difference.
Tesla Passes Ford, Becomes Second Most Valuable Car Company in America
Tesla's market cap now is bigger than Ford's, primarily because Tesla sold more cars than expected in the first quarter, while Ford's sales have dropped sharply.
Can Tesla Sell 150,000 Cars This Year?
Tesla announced that it sold over 25,000 cars in the first quarter. For the company to be successful, it needs to show that its annual run rate can jump higher than that.
Tesla Delivers Over 25,000 Cars in Q1
Tesla Inc. (NASDAQ: TSLA) announced it delivered just over 25,000 cars. It produced 25,418 as well. The company announced: Tesla delivered just over 25,000 vehicles in Q1, of which approx 13,450 were Model S…
Ford Recalls Over 52,000 F-250 Pickups
Ford Motor Co. (NYSE: F) recalled one of the vehicles in its heavy pickup line due to the risk the F-250 could move while in park. The recall included 52,608 located in North America.…
Fuji Heavy Industries Changes Name to Subaru
Effective Saturday, April 1, Fuji Heavy Industries will be renamed for its most famous product, the Subaru.
Mercedes Seized 1.6 Million Counterfeit Parts Last Year
The market in counterfeit auto parts has to be in the tens of millions. Mercedes parent Daimler said it alone has seized 1.6 million fake parts for its automobiles last year.
Tesla Car Hits Phoenix Police Motorcycle
A Tesla vehicle ran into a Phoenix police motorcycle last week, but no one was injured. Was the car was in autopilot mode when it began to move?
Car Inventories Balloon to Highest Level Since 2009
Car inventories, measured by the average amount of time a car sits on a dealer lot before it is sold, reached 70 days for the first 19 days of March.
Tesla Short Interest Remains Flat
Tesla's short interest for the period ending was about the same as in the previous period. But keep in mind that this number is approximately 25% of Tesla’s float,so still a sizable bet.
Lincoln Resorts to Incentives for New Continental
The iconic Lincoln Continental, resurrected by the Ford (NYSE: F) luxury division to be its flagship was added to the brand’s line up this year.. Lincoln has started to give buyers aggressive discounts, a…
Self-Driving Uber Car Crashes in Arizona
A self-driving Volvo SUV operated by Uber was involved in a crash in Tempe, Arizona, on Friday. No injuries have been reported, but the accident just adds fuel to the fire burning around Uber…
Ford Sales Expected to Slide Sharply in March
Ford's U.S. sales are expected to drop sharply in March while industry sales are expected to rise, according to Kelley Blue Book.
Ford Casts Shadow Over Auto Industry
Ford saw its shares pull back early on Thursday after the company issued a warning for its first quarter earnings report.