Electric pickup truck and SUV maker Rivian landed a Christmas present of $1.3 billion in fresh cash as it works to get its first deliveries out the door by late next year.
China is absolutely critical to U.S. car manufacturers. It is the largest car market in the world, as it moved ahead of the American market in 2009.
In the last few days, Volkswagen’s Audi division management said it will cut as many as 9,500 people. BMW management has stated it will cut many people as well. Today, Mercedes parent Daimler’s…
While the average price for a new car in America is nearly $40,000, one sells for barely more than $14,000 and is ideal for people who don't care much about legroom or…
Douglas A. McIntyre When Consumer Reports recently released its annual car survey, American luxury car brand Cadillac fell to the bottom of the list.
Douglas A. McIntyre If car companies learned anything in the last recession, it is that a sharp drop in car buyers can ruin a manufacturer. GM would certainly find Ford a strong partner as the…
General Motors reported much-better-than-expected Q3 profits and revenues Tuesday morning despite the recent UAW strike.
Paul Ausick Auto sales should stay steady, moving along at a near-record pace, in October. However, some car companies will suffer a fall-off in sales.
When GM reports third-quarter results Tuesday, the company will be aiming to clear an earnings bar that is a third lower than it was just three months ago. Labor strikes will do…
Paul Ausick GM's union 46,000 union employees on Friday will complete voting on a new contract. If the deal is approved, Ford and Chrysler negotiations will go into high gear.
GM reportedly has finalized a settlement to end a multiweek strike by the United Auto Workers union. With earnings season kicking off, there will be more of a focus the strike's price…
Jon C. Ogg The United Auto Workers union and GM have reached a proposed tentative agreement to end the month-long strike against the company's 55 U.S. locations. No details yet.
Paul Ausick The trade war with the United States has triggered a pullback in the purchase of American products in China. That may be what sinks Ford completely in the world's largest car market.
Despite the three-week-old UAW strike, GM management has made two calculations that investors support.
Douglas A. McIntyre Year-to-date U.S. sales for most automakers trail 2018 sales for the same period. But the declines are generally modest, however, with one significant exception.