Car sales in the U.S. are down, compared to last year, for the fourth straight month. That’s largely across the board. Ford, GM, Fiat-Chrysler and Toyota all reported lower sales. That means the bonanza that the auto industry has been enjoying for the past several years may be cooling off. That means dealership lots are […]
The auto industry came to Washington today for talks with the Environmental Protection Agency and Department of Transportation. On the table: tweaks to the emissions and mileage requirements currently in place. The White House and automakers want lower standards to be considered. Click the audio player above to hear the full story.
The New York auto show kicks off later this week. The event comes at a time when the auto industry is grappling with two diverging trends. On one hand, people still want big, spacious, largely gas-powered vehicles; on the other hand is a future powered by mobility services and electric vehicles. A report by the Boston Consulting Group […]
Toyota is investing $1.3 billion to upgrade 30-year-old equipment at its manufacturing plant in Georgetown, Kentucky. The factory is going to start producing a new Camry in June. The automaker says this investment has been in the works for years and was not driven by the border tax floated by President Trump. But that doesn’t […]
Some interesting news in the automotive space today: Tesla, the maker of high-end electric cars, has now surpassed Ford in terms of market capitalization (the total value of all outstanding shares). It seems investors are betting big that Elon Musk can meet growth targets ahead of the much-anticipated release of the Model 3 sedan later this […]